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. Wherever 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 Stock, or whenever the Depositary shall receive notice of (i) any meeting at which holders of Stock are entitled to vote or of which holders of Stock are entitled to notice or any solicitation of consents in respect of the Stock or (ii) any call or conversion of any shares of Stock, the Depositary shall in each such instance fix a record date (which shall be the same date as the record date fixed by the Company with respect to the Stock) for the determination of the holders of Receipts who shall be entitled (i) to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, (ii) to receive notice of, and to give instructions for the exercise of voting rights at or the delivery of consents with respect to, any such meeting or consent solicitation, as the case may be, or (iii) to receive notice of any such call or conversion.

Appears in 1 contract

Sources: Deposit Agreement (Travelers Capital Vii)

Notice of Dividends; Fixing of Record Date for Holders of Receipts. Wherever Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall is proposed to be made, or any rights, preferences or privileges shall at any time be offered offered, with respect to the Stockdeposited Preferred Shares, or whenever the Depositary shall receive notice of (i) any meeting at which holders of Stock such Preferred Shares are entitled to vote or of which holders of Stock such Preferred Shares are entitled to notice or any solicitation of consents in respect of the Stock or (ii) any call or conversion election on the part of the Company to redeem any shares of Stocksuch Preferred Shares, the Depositary shall in each such instance fix a record date (which shall be the same date as the record date fixed by the Company with respect to the StockPreferred Shares) for the determination of the holders of Receipts who shall be entitled (i) to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereofprivileges, (ii) to receive notice of, and to give instructions for the exercise of voting rights at or the delivery of consents with respect to, any such meeting or consent solicitation, as the case may be, or (iii) to receive notice of any such call meeting or conversionof the determination of which Depositary Shares are to be so redeemed.

Appears in 1 contract

Sources: Deposit Agreement (Boykin Lodging Co)