Common use of Participating Dividends Clause in Contracts

Participating Dividends. Holders of Series A Preferred shall be entitled to receive, when and as declared by the Board of Directors, any dividends payable to the holders of the Common Stock on the basis that the Series A Preferred have been converted into Common Stock as of the record date of such dividend pursuant to the provisions of Section 4.

Appears in 7 contracts

Samples: Share Subscription Agreement (International Assets Holding Corp), Share Subscription Agreement (International Assets Holding Corp), Share Subscription Agreement (International Assets Holding Corp)

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