Payment of Accrued Dividends Sample Clauses

Payment of Accrued Dividends. The Company will, in full and complete payment, satisfaction and discharge of all dividends accrued and accruing on or by reason of the Series A, A-1 and BB Preferred Stock through December 31, 1995, issue to the Participants who convert their shares of Series A, A-1 and BB Preferred Stock, that number of shares of Common Stock as set forth in Schedule 2 under the column "Dividend Payment Shares".
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Payment of Accrued Dividends. In accordance with the provisions of the Certificate of Designations, all unpaid dividends that have accrued through the Closing Date on the shares of Cumulative Redeemable Preferred Stock, shall have been declared by the Board of Directors of DEC and paid in full in cash to the Persons who are the holders of record of such shares on the Closing Date (immediately prior to giving effect to the purchase and sale of the Securities pursuant to Section 1.2).
Payment of Accrued Dividends. The Company and the Investor hereby agree to pay all accrued and unpaid dividends on the Prior Shares by the issuance to the Investor by the Company on the date hereof of one share of common stock of the Company for each $4.00 of unpaid dividends; thus, the number of shares of common stock issued hereby is 9,986. The Investor hereby agrees that all accrued and unpaid dividends on the Prior Shares to and through the date hereof are hereby converted into such shares and are no longer due and owing.
Payment of Accrued Dividends. The LLC may not redeem any Class A Preferred Units, other than pursuant to the Purchase Agreement, unless the aggregate Class A Unpaid Yield accrued on the outstanding Class A Preferred Units as of the Redemption Date has been declared and paid in full.
Payment of Accrued Dividends. As soon as possible after shares of Series A Preferred Stock or Series C Preferred Stock have been converted into shares of Class A Common Stock, the corporation shall deliver to the holder of the shares of Series A Preferred Stock or Series C Preferred Stock converted payment in cash in an amount equal to all accrued and unpaid dividends with respect to each share of Series A Preferred Stock or Series C Preferred Stock converted, or if the conversion occurs following an initial public offering of the corporation's equity securities, and such securities are then listed on a national securities exchange or the Nasdaq National Market, at the option of the corporation, a number of shares of Class A Common Stock having a fair market value on the date of conversion (based upon the average closing sales prices of the Class A Common Stock for the immediately preceding ten trading days) equal to the accrued and unpaid dividends on the shares of Series A Preferred Stock or Series C Preferred Stock converted. Shares of Class A Common Stock issued by the corporation in payment of accrued and unpaid dividends in lieu of cash shall, upon issuance, be fully paid and nonassessable shares.
Payment of Accrued Dividends. As part of the Base Purchase Price to be paid hereunder, at or prior to the Effective Time, Parent shall deposit or cause to be deposited with the Company the amount necessary to make payment of the Accrued Dividends due the holders of Company Preferred Stock. The Company shall pay all Accrued Dividends in respect of shares of Company Preferred Stock (accrued through the date of conversion of such shares of Company Preferred Stock) at or immediately prior to the Effective Time.
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Payment of Accrued Dividends. The Company shall have delivered written evidence, in a form satisfactory to Parent, that all accrued cumulative but unpaid dividends (whether or not declared) have been paid in full.
Payment of Accrued Dividends. 44 6.5 Registration Rights Agreement..........................................................................44 6.6 Agreement to Defend....................................................................................44 6.7 Public Announcements...................................................................................44
Payment of Accrued Dividends. On or before the Closing Date, the Company shall have paid all accrued dividends due to the holders of the Company Preferred Stock, as set forth on Schedule 4.1(c) of the Company Disclosure Letter. Notwithstanding the preceding, the Company may, prior to the Effective Time, upon approval of the holders of the Company Preferred Stock and the amendment of the Articles of Incorporation of the Company, issue a stock dividend to the holders of the Company Preferred Stock in lieu of and in complete satisfaction of the accrued dividends.
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