Common use of Holders of Clause in Contracts

Holders of. Common Stock shall be entitled to --------- receive ratably such dividends as may be declared by the Board of Directors, provided that if dividends are declared which are -------- payable in shares of Class A Common Stock or Class B Common Stock, dividends shall be declared which are payable at the same rate on each class of Common Stock and the dividends payable in shares of Class A Common Stock shall be payable to holders of Class A Common Stock and the dividends payable in shares of Class B Common Stock shall be payable to holders of Class B Common Stock.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Morse Partners LTD), Securities Purchase Agreement (Canisco Resources Inc)