Right to Receive Dividends Sample Clauses
The Right to Receive Dividends clause establishes a shareholder's entitlement to receive a portion of a company's profits when dividends are declared. This clause typically outlines which classes of shares are eligible for dividends, the timing and method of payment, and any conditions or limitations that may apply. By clearly defining who is entitled to dividends and under what circumstances, this clause ensures transparency and fairness in the distribution of company profits among shareholders.
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Right to Receive Dividends. In the event that, at any time the Company shall pay a dividend or make any other distribution with respect to its Common Stock whether in the form of cash, Other Common Stock, evidences of indebtedness, securities or other property, then the Company shall pay to the Holder of this Warrant on the date of payment of such dividend or other distribution, an amount in cash or a number of evidences of indebtedness, securities or other property which a holder of the number of shares of Common Stock issuable upon exercise of this Warrant in full on the record date for such dividend or other distribution would be entitled to receive on account of such dividend or distribution. A reclassification of the Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Stock of such shares of such other class of stock within the meaning of this Section 17 and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding shares of Common Stock within the meaning of Section 5.1.
Right to Receive Dividends. The Grantee will have the right to receive any dividends or other distributions paid on unvested shares of Restricted Stock.
Right to Receive Dividends. At all times during the term of this Agreement, Pledgees shall be entitled to receive and hold all dividends and distributions on the Pledged Stock as collateral security for the due payment and performance of the Obligations. Pledgor hereby authorizes and directs CRRA to pay such dividends and distributions to the Pledgees.
Right to Receive Dividends. The Certificate Holder will have the right to receive dividends paid on the shares until the certificates are sold or transferred as provided in this Agreement subject to Paragraph 4.07 of this Agreement. Trustee shall not be bound by any notice to the contrary.
Right to Receive Dividends. Notwithstanding anything in this Agreement to the contrary, any holder of Trust Common Shares who, on the date of the surrender of a Certificate, has not received any dividend or other distribution with respect to such shares with a declared record date on or prior to the date of such surrender shall nevertheless be entitled to receive any such dividend or distribution on the later of the date of such surrender or the payment date of such dividend or distribution.
Right to Receive Dividends. Holders of the Series B Junior Convertible Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors of the Corporation (the "Board of Directors"), to the extent permitted by the General Corporation Law of the State of Delaware, cumulative dividends at the rate, in the form, at the times and in the manner set forth in this Section 2. Such dividends shall accrue on any given share from the day of issuance of such share and shall accrue from day to day whether or not earned or declared.
Right to Receive Dividends. If Pledgor shall default in the prompt payment when due (whether at stated maturity or otherwise) of any of the Secured Obligations (an "Event of Default"), then so long as such Event of Default shall continue, and whether or not the Secured Party seeks or pursues any other relief or remedy available to it under applicable law or under this Agreement or any other agreement relating to the Secured Obligations, then all dividends and other distributions on the Collateral shall be paid directly to and retained by the Secured Party as part of the Collateral, subject to the terms of this Agreement, and, if the Secured Party shall so request in writing, Pledgor shall execute and deliver to the Secured Party appropriate additional dividend, distribution and other orders and documents to that end.