Common use of Coordination of Dividends Clause in Contracts

Coordination of Dividends. Until the Effective Time, the Company will coordinate with Parent regarding the declaration of any dividends or other distributions with respect to the Company Common Stock and the related record dates and payment dates, it being intended that the holders of the Company Common Stock will not receive more than one dividend, or fail to receive one dividend, for any single calendar quarter on their shares of Company Common Stock (including any shares of Parent Common Stock received in exchange therefor in the Merger).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Provident Bankshares Corp), Agreement and Plan of Merger (M&t Bank Corp)

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Coordination of Dividends. Until From the date of this Agreement to the Effective Time, the Company will shall coordinate with Parent regarding the declaration of any dividends or other distributions declaration, record and payment dates with respect to dividends in respect of the Company Common Stock and the related record dates and payment datesStock, it being intended the intention of the parties that the holders of the Company Common Stock will shall not receive more than one dividend, or fail to receive one dividend, for any single calendar quarter on with respect to their shares of Company Common Stock (including and any shares of Parent Common Stock received any holder of Company Common Stock receives in exchange therefor in the Merger).

Appears in 1 contract

Samples: Agreement and Plan of Merger (North Fork Bancorporation Inc)

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Coordination of Dividends. Until the Effective Time, the Parent and Company will coordinate with Parent regarding on the declaration of any dividends or other distributions with respect to the Parent Common Stock and Company Common Stock and the related record dates and payment dates, it being intended that the holders of the Company Common Stock shareholders will not receive more than one dividend, or fail to receive one dividend, for any single calendar quarter on their shares of Company Common Stock (including any shares of Parent Common Stock received in exchange therefor in the Merger).

Appears in 1 contract

Samples: Agreement and Plan of Merger (1st Source Corp)

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