Common use of Coordination of Dividends Clause in Contracts

Coordination of Dividends. After the date of this Agreement, each of Buyer and Company shall coordinate with the other the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating thereto, it being the intention of the parties that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or any share of Buyer Common Stock that any such holder receives in exchange for such shares of Company Common Stock in the Merger.

Appears in 12 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

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Coordination of Dividends. After the date of this Agreement, Agreement each of Buyer Parent and the Company shall coordinate with the other the payment declaration of any dividends with in respect to of the Buyer Parent Common Stock and the Company Common Stock and the record dates and payment payments dates relating thereto, it being the intention of the parties that the holders of Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or and any share shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 8 contracts

Samples: Agreement and Plan of Merger (Tower Bancorp Inc), Agreement and Plan of Merger (Abington Bancorp, Inc./Pa), Agreement and Plan of Merger (Susquehanna Bancshares Inc)

Coordination of Dividends. After the date of this Agreement, Agreement each of Buyer and the Company shall coordinate with the other the payment declaration of any dividends with in respect to the of Buyer Common Stock and the Company Common Stock and the record dates and payment payments dates relating thereto, it being the intention of the parties that the holders of Buyer Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Buyer Common Stock and/or Company Common Stock or and any share shares of Buyer Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (F&m Bancorp), Agreement and Plan of Merger (Monocacy Bancshares Inc), Agreement and Plan of Merger (Patapsco Valley Bancshares Inc)

Coordination of Dividends. After Each of the date of this Agreement, each of Buyer Company and Company Acquiror shall coordinate with the other regarding the declaration and payment of any dividends with in respect to of the Buyer Company Common Stock and Company Acquiror Common Stock and the record dates and the payment dates relating thereto, it being the intention of the parties Company and Acquiror that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or and/or any share shares of Buyer Acquiror Common Stock that any such holder receives in exchange for such shares of Company Common Stock in therefor pursuant to the Merger.

Appears in 2 contracts

Samples: 47 Agreement and Plan of Combination (North American Mortgage Co), Dime Bancorp Inc

Coordination of Dividends. After Subject to the proviso of Section 5.1(a) of this Agreement, after the date of this Agreement, each of Buyer and Agreement the Company shall coordinate with the other declaration of any dividends in respect of the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties Parties that the holders of Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or and any share shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Somerset Hills Bancorp), Agreement and Plan of Merger (Lakeland Bancorp Inc)

Coordination of Dividends. After the date of this Agreement, each of Buyer and the Company shall coordinate with the other declaration of any dividends in respect of the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties that the holders of Parent Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Parent Common Stock and/or Company Common Stock or and any share shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 2 contracts

Samples: Shareholder Agreement (Banknorth Group Inc/Me), Shareholder Agreement (Banknorth Group Inc/Me)

Coordination of Dividends. After the date of this Agreement, Agreement each of Buyer BancorpSouth and the Company shall coordinate with the other the payment declaration of any dividends with in respect to of the Buyer Common Stock and Company Common Stock and the record dates and payment payments dates relating thereto, it being the intention of the parties that the holders of Company Common Stock shall may (to the extent allowed by law and declared) receive one, but not receive two dividendsmore than one, or fail to receive one dividend, dividend for any single calendar quarter period with respect to their shares of Company Common Stock or and any share shares of Buyer BancorpSouth Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bancorpsouth Inc)

Coordination of Dividends. After the date of this Agreement, each of Buyer and the Company shall coordinate with the other the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating thereto, it being the intention of the parties Parties that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or any share of Buyer Common Stock that any such holder receives in exchange for such shares of Company Common Stock in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lakeland Bancorp Inc)

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Coordination of Dividends. After the date of this Agreement, each of Buyer BancorpSouth and the Company shall coordinate with the other the payment declaration of any dividends with in respect to of the Buyer Common Stock and Company Common Stock and the record dates and payment payments dates relating thereto, it being the intention of the parties that the holders of Company Common Stock shall may (to the extent allowed by law and declared) receive one, but not receive two dividendsmore than one, or fail to receive one dividend, dividend for any single calendar quarter period with respect to their shares of Company Common Stock or and any share shares of Buyer BancorpSouth Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange thereof in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bancorpsouth Inc)

Coordination of Dividends. After the date of this Agreement, each of Buyer Purchaser and the Company shall will coordinate with the each other the payment declaration of any dividends with in respect to the Buyer of shares of Purchaser Common Stock and Company Common Stock and the record dates and payment payments dates relating thereto, it being the intention of the parties hereto that the holders of Company Common Stock shall will not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or and any share shares of Buyer Purchaser Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Laurel Capital Group Inc)

Coordination of Dividends. After the date of this Agreement, each of Buyer and the Company shall coordinate with the other declaration of any dividends in respect of the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties that the holders of Parent Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter semi-annual period with respect to their shares of Company Common Stock Stock, or for any share single calendar quarter with respect to any shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger. 6.15.

Appears in 1 contract

Samples: Shareholder Agreement (First National Lincoln Corp /Me/)

Coordination of Dividends. After From the date of this AgreementAgreement to the Effective Time, each of Buyer and the Company shall coordinate with the other declaration of any dividends in respect of the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties that the holders of Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Parent Common Stock and/or Company Common Stock or and any share shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me)

Coordination of Dividends. After the date of this Agreement, each of Buyer and the ------------------------- Company shall coordinate with the other declaration of any dividends in respect of the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating theretothereto with that of the Parent Common Stock, it being the intention of the parties that the holders of Parent Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Parent Common Stock and/or Company Common Stock or and any share shares of Buyer Parent Common Stock that any such holder receives in exchange for such shares of Company Common Stock receives in exchange therefor in the Merger.

Appears in 1 contract

Samples: Shareholder Agreement (American Financial Holdings Inc)

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