Retention of Dividends. (a) The Board of Directors may retain any dividend or other moneys payable or property distributable in respect of a share on which the Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, or engagements in respect of which the lien exists.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (EJF Acquisition Corp.), Agreement and Plan of Merger (10X Capital Venture Acquisition Corp), Business Combination Agreement (MedTech Acquisition Corp)
Retention of Dividends. (a) The Board of Directors may retain any dividend or other moneys payable or property distributable in respect of a share on which the Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, liabilities or engagements obligations in respect of which the lien exists.
Appears in 3 contracts
Samples: Convertible Notes Agreement (Motus GI Holdings, Inc.), Convertible Notes Agreement (Motus GI Holdings, Inc.), Credit Line Agreement (Check-Cap LTD)
Retention of Dividends. (a) The Board of Directors may retain any dividend or other moneys payable or property distributable in respect of a share Share on which the Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, or engagements in respect of which the lien exists.
Appears in 2 contracts
Samples: Preferred Shares Purchase Agreement (Pagaya Technologies Ltd.), Preferred Shares Purchase Agreement (Pagaya Technologies Ltd.)
Retention of Dividends. (a) 64.1 The Board of Directors may retain any dividend or other moneys payable or property distributable in respect of a share on which the Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, or engagements in respect of which the lien exists.
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Retention of Dividends. (a) 67.1. The Board of Directors may retain any dividend or other moneys payable or property distributable in respect of a share on which the Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, or engagements in respect of which the lien exists.
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