Definition of Pre-Closing Dividends


Pre-Closing Dividends means dividends paid or to be paid by the Company to AMR after the date hereof and prior to the Closing in the aggregate amount consistent with Section 7.4(b)(v).
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Examples of Pre-Closing Dividends in a sentence

There shall be no Governmental Order or other legal restraint or prohibition in existence that prohibits the consummation of the transactions contemplated by this Agreement, the other Transaction Agreements or the Specified Third-Party Reinsurance Transaction Documents, and no Action by any Governmental Authority seeking the imposition of any such Governmental Order, restraint or prohibition shall be pending.(d) Pre-Closing Dividends.
Taking into account the application of the provisions of Section 1.03, and notwithstanding the foregoing in this Section 4.09, payment of Initial Pre-Closing Dividends and any Additional Pre-Closing Dividends that inadvertently reduce the book value of ASRE below $50,000,000 shall not be deemed to be a breach of this covenant.
A-8 15 Exchange of Certificates; Pre-Closing Dividends; Fractional Shares......................................................