Common use of Dividend Reference Dates Clause in Contracts

Dividend Reference Dates. To the extent not paid on March 31, June 30, September 30 or December 31 of any year, beginning with the first such date after the date of issuance of the Share in question (each a "Dividend Reference Date"), all dividends which have accrued on each Share outstanding during the three-month period (or other period, in the case of the first Dividend Reference Date after the date of issuance of such Share) ending upon each such Dividend Reference Date will be accumulated and will remain accumulated and accrue dividends with respect to such Share until paid to the holder thereof.

Appears in 1 contract

Sources: Stock Purchase Agreement (Pinnacle Holdings Inc)

Dividend Reference Dates. To the extent not paid on March ------------------------ 31, June 30, September 30 or December 31 of any year, beginning with the first such date after the date of issuance of the Share in question (each a "Dividend -------- Reference Date"), all dividends which have accrued on each Share outstanding -------------- during the three-month period (or other period, in the case of the first Dividend Reference Date after the date of issuance of such Share) ending upon each such Dividend Reference Date will be accumulated and will remain accumulated and accrue dividends with respect to such Share until paid to the holder thereof.

Appears in 1 contract

Sources: Redemption Agreement (Pinnacle Holdings Inc)