Common use of Coordination of Dividends Clause in Contracts

Coordination of Dividends. Oak Hill Financial agrees to cooperate with Towne Financial to ensure that the shareholders of Towne Financial receive a regular quarterly dividend from either Towne Financial or Oak Hill Financial during the quarter in which the Effective Date occurs, but that they do not receive dividends from both Towne Financial and Oak Hill Financial during such quarter.

Appears in 2 contracts

Samples: Supplemental Agreement (Oak Hill Financial Inc), Supplemental Agreement (Towne Financial Corp /Oh)

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Coordination of Dividends. Oak Hill Towne Financial agrees to cooperate with Towne Oak Hill Financial to ensure that the shareholders of Towne Financial receive a regular quarterly dividend from either Towne Financial or Oak Hill Financial during the quarter in which the Effective Date occurs, but that they do not receive dividends from both Towne Financial and Oak Hill Financial during such quarter.

Appears in 2 contracts

Samples: Supplemental Agreement (Towne Financial Corp /Oh), Supplemental Agreement (Oak Hill Financial Inc)

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