Dividend Waiver Sample Clauses

Dividend Waiver. Effective concurrently with the Closing, the Holder hereby irrevocably and unconditionally waives the right to receive the Preferred Dividend (as defined in the COD) and any interest and any other rights accruing to them by reason of the failure of the Company to pay such dividends pursuant to the terms of the COD or any other agreement between the Company and the Holder with respect to the payment of the Preferred Dividend. This waiver applies to all such dividends, interest and other rights linked to the payment of dividends that would accrue or be paid on or after July 1, 2024, together with any such dividends, interest, or rights linked to the payment of dividends that have accrued but have not been paid as of that date. The parties understand and acknowledge that the waiver in this Section 24 does not apply to any dividend or interest payments that were actually paid to any Holder prior to the date of this Repurchase Agreement.
Dividend Waiver. The Exchanging Stockholder will receive dividends on the Series B Shares through December 31, 2003, and will not be entitled to dividends on the Depositary Shares or the Series A Shares until January 1, 2004. Accordingly, the Company and the Exchanging Stockholder acknowledge and agree that the Series B Shares are issued and outstanding on the date hereof and on December 15, 2003 and that neither the Depositary Shares nor the Series A Shares are or were outstanding on either such date. With respect to the Depositary Shares and the Series A Shares, the Exchanging Stockholder hereby expressly waives any and all rights and claims to all dividends, of every kind and nature, which, prior to December 31, 2003, are paid, become payable, are declared or for which a record date has occurred.
Dividend Waiver. The Trustees shall waive their rights to receive all but 0.001p of any dividend accruing to any Shares.
Dividend Waiver. Lender hereby grantsthe Dividend Waiver for a period through and including the New Maturity Date. The waiver contained in this Section 2(d) is limited to only the Dividend (i.e. the Subordinated Debenture Interest Payments, the Subordinated Debt Interest Payments, the Series C Preferred Stock Dividendsand the Series D Preferred Stock Dividend) for the period ending on the New Maturity Date. Lender’s waiver of the Dividend Covenant as set forth in this Section 2(d) shall not constitute Lender’s consent to waive any other covenants or defaults by Borrower under the Loan Documents.
Dividend Waiver. 3.1 The Trustees shall waive or otherwise forego their entitlement to dividends and/or distributions of any kind on Shares held in the Trust Fund except:

Related to Dividend Waiver

  • Dividend Rights Subject to the prior rights of holders of all classes of stock at the time outstanding having prior rights as to dividends, the holders of the Common Stock shall be entitled to receive, when and as declared by the Board of Directors, out of any assets of the corporation legally available therefor, such dividends as may be declared from time to time by the Board of Directors.

Time is Money Join Law Insider Premium to draft better contracts faster.