Dividend Default definition

Dividend Default shall have the meaning as set forth in Section 2.2(g)(i).

Dividend Default has the meaning set forth in Section 2(c)(ii) hereof.

Dividend Default means the failure of the Corporation to pay any Dividends when due, subject to any cure provisions described herein, if any.

Examples of Dividend Default in a sentence

• So long as a Preferred Dividend Default shall continue, any vacancy in the office of a Preferred Director may be filled by written consent of the Preferred Director remaining in office, or if none remains in office, by a plurality of the votes cast in the election of Preferred Directors.

• Subject to the cure provisions of Section 2.2(g)(ii) below, a Default Period with respect to a Dividend Default or a Redemption Default on a Series of Term Preferred Shares shall end on the Business Day on which, by 12:00 noon, New York City time, an amount equal to all unpaid dividends on such Series and any unpaid Redemption Price on such Series shall have been deposited irrevocably in trust in same-day funds with the Redemption and Paying Agent.

• If and when all accumulated dividends shall have been paid on such Series A Preferred Stock and Voting Preferred Stock, the right of the holders of such securities to elect the Preferred Directors shall immediately cease (subject to revesting in the event of each and every Preferred Dividend Default), and the term of office of each Preferred Director so elected shall immediately terminate and the entire Board shall be reduced accordingly.

• If a Preferred Dividend Default shall terminate after the notice of a special meeting has been given but before such special meeting has been held, the Company shall, as soon as practicable after such termination, mail or cause to be mailed notice of such termination to holders of the Series B Preferred Stock and the Parity Preferred that would have been entitled to vote at such special meeting.

• IDCW - Reinvestment Default Plan: Direct Plan (between Regular and Direct Plan) Default Option: Growth (between Growth & Dividend) Default Dividend Facility: IDCW - Reinvestment Facility (between Reinvestment & Payout Facilities) The AMC reserves the right to introduce further Options /facility as and when deemed fit.

More Definitions of Dividend Default

Dividend Default means any failure by the Company to pay:

Dividend Default means the Corporation’s failure to pay dividends (either in cash or in-kind) on the Series B Preferred Stock in full for any Dividend Period in accordance with Section 3 hereof.

Dividend Default shall have the meaning as set forth in Section 2.2(g)(A).

Dividend Default means the failure to declare and pay (either in ---------------- cash or in P-I-K Shares), or set aside a sum sufficient for the payment of, dividends on all outstanding shares of Series A Preferred Stock (including P-I-K Shares) in accordance with Section 2.

Dividend Default shall have the meaning set forth in Section 12 hereof.

Dividend Default shall have the meaning as set forth in Section 2.2(g)(i). “Dividend Payment Date” means, with respect to any Series, the first Business Day of each calendar month that any shares of such Series are outstanding; provided, however, that with respect to any Series for which the first Dividend Period, as specified in the Appendix relating to such Series, is longer than one month, the first Dividend Payment Date for such Series shall be the first Business Day of the calendar month immediately following the end of such Dividend Period.

Dividend Default means the failure of the Corporation to pay any Dividends when due, subject to any cure provisions described below.