Common use of Dividends in Securities Clause in Contracts

Dividends in Securities. In case the Company shall declare a dividend or make any other distribution upon any stock of the Company payable in either case in Common Stock or Convertible Securities, such Common Stock or Convertible Securities, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Company shall declare a dividend or make any other distribution upon any stock the Common Stock of the Company payable in either case in Common Stock or Convertible Securitiesshares of Additional Stock, such Common Stock or Convertible Securitiesshares of Additional Stock, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case the Company shall declare a dividend or make any other distribution upon any stock of the Company (other than Common Stock) payable in either case in Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case the Company shall declare a dividend or make any other distribution upon any stock of the Company payable in either case in Common Stock or Convertible Securities, then a Diluting Event shall have occurred, and such Common Stock or Convertible Securities, as the case may be, issuable in payment of such dividend or distribution distribution, shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case the Company shall declare a dividend or make any other distribution upon any stock of the Company (other than Common Shares) payable in either case in Common Shares, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such Common Shares, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Company shall declare a dividend or make any other distribution upon any stock of the Company Common Stock payable in either case in Common Stock or Convertible SecuritiesStock, such Common Stock or Convertible Securities, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case the Company shall declare a dividend or make any other distribution upon any capital stock of the Company (other than the 8% dividend on the Convertible Common Stock) payable in either case in Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Holding Company shall declare a dividend or make any other distribution upon any stock shares of the Holding Company Common Stock payable in either case in shares of Holding Company Common Stock Stock, Convertible Securities or Convertible SecuritiesPurchase Rights, such shares of Holding Company Common Stock Stock, Convertible Securities or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case the Company shall ----------------------- declare a dividend or make any other distribution upon any stock of the Company (other than Common Stock) payable in either case in Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Company shall declare a dividend or make any other distribution upon any stock of the Company (other than 13 14 Common Stock) payable in either case in shares of Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such shares of Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Company shall declare a dividend or make any other distribution upon any stock of the Company (other than Common Stock) payable in either case in shares of Common Stock or Convertible Securities, such shares of Common Stock or Convertible Securities, as the case may be, issuable in payment of such dividend or and distribution shall be deemed to have been issued or sold without consideration.

Dividends in Securities. In case If the Company shall declare a dividend or make any other distribution upon any stock of the Company payable in either case in share of Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, such shares of Common Stock, Convertible Securities or Stock or Convertible SecuritiesPurchase Rights, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.