Common use of Non-Cumulative Dividends Clause in Contracts

Non-Cumulative Dividends. Dividends on shares of Series C Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 4 contracts

Samples: Deposit Agreement (Huntington Bancshares Inc /Md/), Deposit Agreement (Huntington Bancshares Inc /Md/), Merger Agreement (Chemical Financial Corp)

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Non-Cumulative Dividends. Dividends on shares of Series C I Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C I Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C I Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C I Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 2 contracts

Samples: Deposit Agreement (Huntington Bancshares Inc /Md/), Deposit Agreement (Huntington Bancshares Inc /Md/)

Non-Cumulative Dividends. Dividends on shares of Series C A Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C A Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C A Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C A Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 2 contracts

Samples: Merger Agreement (Mb Financial Inc /Md), Merger Agreement (Taylor Capital Group Inc)

Non-Cumulative Dividends. Dividends on shares of Series C [H] Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C [H] Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C [H] Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C [H] Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 2 contracts

Samples: Merger Agreement (Huntington Bancshares Inc/Md), Merger Agreement (TCF Financial Corp)

Non-Cumulative Dividends. Dividends on shares of Series C P Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C P Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C P Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C P Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C V Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C V Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C V Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C V Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C O Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C O Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C O Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C O Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C AA Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C AA Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C AA Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C AA Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C E Preferred Stock shall be non-cumulativenoncumulative. To the extent that any dividends payable on the shares of Series C E Preferred Stock on for any Dividend Payment Date Period are not declared and paid, in full or otherwise, on or before the Dividend Payment Date that relates to such Dividend Payment DatePeriod, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C E Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C E Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Non-Cumulative Dividends. Dividends on shares of Series C T Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C T Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C T Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C T Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C BB Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C BB Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C BB Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C BB Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C W Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C W Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C W Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C W Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C N Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C N Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C N Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C N Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Preferred Stock on with respect to any Dividend Payment Date Period are not declared and paid, in full or otherwise, on or before such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period on or after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred capital stock of the Corporation.

Appears in 1 contract

Samples: Transaction Agreement (Banco Santander, S.A.)

Non-Cumulative Dividends. Dividends on shares of Series C Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Non-Cumulative Dividends. Dividends on shares of Series C D Preferred Stock shall be non-cumulativenoncumulative. To the extent that any dividends payable on the shares of Series C D Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable and the Corporation shall have no obligation to pay, and the holders of Series C D Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C D Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

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Non-Cumulative Dividends. Dividends on shares of Series C A Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C A Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on such Dividend Payment Date, then such unpaid dividends shall not cumulate be cumulative and shall cease to accrue and not be payable for such Dividend Period, and the Corporation Company shall have no obligation to pay, and the holders of Series C A Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after the Dividend Payment Date for such Dividend Period or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C A Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock of the CorporationCompany or declared at any time upon Junior Stock.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (BankGuam Holding Co)

Non-Cumulative Dividends. Dividends on shares of Series C Z Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Z Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C Z Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Z Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C Y Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Y Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C Y Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Y Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C Q Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C Q Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C Q Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C Q Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C X Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C X Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C X Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C X Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C S Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C S Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C S Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C S Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C U Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C U Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C U Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C U Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C DD Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C DD Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C DD Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C DD Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

Non-Cumulative Dividends. Dividends on shares of Series C R Preferred Stock shall be non-cumulative. To the extent that any dividends payable on the shares of Series C R Preferred Stock on any Dividend Payment Date are not declared and paid, in full or otherwise, on prior to such Dividend Payment Date, then such unpaid dividends shall not cumulate and shall cease to accrue and be payable payable, and the Corporation shall have no obligation to pay, and the holders of Series C R Preferred Stock shall have no right to receive, dividends accrued for such Dividend Period after on the Dividend Payment Date for such Dividend Period or at any time in the future or interest with respect to such dividends, whether or not dividends are declared for any subsequent Dividend Period with respect to Series C R Preferred Stock, any Parity Stock, any Junior Stock or any other class or series of authorized preferred stock Preferred Stock, Preference Stock, or Common Stock of the Corporation.

Appears in 1 contract

Samples: Deposit Agreement (Wells Fargo & Company/Mn)

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