Common use of Notice of Dividends; Fixing of Record Date for Holders of Receipts Clause in Contracts

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred Shares, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Shares are entitled to vote or of which holders of such Preferred Shares are entitled to notice or (ii) any election on the part of the Company to redeem any such Preferred Shares, the Depositary shall in each such instance fix a record date if a record date is fixed by Company with respect to the Preferred Shares (which record date shall be the same date as the record date fixed by the Company with respect to the Preferred Shares), for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or the determination of holders of Receipts who shall be entitled to receive the cash redemption price on a cash redemption date.

Appears in 6 contracts

Samples: Deposit Agreement (DDR Corp), Form of Deposit Agreement (DDR Corp), Deposit Agreement (DDR Corp)

AutoNDA by SimpleDocs

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred Shares, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Shares are entitled to vote or of which holders of such Preferred Shares are entitled to notice or (ii) any election on the part of the Company to redeem any such Preferred Shares, the Depositary shall in each such instance fix a record date if a record date is fixed by the Company with respect to the Preferred Shares (which record date shall be the same date as the record date fixed by the Company with respect to the Preferred Shares), for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or the determination of holders of Receipts who shall be entitled to receive the cash redemption price amount of the Redemption Price on the Preferred Shares on a cash redemption dateRedemption Date payable with respect to their Receipts.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (FNB Corp/Pa/), Deposit Agreement (Huntington Bancshares Inc/Md), Deposit Agreement (FNB Corp/Fl/)

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred SharesStock, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Shares Stock are entitled to vote or of which holders of such Preferred Shares Stock are entitled to notice or (ii) any election on the part of the Company to redeem any shares of such Preferred SharesStock, the Depositary shall in each such instance fix a record date if a record date is fixed by Company with respect to the Preferred Shares (which record date shall be the same date as the record date fixed by the Company with respect to the Preferred Shares), Stock as notified in writing to the Depositary) for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or whose Depositary Shares are to be so redeemed. Within one Business Day of the reset dividend determination date for each reset period during the Dividend Reset Period (as each such term is defined in the Certificate of Amendment), the Company shall provide written notice to the Depositary and the holders of Receipts who shall be entitled of the dividend rate applicable to receive such reset period. Five Business Days prior to the cash redemption price date on which a cash redemption dividend or other cash distribution is to be made to holders, the Company shall notify the Depositary of the amount of such Dividend to be paid on such date.

Appears in 1 contract

Samples: Deposit Agreement (M&t Bank Corp)

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred SharesStock, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Shares Stock are entitled to vote or of which holders of such Preferred Shares Stock are entitled to notice or (ii) any election on the part of the Company to redeem any shares of such Preferred SharesStock, the Depositary shall in each such instance fix a record date if a record date is fixed by Company with respect to the Preferred Shares (which record date shall be the same date as the record date fixed by the Company with respect to the Preferred Shares), Stock as notified in writing to the Depositary) for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or whose Depositary Shares are to be so redeemed. Within one Business Day of the determination Dividend Determination Date for each Dividend Period during the Floating Rate Period (as each such term is defined in the Certificate of Amendment), the Company shall provide written notice to the Depositary and the holders of Receipts who shall be entitled of the dividend rate applicable to receive such Dividend Period. Five Business Days prior to the cash redemption price date on which a cash redemption dividend or other cash distribution is to be made to holders, the Company shall notify the Depositary of the amount of such Dividend to be paid on such date.

Appears in 1 contract

Samples: Deposit Agreement (M&t Bank Corp)

AutoNDA by SimpleDocs

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred SharesStock, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Shares Stock are entitled to vote or of which holders of such Preferred Shares Stock are entitled to notice or (ii) any election on the part of the Company to redeem any shares of such Preferred SharesStock, the Depositary shall in each such instance fix a record date if a record date is fixed by Company with respect to the Preferred Shares (which record date shall be the same date as the record date fixed by the Company with respect to the Preferred Shares), Stock as notified in writing to the Depositary) for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or whose Depositary Shares are to be so redeemed. Within one Business Day of the reset dividend determination date for each reset period during the Dividend Reset Period (as each such term is defined in the Certificate of Amendment), the Company shall provide written notice to the Depositary and the holders of Receipts who shall be entitled of the dividend rate applicable to receive such reset period. At least five Business Days prior to the cash redemption price date on which a cash redemption dividend or other cash distribution is to be made to holders, the Company shall notify the Depositary of the amount of such Dividend to be paid on such date.

Appears in 1 contract

Samples: Deposit Agreement (M&t Bank Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.