Common use of Securities Dividends Clause in Contracts

Securities Dividends. If the Company pays a dividend by delivery to the Trustee of securities of the Company or any successor company, the Trustee shall retain and hold any such securities as Trustee pursuant to the terms of this Agreement and will deliver to the holders of the Voting Trust Certificates additional Voting Trust Certificates representing such securities.

Appears in 6 contracts

Samples: Voting Trust Agreement (Gatc Health Corp), Voting Trust Agreement (Opti-Harvest, Inc.), Voting Trust Agreement (Opti-Harvest, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!