Common use of Dividend Clause in Contracts

Dividend. The Securities shall bear and pay a preferred dividend rate of Fourteen Cents ($0.14) per share, per annum, payable to the holder at the end of each calendar quarter, commencing on June 15, 1999. This amount shall accrue for the first year (6/15/98 - 6/14/99) and be divided equally among and added to the quarterly payments of the second year (6/15/99 - 6/14/00).

Dividend. The Securities shall bear and pay a preferred dividend rate of Fourteen Cents ($0.14) per share, per annum, payable to the holder at the end of each calendar quarter, commencing on June 15, 1999. This amount shall accrue for the first year (6/15/98 - 6/14/99) through 6/14/99 and be divided equally among and added to the quarterly payments of the second year (6/15/99 - 6/14/00).

Dividend. The Securities shall bear and pay a preferred dividend rate of Fourteen Cents ($0.14) per share, per annum, payable to the holder at the end of each calendar quarter, commencing on June 15, 1999. This amount shall accrue for the first year (6/15/98 - 6/14/996/16/99) and be divided equally among and added to the quarterly payments of the second year (6/15/99 - 6/14/006/16/00).