Common use of Priority of Dividends Clause in Contracts

Priority of Dividends. So long as any share of Series U Preferred Stock remains outstanding, unless as to a dividend payment date full dividends on all outstanding shares of the Series U Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the dividend period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding dividend period that commences on such dividend payment date during the Fixed Rate Period or dividend period end date during the Floating Rate Period, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

Appears in 1 contract

Samples: Deposit Agreement (Citigroup Inc)

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Priority of Dividends. So long as any share of Series U V Preferred Stock remains outstanding, unless as to a dividend payment date full dividends on all outstanding shares of the Series U V Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the dividend period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding dividend period that commences on such dividend payment date during the Fixed Rate Period or dividend period end date during the Floating Rate Period, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

Appears in 1 contract

Samples: Deposit Agreement (Citigroup Inc)

Priority of Dividends. So long as any share of Series U A Preferred Stock remains outstanding, unless as to a dividend payment date Dividend Payment Date, full dividends on all outstanding shares of the Series U A Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the dividend period Dividend Period then ending, the Company corporation will not, and will cause its subsidiaries not to, during the next succeeding dividend period Dividend Period that commences on such dividend payment date during the Fixed Rate Period or dividend period end date during the Floating Rate PeriodDividend Payment Date, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

Appears in 1 contract

Samples: Stock Purchase Agreement (Taylor Capital Group Inc)

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Priority of Dividends. So long as any share of Series U D Preferred Stock remains Shares remain outstanding, unless as to a dividend payment date Dividend Payment Date full dividends on all outstanding shares of the Series U D Preferred Stock Shares have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the dividend period Dividend Period then ending, the Company Corporation will not, and will cause its subsidiaries not to, during the next succeeding dividend period Dividend Period that commences on such dividend payment date during the Fixed Rate Period or dividend period end date during the Floating Rate PeriodDividend Payment Date, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

Appears in 1 contract

Samples: Deposit Agreement (American Express Co)

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