Common use of Dividends, Interest and Other Distributions Clause in Contracts

Dividends, Interest and Other Distributions. The Borrower, as the transferor of the stock, shall receive from EFH a payment or credit against interest due of an amount equivalent to all interest dividends and other distributions which the beneficial owner of those securities is entitled to receive during the period of the loan which ends with the transfer of identical securities back to the Borrower when all outstanding principal, interest and other amounts due under the Agreement are paid and all obligations of the Borrower are extinguished. See, IRC § 1058(b)(2) (hereinafter referred to as the “Dividend Amount”).

Dividends, Interest and Other Distributions. The BorrowerPledgor, as the transferor of the stock, shall receive from EFH a payment or credit against interest due of an amount equivalent to all interest dividends and other distributions which the beneficial owner of those securities is entitled to receive during the period of the loan which ends with the transfer of identical securities back to the Borrower Pledgor when all outstanding principal, interest and other amounts due under the Agreement are paid and all obligations of the Borrower Pledgor are extinguished. See, IRC § 1058(b)(2) (hereinafter referred to as the “Dividend Amount”).

Dividends, Interest and Other Distributions. The BorrowerPledgor, as the transferor of the stock, shall receive from EFH a payment or credit against interest due of an amount equivalent to all interest dividends and other distributions which the beneficial owner of those securities is entitled to receive during the period of the loan which ends with the transfer of identical securities back to the Borrower Pledgor when all outstanding principal, interest and other amounts due under the Agreement are paid and all obligations of the Borrower Pledgor are extinguished. See, IRC § 1058(b)(2) (hereinafter referred to as the “"Dividend Amount”").