Accumulated Dividend Amount definition

Accumulated Dividend Amount means, with respect to any Fundamental Change Conversion, the aggregate amount of undeclared, accumulated and unpaid dividends, if any, for Dividend Periods prior to the Effective Date for the relevant Fundamental Change, including for the partial Dividend Period, if any, from, and including, the Dividend Payment Date immediately preceding such Effective Date to, but excluding, such Effective Date, subject to the proviso in Section 9(a).

Accumulated Dividend Amount means, in connection with a Fundamental Change, the aggregate amount of accumulated and unpaid dividends, if any, for Dividend Periods prior to the Fundamental Change Effective Date for the relevant Fundamental Change, including for the partial Dividend Period, if any, from, and including, the Dividend Payment Date immediately preceding such Fundamental Change Effective Date to, but excluding, such Fundamental Change Effective Date, subject to the proviso in Section 9(a).

Accumulated Dividend Amount shall have the meaning set forth in the Certificate of Designations.

Examples of Accumulated Dividend Amount in a sentence

• Language barrier to communicate with local vessel especially with fishing vessel contributes to marine casualties.

• The Corporation shall, at its option, pay the Accumulated Dividend Amount: (A) in cash, to the extent the Corporation is legally permitted to do so; (B) in an additional number of shares of Common Stock equal to (x) the Accumulated Dividend Amount divided by (y) the greater of the Floor Price and 97% of the Share Price; or (C) in a combination of cash and shares of Common Stock in accordance with the provisions of clauses (A) and (B) above.

• No such payment in cash may be made if the payment is not permitted by the Company’s then existing debt instruments.(iv) No fractional ADSs shall be delivered by the Company to converting Holders in respect of the Fundamental Change Dividend Make-Whole Amount or the Accumulated Dividend Amount.

• With respect to any Fundamental Change, Holders who do not submit their Preferred Shares for conversion during the relevant Fundamental Change Conversion Period will not be entitled to convert their non-submitted Preferred Shares at the relevant Fundamental Change Conversion Rate or to receive the relevant Fundamental Change Dividend Make-Whole Amount or the relevant Accumulated Dividend Amount.

• Attempts to transfer or translate economic concepts into legal doctrine have actually led to more confusion than clarity.

More Definitions of Accumulated Dividend Amount

Accumulated Dividend Amount means, with respect to any Fundamental Change, the aggregate amount of undeclared, accumulated and unpaid dividends, if any, on the Preferred Shares for Dividend Periods prior to the relevant Fundamental Change Effective Date, including for the partial Dividend Period, if any, from, and including, the Dividend Payment Date immediately preceding such Fundamental Change Effective Date to, but excluding, such Fundamental Change Effective Date (but excluding any declared dividends for a Dividend Period during which the Fundamental Change Effective Date falls).

Accumulated Dividend Amount means, with respect to any Fundamental Change, the aggregate amount of undeclared, accumulated and unpaid dividends, if any, on the Mandatory Convertible Preferred Stock for all Dividend Periods prior to the Fundamental Change Effective Date of the relevant Fundamental Change, including for the partial Dividend Period, if any, from, and including, the Dividend Payment Date immediately preceding such Fundamental Change Effective Date to, but excluding, such Fundamental Change Effective Date.

Accumulated Dividend Amount shall have the meaning set forth in Section 7(d).

Accumulated Dividend Amount shall have the meaning set forth in the Certificate of Amendment.

Accumulated Dividend Amount shall have the meaning set forth in Section 7(d)(ii). “Additional Beneficial Owner” shall have the meaning set forth in Section 16. “Additional Conversion Amount” shall have the meaning set forth in Section 5(c). 1948679.04-NYCSR07A - MSW

Accumulated Dividend Amount shall have the meaning set forth in the Statement.

Accumulated Dividend Amount means, with respect to any Fundamental Change, the aggregate amount of undeclared, accumulated and unpaid dividends, if any, for Dividend Periods prior to the relevant Fundamental Change Effective Date, including (but subject to the second sentence of Section 10(a)) for the partial Dividend Period, if any, from, and including, the Dividend Payment Date immediately preceding such Fundamental Change Effective Date to, but excluding, such Fundamental Change Effective Date, subject to the last sentence of Section 10(a).