Series A Preferred. The Series A Preferred Stock shall not be convertible into Common Stock. Parent, in its sole discretion, may cause the Company to pay special cash dividends to any Parent Party, provided, that any such dividend is credited against the annual 10% dividend on the Series A Preferred payable to Parent.
Appears in 1 contract
Sources: Restricted Share Grant and Shareholders' Agreement (Interactivecorp)
Series A Preferred. The Series A Preferred Stock shall not be convertible into Common Stock. Parent, in its sole discretion, may cause the Company to pay special cash dividends to any Parent Party, provided, that any such dividend is credited against the annual 10% dividend on the Series A Preferred payable to Parent.. ARTICLE VI
Appears in 1 contract
Sources: Restricted Share Grant and Shareholders' Agreement (Usa Interactive)