Common use of Dividend Policy Clause in Contracts

Dividend Policy. The Shareholders will cause the Company to pay such dividends out of its distributable net earnings as are consistent with its operating and investment plans as approved by the Board. The payment and level of any dividend will be determined by the Board and approved by the Shareholders at a general meeting of Shareholders. In determining the amount of dividends to be distributed for each fiscal year, the Board will take into account the debt-to-equity ratio of the Company and the financial operating needs of the Company.

Dividend Policy. The Shareholders will Parties shall cause the Company to pay such dividends out of its distributable net earnings as are consistent with its operating and investment plans as approved by the Board. The payment and level of any dividend will shall be determined by the Board and approved by the Shareholders at a general meeting General Meeting of Shareholders. In determining the amount of dividends to be distributed for each fiscal year, the Board will shall take into account the debt-to-equity ratio of the Company and the financial operating needs of the Company.