Common use of Extraordinary Dividend and Other Distributions Clause in Contracts

Extraordinary Dividend and Other Distributions. On any day occurring after the Trade Date, (1) CONE declares an Extraordinary Dividend; (2) CONE distributes, issues or dividends to existing holders of the Shares (A) any share capital or other securities of another issuer acquired or owned (directly or indirectly) by CONE as a result of a spin-off or other similar transaction or (B) any other type of securities (other than Shares), or other assets, in any case for consideration of less than the prevailing market price, as determined in a commercially reasonable manner by Calculation Agent; or (C) CONE declares any other “special” dividend or distribution on the Shares that is, by its terms or declared intent, is outside the normal course of operations or normal dividend policies or practices of CONE;

Appears in 3 contracts

Samples: Terms Agreement (CyrusOne Inc.), Sales Agreement (CyrusOne Inc.), Terms Agreement (CyrusOne Inc.)

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Extraordinary Dividend and Other Distributions. On any day occurring after the Trade Date, (1i) CONE Company declares an Extraordinary Dividend; (2ii) CONE Company distributes, issues or dividends to existing holders of the Shares (A) any share capital or other securities of another issuer acquired or owned (directly or indirectly) by CONE Company as a result of a spin-off or other similar transaction or (B) any other type of securities (other than Shares), or other assets, in any case for consideration of less than the prevailing market price, as determined in a commercially reasonable manner by Calculation Agent; Agent or (Ciii) CONE Company declares any other “special” dividend or distribution on the Shares that is, by its terms or declared intent, is outside the normal course of operations or normal dividend policies or practices of CONECompany;

Appears in 1 contract

Samples: Essential Utilities, Inc.

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