Dividends Payment. The Borrower declares or pays any dividend, or makes any distribution on its share capital, or purchases, redeems or otherwise acquires any of its shares or any option over the same, except as otherwise provided under Section 6.01 of this Agreement.
Dividends Payment. As soon as practicable after the Option Commencement Date, and in no event later than the Payment Date (as defined in the applicable Equity Transfer Agreement), Xxxxxx and Chengshan shall cause a meeting of the Board of Directors of CCT to be convened, and at such meeting, Xxxxxx and Chengshan shall respectively cause the directors it appointed to the Board of Directors of CCT to adopt a resolution to declare and distribute as soon as possible a dividend to Xxxxxx and Chengshan in accordance with their respective shareholdings in CCT with respect to CCT’s net income (after enterprise income tax) as reported in the audited annual financial statements for fiscal year of 2013 of CCT (the “Dividend Distribution”), in an amount equivalent to US$14,984,851.05 in the aggregate. In the event that Chengshan exercised Chengshan’s Call Option, the gross amount of Dividend Distribution paid to Xxxxxx shall be deducted from the Purchase Price (as defined in the Chengshan Equity Transfer Agreement), and in the event that Chengshan exercised Chengshan’s Put Option, or Xxxxxx exercised Xxxxxx’x Option, the gross amount of Dividend Distribution paid to Chengshan shall be deducted from the Purchase Price (as defined in the Xxxxxx Equity Transfer Agreement).
Dividends Payment. Through the minutes of the extraordinary and universal shareholders' meeting held on September 21, 2022, the distribution of dividends for US$31,320 from the profits of previous years was approved.
