Common use of Dividend Adjustment Clause in Contracts

Dividend Adjustment. In addition to the Initial Purchase Price, Purchaser shall pay to the Company, promptly after receipt of dividends for the quarter ended September 30, 1997, an amount equal to the product of (x) Accrued Dividends Per Share (x) multiplied by (y) 506,894 shares. Payment of such Dividend Adjustment shall be made in the manner as set forth in Section 2.1(d) or as otherwise agreed to by Purchaser and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prudential Insurance Co of America)

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Dividend Adjustment. In addition to the Initial Purchase Price, Purchaser shall pay to the Company, promptly after receipt of dividends for the quarter ended September 30, 1997, an amount equal to the product of (x) Accrued Dividends Per Share (x) multiplied by (y) 506,894 3,801,703 shares. Payment of such Dividend Adjustment shall be made in the manner as set forth in Section 2.1(d) or as otherwise agreed to by Purchaser and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prudential Insurance Co of America)

Dividend Adjustment. In addition to the Initial Purchase Price, Purchaser shall pay to the Company, promptly after receipt of dividends for the quarter ended September 30, 1997, an amount equal to the product of (x) Accrued Dividends Per Share (x) multiplied MULTIPLIED by (y) 506,894 3,801,703 shares. Payment of such Dividend Adjustment shall be made in the manner as set forth in Section 2.1(d) or as otherwise agreed to by Purchaser and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Meridian Industrial Trust Inc)

Dividend Adjustment. In addition to the Initial Purchase Price, Purchaser shall pay to the Company, promptly after receipt of dividends for the quarter ended September 30, 1997, an amount equal to the product of (x) Accrued Dividends Per Share (x) multiplied by (y) 506,894 1,774,128 shares. Payment of such Dividend Adjustment shall be made in the manner as set forth in Section 2.1(d) or as otherwise agreed to by Purchaser and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prudential Insurance Co of America)

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Dividend Adjustment. In addition to the Initial Purchase Price, Purchaser shall pay to the Company, promptly after receipt of dividends for the quarter ended September 30, 1997, an amount equal to the product of (x) Accrued Dividends Per Share (x) multiplied by (y) 506,894 1,013,788 shares. Payment of such Dividend Adjustment shall be made in the manner as set forth in Section 2.1(d) or as otherwise agreed to by Purchaser and the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prudential Insurance Co of America)

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