Dividend Policy. Subject to the prudent retention of profits by way of reserve, to each Company’s obligations to financiers, and to the working capital and cash flow requirements of the Companies, the Companies shall distribute, by way of dividend in respect of each of their financial years, and as soon as reasonably practicable after the end of each financial year and on an interim basis at the end of each quarter of each financial year, such of their profits as are available for distribution in accordance with applicable law.
Appears in 4 contracts
Samples: www.sec.gov, www.sec.gov, Shareholders’ Agreement (Teekay Corp)
