Future Dividends Sample Clauses
The 'Future Dividends' clause defines how dividends declared after the execution of an agreement will be handled between the parties. Typically, this clause specifies whether a party is entitled to receive dividends that are issued on shares or interests acquired under the agreement, and may outline the timing and method of payment or allocation. By clarifying entitlement to future dividends, this clause helps prevent disputes over profit distributions and ensures both parties understand their rights to income generated after the transaction.
Future Dividends. Subject to applicable corporate approval (including without limitation the approval of the Buyer's board of directors), after the Effective Time, the Buyer shall increase its annual dividend to $0.76 per share, payable quarterly in accordance with the Buyer's customary dividend payment practices.
Future Dividends. Any future request from Diamond or any of its affiliates (in each case in its capacity as a stockholder) that the Company issue a special dividend to holders of common stock shall be subject to review by, and a recommendation in favor thereof from, a special committee of the Board of Directors comprised solely of independent directors. For the avoidance of doubt, nothing in this paragraph 2 restricts the actions of any directors of the Company acting in their capacity as such even if such directors are affiliates of Diamond. For all purposes of this agreement, affiliates of Diamond include and are limited to (i) each controlled affiliate of Diamond, (ii) ▇▇▇▇▇▇▇ ▇▇▇▇ and his Permitted Transferees (as defined in the Amended and Restated Sponsor Stockholders Agreement, dated as of September 7, 2016, of the Company as currently in effect) and (iii) Silver Lake Partners III, L.P. and Silver Lake Partners IV, L.P. and their respective Permitted Transferees, in the case of clauses (ii) and (iii), respectively, for as long as all of such persons and entities in such clause collectively beneficially own more than 5% of the outstanding common stock of Diamond.
Future Dividends. Section 7.2(h) of the Agreement is hereby amended so that the phrase "$0.76" is replaced with the phrase "$0.88."
Future Dividends. Seller covenants that any dividends it makes in respect of the Preliminary Purchase Price or Final Purchase Price shall be made in compliance with applicable Law.