Common use of Dividends with Respect to Parent Common Shares Clause in Contracts

Dividends with Respect to Parent Common Shares. No dividends or other distributions with respect to Parent Common Shares with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate or Book-Entry Shares with respect to the Parent Common Shares issuable with respect to such Certificate or Book-Entry Shares in accordance with this Agreement, and all such dividends and other distributions shall be paid by Parent to the Exchange Agent and shall be included in the Exchange Fund, in each case until the surrender of such Certificate (or affidavit of loss in lieu thereof) or transfer of Book-Entry Shares in accordance with this Agreement. Subject to applicable Laws, following surrender of any such Certificates (or affidavit of loss in lieu thereof) or transfer of Book-Entry Shares there shall be paid to the record holder of the Parent Common Shares, if any, issued in exchange therefor, without interest, (a) all dividends and other distributions payable in respect of any such Parent Common Shares with a record date after the Effective Time and a payment date on or prior to the date of such surrender and not previously paid and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender or transfer payable with respect to such Parent Common Shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cole Corporate Income Trust, Inc.), Agreement and Plan of Merger (Select Income REIT)

AutoNDA by SimpleDocs

Dividends with Respect to Parent Common Shares. No dividends or other distributions with respect to Parent Common Shares with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate or Book-Entry Shares Company Share with respect to the Parent Common Shares issuable with respect to such Certificate or Book-Entry Shares in accordance with this Agreementhereunder, and all such dividends and other distributions paid with respect to such Parent Common Shares to which such holder is entitled pursuant to this Agreement shall be paid by Parent to the Exchange Agent and shall be included in the Exchange Fund, in each case until the surrender of such Certificate or Book-Entry Company Share (or affidavit of loss in lieu thereof) or transfer of Book-Entry Shares in accordance with this Agreement. Subject to applicable Laws, following surrender of any such Certificates Certificate or Book-Entry Company Share (or affidavit of loss in lieu thereofthereof and if required by Section 3.2(e), posting of a bond) or transfer of Book-Entry Shares there shall be paid to the record holder of the Parent Common Shares, if any, issued in exchange thereforthereof, without interest, (ai) all the amount of dividends and or other distributions payable in respect of any such Parent Common Shares with a record date after the Effective Time and a payment date on or prior theretofore paid with respect to the date of such surrender and not previously paid Parent Common Shares to which such holder is entitled pursuant to this Agreement and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender or transfer payable with respect to such Parent Common Shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Chambers Street Properties), Agreement and Plan of Merger (Gramercy Property Trust Inc.)

AutoNDA by SimpleDocs

Dividends with Respect to Parent Common Shares. No dividends or other distributions with respect to Parent Common Shares with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate or Book-Entry Shares Share not transferred with respect to the number of whole Parent Common Shares issuable with respect to such Certificate or Book-Entry Shares in accordance with this Agreementholder hereunder, and all such dividends and other distributions shall instead be paid by Parent to the Exchange Agent and shall be included in the Exchange Fund, in each case until the surrender of such Certificate (or affidavit of loss in lieu thereof) or transfer of such Book-Entry Shares Share in accordance with this Agreement. Subject to applicable Laws, following surrender of any such Certificates Certificate (or affidavit of loss in lieu thereof) or transfer of any Book-Entry Shares Share there shall be paid to the record holder of the Parent Common Shares, if any, issued in exchange thereforthereof, without interest, : (ai) all the amount of dividends and or other distributions payable in respect of any such Parent Common Shares with a record date after the Effective Time and a payment date on or prior theretofore paid with respect to the date number of whole Parent Common Shares to which such surrender and not previously paid holder is entitled pursuant to this Agreement; and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender or transfer payable with respect to such Parent Common Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kite Realty Group Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.