Holdings Preferred Stock. Holdings shall pay all Dividends on the Holdings Preferred Stock in additional shares of Holdings Preferred Stock rather than in cash; provided that in lieu of issuing additional shares of Holdings Preferred Stock as Dividends, Holdings may increase the liquidation preference of the shares of the Holdings Preferred Stock in respect of which such Dividends have accrued.
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Samples: Credit Agreement (Communications Instruments Inc), Credit Agreement (Globe Manufacturing Corp), Credit Agreement (Globe Manufacturing Corp)
Holdings Preferred Stock. Holdings shall pay all Dividends on ------------------------ the Holdings Preferred Stock in additional shares of Holdings Preferred Stock rather than in cash; provided that in lieu of issuing additional shares of Holdings Preferred Stock as Dividends, Holdings may increase the liquidation preference of the shares of the Holdings Preferred Stock in respect of which such Dividends have accrued.
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