Preferred Stock Dividend Sample Clauses
A Preferred Stock Dividend clause defines the rights of preferred shareholders to receive dividends, typically before any dividends are paid to common shareholders. This clause outlines the dividend rate, frequency of payments, and whether the dividends are cumulative or non-cumulative. By specifying these terms, the clause ensures that preferred shareholders have a clear and prioritized claim to company profits, thereby making the investment more attractive and providing predictability regarding returns.
Preferred Stock Dividend. Agree to modify the terms with respect to any dividend that is payable in stock of Borrower to provide for payment of such dividend in cash.
Preferred Stock Dividend. Prior to the Effective Time, RTO Acquiror shall declare and issue a dividend, on a one-for-one basis, of RTO Acquiror Preferred Stock, which shall be issued to the RTO Acquiror Shareholders on the RTO Acquiror Record Date.
Preferred Stock Dividend. 5 1.9 Funding of Parent Escrow Fund......................................5 1.10 Rounding ..........................................................5 1.11
Preferred Stock Dividend. Subject to Section 1.9 and Article IX hereof, immediately following the Reincorporation Merger and prior to the consummation of the Merger, the Reincorporation Surviving Corporation shall declare and pay a pro rata stock dividend to the holders of AUTC Delaware Common Stock consisting of a certain amount of Series D Preferred Stock, par value $0.00001 ("AUTC DELAWARE SERIES D PREFERRED STOCK"), for each share of outstanding AUTC Delaware Common Stock (the "PREFERRED STOCK DIVIDEND"). The actual number of shares of AUTC Delaware Series D Preferred Stock to be received by the holders of AUTC Delaware Common Stock as the Preferred Stock Dividend shall be equal to the difference between (a) the quotient obtained by dividing (i) the outstanding number of shares of AUTC Delaware Common Stock immediately prior to the Merger Effective Time by (ii) the Preferred Stock Threshold Percentage (as defined in Section 2.5 hereof) and (b) the outstanding number of shares of AUTC Delaware Common Stock immediately prior to the Merger Effective Time. The AUTC Delaware Series D Preferred Stock shall have the rights, preferences, privileges and restrictions described in the Restated Certificate, including but not limited to an aggregate liquidation preference equal to the New Series D Liquidation Preference (as defined in Section 2.5 below).