Common use of Distribution of Partial Dividend Payments Clause in Contracts

Distribution of Partial Dividend Payments. For so long as any share of Series E Preferred remains outstanding, in the event that full dividends are not paid to the holders of all outstanding shares of Series E Preferred or any Parity Stock with the same dividend payment date or with a dividend payment date during a Dividend Period, and funds available for payment of dividends shall be insufficient to permit payment in full to the holders of Series E Preferred and holders of Parity Stock of the full preferential amounts to which they are then entitled, then the entire amount available for payment of dividends shall be distributed ratably among all such holders of Series E Preferred and holders of Parity Stock in proportion to the full amount to which they would otherwise be respectively entitled.

Appears in 1 contract

Sources: Securities Purchase Agreement (Wabash National Corp /De)

Distribution of Partial Dividend Payments. For so long as any share of Series E G Preferred remains outstanding, in the event that full dividends are not paid to the holders of all outstanding shares of Series E G Preferred or any Parity Stock with the same dividend payment date or with a dividend payment date during a Dividend Period, and funds available for payment of dividends shall be insufficient to permit payment in full to the holders of Series E G Preferred and holders of Parity Stock of the full preferential amounts to which they are then entitled, then the entire amount available for payment of dividends shall be distributed ratably among all such holders of Series E G Preferred and holders of Parity Stock in proportion to the full amount to which they would otherwise be respectively entitled.

Appears in 1 contract

Sources: Securities Purchase Agreement (Wabash National Corp /De)

Distribution of Partial Dividend Payments. For so long as any share of Series E F Preferred remains outstanding, in the event that full dividends are not paid to the holders of all outstanding shares of Series E F Preferred or any Parity Stock with the same dividend payment date or with a dividend payment date during a Dividend Period, and funds available for payment of dividends shall be insufficient to permit payment in full to the holders of Series E F Preferred and holders of Parity Stock of the full preferential amounts to which they are then entitled, then the entire amount available for payment of dividends shall be distributed ratably among all such holders of Series E F Preferred and holders of Parity Stock in proportion to the full amount to which they would otherwise be respectively entitled.

Appears in 1 contract

Sources: Securities Purchase Agreement (Wabash National Corp /De)