Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 24 contracts
Samples: Business Combination Agreement (Atlantic Coastal Acquisition Corp. II), Agreement and Plan of Merger (SharpLink Gaming Ltd.), Business Combination Agreement (Freedom Acquisition I Corp.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their its absolute discretion, think thinks proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 8 contracts
Samples: Agreement and Plan of Merger (Supernova Partners Acquisition Co II, Ltd.), Agreement and Plan of Merger (Supernova Partners Acquisition Co II, Ltd.), Agreement and Plan of Merger (Marquee Raine Acquisition Corp.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends dividends, such sum or sums as the Board of Directors directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors directors shall think conducive to the interests interest of the corporationCorporation, and the Board of Directors directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 4 contracts
Samples: Rights Agreement (Sunpower Corp), Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their its absolute discretion, think determines proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose or purposes as the Board of Directors shall think determine to be conducive to the interests of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Concord Acquisition Corp II), Agreement and Plan of Merger (MedTech Acquisition Corp), Agreement and Plan of Merger and Reorganization (Arrowroot Acquisition Corp.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.the
Appears in 2 contracts
Samples: Joint Venture Agreement (Pharmacopeia Inc), Joint Venture Agreement (Molecular Simulations Inc)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Business Combination Agreement (McAp Acquisition Corp), Agreement and Plan of Acquisition (Brooklyn ImmunoTherapeutics, Inc.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such any other purpose as the Board of Directors shall think conducive to the interests of the corporationproper purpose, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Reneo Pharmaceuticals, Inc.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors directors shall think conducive to the interests interest of the corporationCorporation, and the Board of Directors directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Astellas Pharma Inc.)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors directors shall think conducive to the interests interest of the corporation, and the Board of Directors directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.. 22
Appears in 1 contract
Samples: Agreement and Plan of Merger (La Jolla Pharmaceutical Co)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in their its absolute discretion, think determines proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose or purposes as the Board of Directors shall think determine to be conducive to the interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Graf Acquisition Corp. IV)
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.. ARTICLE X
Appears in 1 contract
Dividend Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors may from time to time, in their its absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interests of the corporation, ; and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Preincorporation Agreement (Biogan International Inc)
