Additional Dividends. Except for the Special Dividend, the Company shall not, and ▇▇▇▇▇ shall cause the Company not to, declare or pay any cash dividend (other than regular quarterly cash dividends not to exceed $0.20 per share) to holders of Common Stock prior to March 14, 2019; provided, that, if the Company’s senior unsecured debt rating as of the date hereof assigned by each of the Rating Agencies has been downgraded by both Rating Agencies at any time prior to March 14, 2019, then such date shall be automatically extended to December 31, 2019, unless a committee of the Board of Directors of the Company (the “Board”) comprised solely of independent directors determines it is in the best interests of the Company to pay any such dividend prior to December 31, 2019.
Appears in 2 contracts
Sources: Stock Repurchase and Cancellation Agreement (Amc Entertainment Holdings, Inc.), Stock Repurchase and Cancellation Agreement (Wanda America Entertainment, Inc.)