Right to Dividends. Upon conversion of any shares of Series A Preferred, each holder thereof shall be entitled to receive any declared but unpaid dividends in respect of the shares so converted.
Right to Dividends. All Ordinary Shares entitle their holders to an equal right to participate in Cofinimmo’s profits (if any). Preferential Shares entitle their holders to a fixed dividend which amounts to EUR 6.37 on a gross annual basis to be paid by priority over the dividend relating to Ordinary Shares. The distribution of a dividend is as a matter of principle decided by the General Meeting. The Board of directors may however declare an interim dividend in accordance with the conditions set forth in the Belgian Company Code. Dividends can only be distributed if following the declaration and issuance of the dividends the amount of the company's net assets on the date of the closing of the last financial year, does not fall below the amount of the paid-up capital (or, if higher, the issued capital), increased with the amount of non-distributable reserves. The distribution of a dividend by the Issuer to its shareholders constitutes an obligation under the Belgian RREC Legislation, which applies without prejudice to the provisions of Articles 617 and following of the Belgian Company Code and of their accounting implications. The Issuer must in that respect distribute at least 80 per cent. of an amount to be calculated pursuant to the Belgian RREC Legislation. This amount corresponds essentially to the current cash flow (thus not taking into account the change in fair value of investment properties and certain other non cash items that are included in the net current result). A RREC can also waive the distribution of an amount equal to the decrease of its net debts between the beginning and the end of the financial year. The payment of dividends, if any, and the amounts and timing thereof, will depend on a number of factors, including future revenue, capital requirements, financial conditions, general economic and business conditions, and future prospects and such other factors as the Board and the executive committee may deem relevant and will in any case be subject to the approval of the General Meeting, without prejudice to the possibility for the Board to declare an interim dividend. Claims against the Issuer for payment of dividend shall be prescribed and become void unless made within five years (in the case of interest) from the due date for such payment.
Right to Dividends. The Holders of outstanding Series HP Convertible Preferred Stock shall be entitled to receive dividends in any fiscal year, only when, as, and if declared by the Board of Directors, out of any assets at the time legally available in cash. Such dividends may be payable quarterly or otherwise as the Board of Directors may from time to time determine.
Right to Dividends. (i) Subject to the following provisions, beginning on the Issue Date through and including December 31, 1999, at a rate per annum of 3%;
Right to Dividends. There shall be no payment or adjustment by Xxxxxx, Newco or Sellers on account of any dividends on any Newco Exchangeable Shares on a Share Exchange in respect of the Newco Exchangeable Shares exchanged on such occasion. Dividends payable on any such Newco Exchangeable Shares for which the record date has occurred prior to the date of exchange or deemed exchange with respect to such Newco Exchangeable Shares shall be paid by Newco, even if the distribution date with respect to such dividends occurs after such date of exchange or deemed exchange; provided, however, that, if Xxxxxx shall have exercised the Liquidation Call Right and the Newco Liquidation Date occurs after the record date with respect to such dividends, but prior to the distribution date with respect thereto, Sellers shall be treated with respect to each Newco Exchangeable Share to be purchased by Xxxxxx on the Newco Liquidation Date pursuant to Article 3 hereof, as if they had been holders of the Specified Number of Xxxxxx Common Shares on such record date and shall be deemed to have assigned to Xxxxxx all rights against Newco with respect to such dividends.
Right to Dividends. Notwithstanding the Lock-Up Provisions set forth in this Section 2, each Holder shall receive and retain all rights of ownership of the Parent Shares held by such Holder including, without limitation, the right to receive from and after the Effective Date all dividends otherwise declared and payable by Parent with respect to its Parent Common Stock at the same time as such dividends are paid by Parent with respect to its Parent Common Stock.
Right to Dividends. The Buyer is entitled to dividends distributed with respect to the sold shares from this day on.
Right to Dividends. Chalone and Xxxxxxxx will receive dividends on their respective DBR shareholdings past and present, as and when paid in the ordinary course, as follows: [a] Their ratable shares of 1994 dividends, for the entire year, based on Chalone's holding of 14,054 shares and Xxxxxxxx'x holding of one share; [b] For years 1995 and subsequent, Chalone's ratable share based on its holding of one share (or such other shareholding as it shall in fact then have).
Right to Dividends. The sale of the Sale Shares includes all rights attached to the Sale Shares, including but not limited to, the right to the profits of SIGOS of the current fiscal year 2006 and any non-distributed profits of previous fiscal years.
Right to Dividends. Upon conversion of any shares of Series A Preferred Stock, the holder thereof shall be immediately entitled to receive its Dividend Arrearage (if any) from (i) legally available funds in respect of the shares so converted to the date of conversion, or (ii) in additional shares of Series A Preferred Stock in accordance with the provisions of Section 2.
