Non-Cumulative. Dividends on shares of Designated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock in respect of any Dividend Period:
Appears in 8 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (Sunshine Bancorp, Inc.), Agreement and Plan of Merger (Center Bancorp Inc)
Non-Cumulative. Dividends on shares of Designated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock in respect of any Dividend Period:, the holders of Designated Preferred Stock shall have no right to receive any dividend for such Dividend Period, and the Issuer shall have no obligation to pay a dividend for such Dividend Period, whether or not dividends are declared for any subsequent Dividend Period with respect to the Designated Preferred Stock.
Appears in 6 contracts
Samples: Letter Agreement, Securities Purchase Agreement, Letter Agreement
Non-Cumulative. Dividends on shares of Designated ofDesignated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock Stock, in respect of any Dividend Period the Holders shall have no right to receive any dividend for such Dividend Period:, and the Corporation shall have no obligation to pay a dividend for such Dividend Period, whether or not dividends are declared for any subsequent Dividend Period with respect to the Designated Preferred Stock.
Appears in 1 contract
Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)
Non-Cumulative. Dividends on shares of Designated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock Stock, in respect of any Dividend Period the Holders shall have no right to receive any dividend for such Dividend Period:, and the Corporation shall have no obligation to pay a dividend for such Dividend Period, whether or not dividends are declared for any subsequent Dividend Period with respect to the Designated Preferred Stock.
Appears in 1 contract
Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)
Non-Cumulative. Dividends on shares of Designated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock in respect of any Dividend Period:: SBLF Participant No. 204
Appears in 1 contract
Samples: Securities Purchase Agreement (Simmons First National Corp)
