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Dividends, Payments, and Guarantees During Event of Default
Dividends, Payments, and Guarantees During Event of Default contract clause examples

Dividends. The holders of shares of Series A Preferred Stock (each a Holder”) have no dividend rights except as may be declared by the Board in its sole and absolute discretion, out of funds legally available for that purpose.

Section # Dividends. The holders of the Series A Preferred Stock shall not be entitled to receive dividends on the Series A Preferred Stock or to participate in dividends paid on the Corporation’s Common Stock.

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