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).
Permitted Dividends means:
Permitted Dividends means dividends (i) to pay the Management Fees and other amounts contemplated to be paid pursuant to Section 7.10 so long as (a) no Event of Default shall have occurred, or would occur after giving pro forma effect to such dividends, and be continuing and (b) the purpose of such dividend shall be as set forth in writing to be received by Agent prior to such distribution and such dividend shall in fact be used for such purpose and (ii) paid by any Non-NAM Subsidiary to any (a) other Non-NAM Subsidiary, (b) NAM Subsidiary or (c) other Borrower.
Examples of Permitted Dividends in a sentence
The Permitted Dividends shall be paid to RHM Shareholders without a commensurate reduction in the price of the Acquisition.
Other than the Permitted Dividends, Concord Bidco reserves the right to reduce the offer price payable for each Scheme Share pursuant to the Acquisition by up to the amount per Scheme Share of any dividends paid by RHM prior to the Effective Date.
RHM Shareholders will be entitled to receive the Permitted Dividends.
Any other subsequently authorised, declared, and paid dividends shall not constitute Permitted Dividends.
The Permitted Dividends shall be paid to RHM Shareholders without a commensurate reduction in the Cash Consideration.
More Definitions of Permitted Dividends
Permitted Dividends means those dividends and distributions (other than dividends payable in capital stock of the Company) permitted under Section 8.12 hereof, it being understood that the amount of Permitted Dividends paid in the form of property other than cash shall be determined by the Company in good faith using the same methodology that the Company uses to account for dividends in its periodic reports filed or to be filed with the Securities and Exchange Commission.
Permitted Dividends shall have the meaning set forth in the Class A Preferred Unit Designation as of the Recapitalization Date.
Permitted Dividends means, in respect of Common Shares, a dividend not in excess of $0.04 per Common Share per calendar quarter on a basis and on timing consistent with the Company’s current practice with respect to dividends, and in respect of the Preferred Shares, regular quarterly dividends payable on the Preferred Shares in accordance with the terms of such Preferred Shares, as set out in the Company’s Constating Documents.
Permitted Dividends means declaration and payment of a dividend in cash by the Company to stockholders so long as at the time thereof and after giving effect thereto, (x) no Default shall have occurred and be continuing and (y) the Adjusted Consolidated Leverage Ratio would be less than 3.0:1.0.
Permitted Dividends means (i) dividends and distributions by the Company on any class of its Equity Interests; provided that a portion of such class is held by any Permitted Holder or (ii) any payment of principal on, or purchase, redemption, defeasance or other acquisition for value of Subordinated Debt owed to Lyondell except for a payment of principal or interest at Stated Maturity.
Permitted Dividends means (i) dividends or distributions by a Subsidiary of a Borrower to such Borrower or redemption by a Subsidiary of any of its stock held by any Borrower and (ii) so long as no Default or Event of Default shall have occurred and be continuing (or would result therefrom), any other dividends or distributions.
Permitted Dividends means dividends on or other payments with respect to the Stock of Borrower, otherwise falling within the definition of Restricted Payments, (i) to which Agent has given its prior written consent or (ii) which constitutes a Permitted Payment.