Common use of Dividends Preferential Clause in Contracts

Dividends Preferential. Except with the consent in writing of the holders of a majority of the Class 3 Preference Shares outstanding, no dividend will at any time be declared and paid on or set apart for payment on the Common Shares, Class 1 Preference Shares, Class 2 Preference Shares or on any other shares ranking junior to the Class 3 Preference Shares in any financial year unless and until the cumulative dividends stated in clause 4.A(i) on all the Class 3 Preference Shares outstanding have been declared and paid or set apart for payment.

Dividends Preferential. Except with the consent in writing of the holders of a majority of the Class 3 4 Preference Shares outstanding, no dividend will at any time be declared and paid on or set apart for payment on the Common SharesStock, Class 1 Preference Shares, Class 2 3 Preference Shares or on any other shares ranking junior to the Class 3 4 Preference Shares in any financial year unless and until the cumulative dividends stated in clause 4.A(iSection 1(a) on all the Class 3 4 Preference Shares outstanding have been declared and paid or set apart for payment.