Partial Dividend Payments. Except as otherwise provided herein, if at any time the Company pays less than the total amount of dividends then accrued and accumulated with respect to the Series C Preferred Stock, such payment shall be distributed pro rata among the Holders thereof based upon the aggregate accrued and accumulated but unpaid dividends on the Series C Preferred Stock held by each such Holder.
Appears in 1 contract
Samples: Securities Purchase Agreement (AzurRx BioPharma, Inc.)
Partial Dividend Payments. Except as otherwise provided herein, if at any time the Company Corporation pays less than the total amount of dividends then accrued and accumulated with respect to the Series C A Preferred Stock, such payment shall be distributed pro rata among the Holders holders thereof based upon the aggregate accrued and accumulated but unpaid dividends on the Series C Preferred Stock Shares held by each such Holderholder.
Appears in 1 contract
Samples: Form of Exchange and Consent Agreement (Tetralogic Pharmaceuticals Corp)
Partial Dividend Payments. Except as otherwise provided herein, if at any time the Company Corporation pays less than the total amount of dividends then accrued and accumulated with respect to the Series C B Preferred Stock, such payment shall be distributed pro rata among the Holders holders thereof based upon the aggregate accrued and accumulated but unpaid dividends on the Series C Preferred Stock Shares held by each such Holderholder.
Appears in 1 contract
Samples: Securities Purchase Agreement (First Light Acquisition Group, Inc.)
Partial Dividend Payments. Except as otherwise provided herein, if at any time the Company Corporation pays less than the total amount of dividends then accrued and accumulated with respect to the Series C D Convertible Preferred Stock, such payment shall be distributed pro rata among the Holders thereof based upon the aggregate accrued and accumulated but unpaid dividends on the shares of Series C D Convertible Preferred Stock held by each such Holder.
Appears in 1 contract
Samples: Securities Purchase Agreement (GRANDPARENTS.COM, Inc.)