Dividends Rights Sample Clauses

Dividends Rights. Each share of Series B Preferred Stock will carry an annual dividend in the amount of eight percent (8%) of the Conversion Price which shall be cumulative, payable solely upon redemption, liquidation or conversion.
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Dividends Rights. IITK shall be entitled to a dividend on the Equity Shares held by them on a prorata basis, as and when declared by the Board.
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Dividends Rights. Prior to issuance of Stock pursuant to a PRSU held by the Participant, the Participant shall be entitled to
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Dividends Rights. (a) Holders of the outstanding shares of Preferred Stock shall be entitled to receive, if, as and when declared by the Board of Directors of the Corporation (the "Board of Directors"), cumulative dividends as set forth in this Article FOURTH. Dividends shall be payable in cash on the shares of Preferred Stock out of funds legally available therefor at a rate per annum equal to 9.0% (subject to adjustment as provided below) of the Liquidation Price, payable quarterly in arrears. If any quarterly dividend is not declared and paid in full on a Dividend Payment Date (i) such accrued and unpaid dividends will be added cumulatively to the Liquidation Price and remain a part thereof until such dividends (together with all other dividends accrued on such cumulated dividends) are declared and paid in full and, (ii) the dividend rate will increase to a rate per annum equal to 11.5% of the Liquidation Price and continue at such rate until all dividends that have been added cumulatively to and remain part of the Liquidation Price (together with all other dividends accrued on such cumulated dividends) are declared and paid in full. Notwithstanding the foregoing, if a full quarterly dividend payment has not been declared and paid on a Dividend Payment Date and immediately prior to such date the dividend rate per annum is equal to 9.0% of the Liquidation Price (i.e., (i) no Events of Default were continuing as of such time and (ii) no dividends had been added cumulatively to and remain part of the Liquidation Price), then if such quarterly dividend, and all dividends accrued thereon at the rate per annum of 9.0%, are declared and paid in full by no later than the tenth day following the original Dividend Payment Date (or, if such tenth day is not a Business Day, the immediately succeeding Business Day), the dividend rate shall not, solely as a result of such failure to pay dividends on the original Dividend Payment Date, increase to a rate per annum equal to 11.5% of the Liquidation Price; provided, however, that if such unpaid dividend and the dividends accrued thereon are not declared and paid as aforesaid in full by such tenth day (or, if such tenth day is not a Business Day, the immediately succeeding Business Day), then such accrued and unpaid dividends shall be added cumulatively to the Liquidation Price and the dividend rate shall increase to a rate of 11.5% per annum of the Liquidation Price, in each case effective as of the original Dividend Payment Date, and su...
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Dividends Rights. 12.1Unless otherwise approved by more than two thirds (2/3) of the voting rights of the shareholders of the Company, in every fiscal year, no dividend that is more than 30% of the Company’s distributable profits for that year shall be paid on any Shares of the Company, whether in forms of cash, property or shares of the capital of the Company.
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Dividends Rights. Subject to the rights of holders of any then outstanding shares of the Company’s preferred stock (discussed below), holders of Common Stock are entitled to receive ratably any dividends that may be declared by the Board out of funds legally available therefor.
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Dividends Rights. The Participant shall receive dividend rights in respect of any vested and unvested RSUs covered by this Agreement payable at the time of any payment of dividends to stockholders on Shares. The amount of any such dividend right shall equal the amount that would be payable to the Participant as a shareholder in respect of a number of Shares equal to the number of RSUs then credited to Participant’s Account hereunder.
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Dividends Rights. In accordance with NewCo’s bylaws, in each fiscal year its shareholders shall be entitled to a mandatory dividend of twenty-five percent (25%) of NewCo’s adjusted net income, on equal terms for common and preferred shares;
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Related to Dividends Rights

  • Dividends, Etc The Company shall not declare or pay any dividend of any kind, in cash or in property, on any class of its capital stock, nor purchase, redeem, retire or otherwise acquire for value any shares of such stock, nor make any distribution of any kind in respect thereof, nor make any return of capital to shareholders, nor make any payments in respect of any pension, profit sharing, retirement, stock option, stock bonus, incentive compensation or similar plan (except as required or permitted hereunder), without the prior written consent of the Secured Party.

  • Dividends and Distributions (A) Subject to the rights of the holders of any shares of any series of Preferred Stock (or any similar stock) ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of Common Stock, par value $.01 per share (the "Common Stock"), of the Corporation, and of any other junior stock, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the first day of March, June, September and December in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $1 or (b) subject to the provision for adjustment hereinafter set forth, 100 times the aggregate per share amount of all cash dividends, and 100 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

  • Stock Dividends and Distributions In case the Company shall pay a dividend in, or make a distribution of, shares of Common Stock or of the Company's capital stock convertible into Common Stock, the Exercise Price shall forthwith be proportionately decreased. An adjustment made pursuant to this Section 8.2 shall be made as of the record date for the subject stock dividend or distribution.

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