Common use of Dividend Rights Clause in Contracts

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock outstanding at the time, the holders of our Common Stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine.

Appears in 3 contracts

Samples: At Market Issuance Sales Agreement, At Market Issuance Sales Agreement, At Market Issuance Sales Agreement

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Dividend Rights. Subject to the preferences that may apply to of any outstanding shares of our Preferred Stock outstanding at the timeStock, the holders of our Common Stock are entitled to receive ratably any dividends our board of directors declares out of funds legally available if our board for the payment of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determinedividends.

Appears in 2 contracts

Samples: Equity Distribution Agreement, Equity Distribution Agreement

Dividend Rights. Subject to preferences that may apply to any Each holder of shares of our Preferred Stock outstanding at common stock is entitled to the time, payment of dividends and other distributions as may be declared by our board of directors from time to time out of our assets or funds legally available for dividends or other distributions. These rights are subject to the preferential rights of the holders of our Common Stock are entitled preferred stock, if any, and any contractual limitations on our ability to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends declare and then only at the times and in the amounts that our board of directors may determinepay dividends.

Appears in 2 contracts

Samples: Distribution Agency Agreement, Distribution Agency Agreement

Dividend Rights. Subject to preferences that may apply to any shares Holders of our Preferred Stock outstanding at the time, the holders of our Common Stock are common stock will be entitled to receive dividends or other distributions, if any, as may be declared from time to time by our board of directors in its discretion out of funds legally available if our board of directors, therefor and share equally on a per share basis in its discretion, determines to issue all such dividends and then only at the times and in the amounts that our board of directors may determineother distributions.

Appears in 2 contracts

Samples: Merger Agreement (SilverSun Technologies Holdings, Inc), Merger Agreement (SilverSun Technologies Holdings, Inc)

Dividend Rights. Subject to preferences that may apply be applicable to any shares of our then outstanding Preferred Stock outstanding at the timeStock, the holders of our Common Stock are entitled to receive dividends ratably those dividends, if any, as may be declared from time to time by our Board out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determinefunds.

Appears in 2 contracts

Samples: Sales Agreement, Sales Agreement

Dividend Rights. Subject to any preferences that may apply be applicable to any then outstanding shares of our Preferred Stock outstanding at the timepreferred stock, the holders of our Common Stock common stock are entitled to receive dividends of cash, property or shares of our capital stock that we pay or distribute out of funds legally available if our board of directors, in its discretion, determines to issue dividends and only then only at the times and in the amounts that our board of directors may determine. For further information on our dividend policy, see “Dividend Policy” above.

Appears in 1 contract

Samples: At the Market Sales Agreement

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock preferred stock outstanding at the time, the holders of outstanding shares of our Common Stock common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine.

Appears in 1 contract

Samples: Open Market Sale Agreement

Dividend Rights. Subject to preferences that may apply to the terms of any shares outstanding series of our Preferred Stock outstanding at the timepreferred stock, the holders of our Common Stock common stock are entitled to receive dividends in the amounts and at times as may be declared by the board of directors out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determinetherefor.

Appears in 1 contract

Samples: Sales Agreement

Dividend Rights. Subject to preferences that may apply to any shares the rights of our holders of the Preferred Stock outstanding at the timeStock, the holders of our the Common Stock are shall be entitled to receive dividends receive, when, as and if declared by the Board of Directors, out of funds any assets of the Company legally available if our board therefor, any dividends as may be declared from time to time by the Board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determineDirectors.

Appears in 1 contract

Samples: Merger Agreement (ALKALINE WATER Co INC)

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock outstanding at the time, the The holders of our Common Stock common stock are entitled to receive dividends ratably the dividends, if any, that may be declared from time to time by our board of directors out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determinefor such dividends.

Appears in 1 contract

Samples: At Market Issuance Sales Agreement

Dividend Rights. Subject to the provisions of law and the preferences that may apply to any shares of our the Preferred Stock outstanding at the timeand of any other stock ranking prior to Common Stock as to dividends, the holders of our Common Stock are will be entitled to receive dividends out when, as and if declared by the . Board of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determineDirectors.

Appears in 1 contract

Samples: Revolving Loan Agreement (International Shipholding Corp)

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Dividend Rights. Subject to preferences that may apply be applicable to any shares of our Preferred Stock then outstanding at the timepreferred stock, the holders of our Common Stock common stock are entitled to receive dividends out of funds legally available dividends, if our board of directorsany, in its discretion, determines as may be declared from time to issue dividends and then only at the times and in the amounts that time by our board of directors may determineout of legally available funds.

Appears in 1 contract

Samples: Equity Distribution Agreement

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock preferred stock outstanding at the time, the holders of our Common Stock common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine. We have never declared or paid cash dividends on our common stock and we do not intend to pay any cash dividends on our common stock for the foreseeable future.

Appears in 1 contract

Samples: Open Market Sale Agreement

Dividend Rights. Subject to preferences that may apply to any shares prior rights of our Preferred Stock outstanding at the timeany preferred stock then outstanding, the holders of shares of our Common Stock common stock are entitled to receive dividends ratably out of funds legally available available, when and if declared by our board of directors. Our common stock is not entitled to preemptive rights and is not subject to conversion, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determineredemption or sinking fund provisions.

Appears in 1 contract

Samples: At the Market Offering Agreement

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock preferred stock outstanding at the time, the holders of our Common Class A Stock and Class B Stock are entitled to receive dividends out of funds legally available if our board the Board of directorsDirectors of the Company (the “Board”), in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors the Board may determine.

Appears in 1 contract

Samples: Financing Agreement

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock preferred stock outstanding at the time, the holders of our Common Stock are common stock will be entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors may determine.

Appears in 1 contract

Samples: At Market Issuance Sales Agreement

Dividend Rights. Subject to preferences that may apply to any shares of our Preferred Stock outstanding at the time, the holders of our Common Stock Class A common stock and Class B common stock are entitled to receive dividends out of funds legally available if our board of directorsthe Board, in its discretion, determines to issue dividends and then only at the times and in the amounts that our board of directors the Board may determine.

Appears in 1 contract

Samples: Financing Agreement

Dividend Rights. Subject to preferences that may apply to applicable law and the rights, if any, of the holders of any shares series of our Preferred Stock outstanding at the timepreferred stock then-outstanding, the holders of our Common Stock common stock are entitled to receive ratable dividends when, as and if declared by our board of directors out of funds legally available if our board of directors, therefor and will share equally on a per share basis in its discretion, determines to issue such dividends and then only at the times and in the amounts that our board of directors may determinedistributions.

Appears in 1 contract

Samples: Open Market Sale Agreement

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