Common use of Monies Held Clause in Contracts

Monies Held. If and so long as a Shareholder is a Defaulting Shareholder, all monies payable to that Defaulting Shareholder by the Company by way of dividends, repayment of loans or other distributions, shall be held by the Company until such time as the Shareholder is no longer a Defaulting Shareholder.

Monies Held. If if and so long as a Shareholder is a Defaulting Shareholder, all monies payable to that Defaulting Shareholder by the Company by way of dividends, repayment of loans or other distributions, distributions shall be held by the Company until such time as the Shareholder is no longer a Defaulting Shareholder.

Monies Held. If and so long as a Shareholder is a Defaulting Shareholder, all monies payable to that Defaulting Shareholder by the Company Corporation by way of dividends, repayment of loans or other distributions, distributions shall be held by the Company Corporation until such time as the Shareholder is no longer a Defaulting Shareholder.