Common use of Distribution Rate Clause in Contracts

Distribution Rate. If the dividend rate per annum on the Mandatory Convertible Preferred Stock shall increase pursuant to the terms of the Certificate of Designations, then the Stated Distribution Rate shall increase by the same amount beginning on the same date as may be provided in the Certificate of Designations.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Shift4 Payments, Inc.), Limited Partnership Agreement (Ares Management Corp), Limited Partnership Agreement (Ares Management Corp)