Common use of Coordination of Dividends Clause in Contracts

Coordination of Dividends. After the date of this Agreement, Parent and the Company will coordinate with each other regarding the declaration of dividends in respect of the Parent Ordinary Shares and the Company Common Stock and the record dates and payment dates relating thereto, it being the intention of the parties that holders of Parent Ordinary Shares and shares of Company Common Stock will not receive two dividends, or receive no dividends, for any single calendar quarter with respect to their shares of Company Common Stock and/or the Parent Ordinary Shares any such holder receives in exchange therefor in the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Ace LTD), Agreement and Plan of Merger (Capital Re Corp), Agreement and Plan of Merger (Capital Re Corp)

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Coordination of Dividends. After the date of this Agreement, Parent and the Company will shall coordinate with each other regarding the declaration of any dividends in respect of the Parent Ordinary Shares and the Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties that the holders of Parent Ordinary Shares and shares of Common Stock or Company Common Stock will shall not receive two dividendsmore than one dividend, or fail to receive no dividendsone dividend, for any single calendar quarter with respect to their shares of parent Common Stock and/or Company Common Stock and/or the and any shares of Parent Ordinary Shares Common Stock any such holder of Company Common Stock receives in exchange therefor therefore in the Merger.

Appears in 1 contract

Samples: Voting Agreement (Abington Bancorp Inc)

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