Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Common Stock; or (iii) through any combination of cash and Common Stock.
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Samples: Backstop and Subscription Agreement, Backstop and Subscription Agreement (Hennessy Capital Acquisition Corp. III)
Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Common Stock; or (iii) through any combination of cash and Common Stock; provided that any shares of Common Stock issued or delivered to a Holder as part of a dividend on the Preferred Stock in accordance with Section 3 and this Section 4 shall be the subject of a registration statement that has become or been declared effective under the Securities Act.
Appears in 1 contract
Samples: Subscription Agreement (Hennessy Capital Acquisition Corp. III)
Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation Company may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Common Preferred Stock; or (iii) through any combination of cash and Common Preferred Stock.
Appears in 1 contract
Samples: Backstop and Subscription Agreement (Quinpario Acquisition Corp.)
Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation Company may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Preferred Stock; (iii) by delivery of shares of Common Stock; or (iiiiv) through any combination of cash and cash, Preferred Stock and/or Common Stock.
Appears in 1 contract
Samples: Subscription Agreement (Hennessy Capital Acquisition Corp.)
Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation Company may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Common Stock; or (iii) through any combination of cash and Common Stock.
Appears in 1 contract
Samples: Subscription Agreement (Hennessy Capital Acquisition Corp II)