Dividend Payment Dates. The accrued and unpaid portion of the Series A Dividend shall be payable in cash, out of funds legally available for the payment of dividends and whether or not declared by the Board, quarterly in arrears on each Series A Dividend Payment Date. If the full amount of the dividend for a particular period, as computed pursuant to Section 2(a), is not paid on the applicable payment date, then any such unpaid amount shall accrue and be paid as promptly as is legally permissible.
Appears in 3 contracts
Sources: Series a Preferred Stock Purchase Agreement (Apollo Medical Holdings, Inc.), Loan Agreement (Apollo Medical Holdings, Inc.), Series a Preferred Stock Purchase Agreement (Apollo Medical Holdings, Inc.)