Common use of Dividends; Other Distributions Clause in Contracts

Dividends; Other Distributions. Declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 per share of Company Common Stock.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Peoples Federal Bancshares, Inc.), Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

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Dividends; Other Distributions. DeclareMake, declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (xi) dividends by wholly-owned Subsidiaries of Company to such the Subsidiary’s parent or another wholly-owned Subsidiary of Company Company, and (yii) the regular quarterly cash dividends on Company Common Stock in the amount of no more than $0.05 0.10 per share of Company Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

Dividends; Other Distributions. Declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 0.06 per share of Company Common Stock.

Appears in 2 contracts

Samples: Voting Agreement (Mayflower Bancorp Inc), Voting Agreement (Independent Bank Corp)

Dividends; Other Distributions. DeclareExcept for the payment of a $0.50 quarterly dividend on its common stock in accordance with recent past practice, declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 per share of Company Common StockCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Dividends; Other Distributions. Declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 per share of Company Common StockCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

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Dividends; Other Distributions. DeclareMake, declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such the Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 per share of Company Common StockCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Dividends; Other Distributions. DeclareMake, declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (xi) dividends by Subsidiaries of Company to such the Subsidiary’s parent or another Subsidiary of Company Company, and (yii) the regular quarterly cash dividends on Company Common Stock in the amount of no more than $0.05 0.20 per share of Company Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Dividends; Other Distributions. Declare, set aside or pay any dividends on or make other distributions (whether in cash or otherwise) in respect of any of its capital stock, except (x) dividends by Subsidiaries of Company to such Subsidiary’s parent or another Subsidiary of Company and (y) the regular quarterly dividends on Company Common Stock in the amount of no more than $0.05 per share of Company Common Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Beneficial Bancorp Inc.)

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