Common use of Manner of Paying Dividend Clause in Contracts

Manner of Paying Dividend. A resolution declaring a dividend may direct payment of the dividend wholly or partly by the distribution of specific assets or of paid up shares or fractional shares, bonds, debentures or other debt obligations of the Company, or in any one or more of those ways, and, if any difficulty arises in regard to the distribution, the directors may settle the difficulty as they consider expedient, and, in particular, may set the value for distribution of specific assets.

Appears in 7 contracts

Samples: Amalgamation Agreement (Asep Medical Holdings Inc.), Amalgamation Agreement, Amalgamation Agreement (Blox, Inc.)

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