Common use of Dividends; Stock Splits or Combinations Clause in Contracts

Dividends; Stock Splits or Combinations. (1) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends of cash or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) in its discretion may determine.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Weber Inc.), Management Incentive Unit Agreement (BRP Group, Inc.), Management Incentive Unit Agreement (BRP Group, Inc.)

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Dividends; Stock Splits or Combinations. (1) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, such dividends and other distributions of cash cash, stock or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) Board in its discretion may determine.

Appears in 4 contracts

Samples: Letter Agreement (ESGEN Acquisition Corp), Letter Agreement (ESGEN Acquisition Corp), Agreement and Plan of Merger (FAST Acquisition Corp. II)

Dividends; Stock Splits or Combinations. (1i) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends of cash or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board Board of directors of the Corporation (the “Board”) Directors in its discretion may determine.

Appears in 2 contracts

Samples: Business Combination Agreement (GS Acquisition Holdings Corp II), Director Nomination Agreement (GS Acquisition Holdings Corp II)

Dividends; Stock Splits or Combinations. (1i) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends of cash or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) Board in its discretion may determine.

Appears in 2 contracts

Samples: Transaction Agreement (Endeavor Group Holdings, Inc.), Transaction Agreement (World Wrestling Entertainmentinc)

Dividends; Stock Splits or Combinations. (1A) Subject to applicable law the rights and the rights, if any, preferences of the any holders of any outstanding series of Preferred Stock or any class or series Stock, the holders of stock having a preference senior to or the right to participate with the Class A Common Stock with respect and Class B Common Stock, as such, shall be entitled to the payment of dividendsdividends and other distributions of cash, dividends of cash stock or property may be declared and paid on the Class A Common Stock out and Class B Common Stock, respectively, when, as and if declared by the Board of the assets of the Corporation that are by law available therefor, at the times and Directors in the amounts as the board of directors of the Corporation (the “Board”) in its discretion may determineaccordance with law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SVF Investment Corp. 3)

Dividends; Stock Splits or Combinations. (1i) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends of cash or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) Board in its discretion may determine.

Appears in 1 contract

Samples: Operating Agreement (EG Acquisition Corp.)

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Dividends; Stock Splits or Combinations. (1i) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, such dividends and other distributions of cash cash, stock or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board Board of directors Directors of the Corporation (the “Board”) in its discretion may determine.

Appears in 1 contract

Samples: Letter Agreement (CENAQ Energy Corp.)

Dividends; Stock Splits or Combinations. (1) Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends and other distributions of cash cash, stock or property may be declared and paid on the shares of Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) in its discretion may determine.

Appears in 1 contract

Samples: Business Combination Agreement (Spree Acquisition Corp. 1 LTD)

Dividends; Stock Splits or Combinations. (1i) Subject to Section 5.1(c)(ii), applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series of stock having a preference senior to or the right to participate with the Class A Common Stock with respect to the payment of dividends, dividends of cash or property may be declared and paid on the Class A Common Stock out of the assets of the Corporation that are by law available therefor, at the times and in the amounts as the board of directors of the Corporation (the “Board”) Board in its discretion may determine.

Appears in 1 contract

Samples: Agreement and Plan of Merger (FAST Acquisition Corp.)

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