INTERIM DIVIDEND. For the avoidance of doubt, (i) the Interim Dividend shall be paid in full in cash to the Preferred Stockholder prior to the Closing in the ordinary course of business and without penalty and (ii) the Interim Dividend is in addition to, and not included in, the Consideration payable hereunder.
Appears in 2 contracts
Sources: Preferred Stock Repurchase Agreement (OPENLANE, Inc.), Preferred Stock Repurchase Agreement (OPENLANE, Inc.)