PAYMENT OF DIVIDENDS definition

PAYMENT OF DIVIDENDS. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.
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PAYMENT OF DIVIDENDS. The holders of Class B Shares shall be entitled to receive such dividends (if any) as the board of directors of the Corporation may in its discretion declare, provided that any dividend declared must be upon the Common Shares and all of the Special Shares and Warrants and with respect to the aggregate amount of each dividend declared, the holders of the Class B Shares as a class shall be entitled to 25% of such aggregate amount after deducting the entitlements with respect to such dividend of the holders of the Class C Shares, the Warrants and the dividends contemplated by subsection 1.4(c) hereof.
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PAYMENT OF DIVIDENDS. Sinking fund provisions: Redemption provisions: Repayment provisions: Other provisions: First Delivery Date, Time and Location: Date: Time: Location:
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Examples of PAYMENT OF DIVIDENDS in a sentence

  • FOR PAYMENT OF DIVIDENDS (1) Despite any other provision of this Constitution, the Directors may determine, declare or procure the payment of dividends as and when permitted by the Act and during the Listed Period of the Listing Rules.

  • Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.(2) PAYMENT OF DIVIDENDS TO SECURITY FUNDS.

  • PAYMENT OF DIVIDENDS Dividends and interim dividends paid in respect of Distribution Shares shall be paid on the date and at the location specified by the Board of Directors.

  • This meeting is being recorded and will be available on DEEP’s Energy Filing webpage.

  • PAYMENT OF DIVIDENDS AND REPURCHASE OF STOCK The BANK shall not declare or pay a cash dividend on, or repurchase any of, its capital stock if the effect thereof would cause its regulatory capital to be reduced below (i) the amount required for the Liquidation Account or (ii) the federal regulatory capital requirement in Section 567.2 of the Rules and Regulations of the OTS.

  • PAYMENT OF DIVIDENDS Dividends for ReinvestmentDividends in respect of the Income Shares will automatically be reinvested in additional Shares of the same Class (except for Class B Shares) in the relevant Fund (except for the Aberdeen Global - World Income Bond 2022 Fund, where the reinvestment of dividends is not permitted), unless the Shareholder has specifically elected on the Application Form or otherwise subsequently in writing to receive such dividends in cash.

  • ARTICLE 35 – PAYMENT OF DIVIDENDS The payment of the interests and dividends shall be made in the registered office or where the Board of Directors or, depending on the case, the Executive Committee of the Board of Directors agrees to.

  • PAYMENT OF DIVIDENDS ON CLAIMS.—The liqui- dating agent may, in the liquidating agent’s sole discre- tion, pay dividends on proved claims at any time, and no liability shall attach to the Board (in such Board’s cor- porate capacity or as liquidating agent), by reason of any such payment, for failure to pay dividends to a claimant whose claim is not proved at the time of any such pay- ment.

  • VOLATILE STOCK PRICES AND NO PAYMENT OF DIVIDENDS Due to current energy industry conditions, energy and energy service company stock prices, including the Company's stock price, have been extremely volatile.

  • PAYMENT OF DIVIDENDS TO CHARITYDue to the great need for help in Ukraine, the board hereby reminds shareholders with Swedish tax law domicile of the possibility of tax-free donations of dividends to tax-exempt charity Bokusgruppen is Sweden’s market-leading book retailer which, with the strong and complementary brands Bokus, Bokus Play and Akademibokhandeln, reaches a very large share of Sweden’s population.


More Definitions of PAYMENT OF DIVIDENDS

PAYMENT OF DIVIDENDS. The holders of the common shares shall be entitled to receive dividends if, as and when declared by the board of directors of the Corporation out of the assets of the Corporation properly applicable to the payment of dividends in such amount and payable at such times and at such place or places in Canada as the board of directors may from time to time determine.
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Related to PAYMENT OF DIVIDENDS

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Dividends shall have the meaning provided in Section 10.6.

  • Cash Dividends shall have the meaning set forth in Section 3(a).

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.

  • Non-Cash Dividend means any Dividend which is not a Cash Dividend, and shall include a Spin-Off.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Cash Dividend means (i) any Dividend which is to be paid or made in cash (in whatever currency), but other than falling within paragraph (b) of the definition of “Spin-Off” and (ii) any Dividend determined to be a Cash Dividend pursuant to paragraph (a) of the definition of “Dividend”, and for the avoidance of doubt, a Dividend falling within paragraph (c) or (d) of the definition of “Dividend” shall be treated as being a Non-Cash Dividend.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Ordinary Cash Dividends means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Permitted Dividends means dividends or distributions made by the Company on its Class A Shares, and, without duplication, the Operating Partnerships to fund such dividends or distributions, annually in an aggregate amount equal to not less than 20% of the Company’s annual Distributable Earnings or more than 30% of Distributable Earnings; provided, that, if the minimum amount of dividends or distributions eligible to be made hereunder would be $1.00 or less per Class A Share, then up to $1.00 per Class A Share (subject to appropriate adjustment in the event of any equity dividend, equity split, combination or other similar recapitalization with respect to the Class A Shares after the Issuance Date).

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Disqualified Stock Dividends means all dividends with respect to Disqualified Stock of the Company held by Persons other than a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income tax rate (expressed as a decimal number between 1 and 0) then applicable to the Company.

  • Deferred Issuance and Distribution has the meaning assigned to such term in the Partnership Agreement.

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Dividends Paid means the total of all cash and in-kind dividends paid on one (1) share of stock during the Performance Period.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.