Cash Dividend. (i) If the Company pays any Excess Cash Dividend in any financial year, it shall simultaneously pay to the Holder an amount equal to the Excess Dividend Amount multiplied by the number of Shares into which this Note is convertible at the Conversion Price then in effect on the relevant record date for the payment of such Excess Cash Dividend.
Cash Dividend. Prior to the declaration of the Special Distribution, Discover shall declare and distribute to MSDCI a cash dividend (the “Cash Dividend”) in an amount equal to the excess of Discover’s balance sheet capital over the estimated amount that is determined to be necessary as of the Distribution Time, based on Xxxxxx Xxxxxxx’x and Discover’s views (which will take into consideration, among other things, the amount of managed credit card receivables, deferred tax assets and intangible assets of the Discover Group) of underlying business risk, regulatory requirements and rating agency views.
Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0 SP0 - C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distribution. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.
Cash Dividend. If the Company pays any cash dividend to holders of Ordinary Shares or ADSs, it shall simultaneously pay to the Holder the amount by which any dividend that would have been payable in respect of the Warranty ADSs had this Warrant been exercised prior to the relevant record date for the payment of such cash dividend exceeds the Notional Interest Amount then accrued.
Cash Dividend. If a dividend with respect to shares of Common Stock is payable in cash, then, as of the applicable dividend payment date, the Executive shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend payable with respect to a share of Common Stock, multiplied by (ii) the number of Restricted Stock Units outstanding (i.e., the number of Restricted Stock Units granted hereunder less the number of such Restricted Stock Units that have settled in accordance with Section 6 below) on the applicable dividend record date, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date.
Cash Dividend. If the Company makes any cash dividend (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or any Transaction Consideration in a Reorganization Event or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which each Warrant is exercisable will be adjusted based on the following formula: NS' = NS0 x XX0 XX0 - C where, NS' = the number of Warrant Shares for which each Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which each Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Current Market Price per share of Common Stock ending on the last Trading Day immediately preceding the first date on which the Common Stock trade regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after the close of business, on the date for the determination of stockholders entitled to receive such cash dividend. No adjustment shall be made pursuant to this Section 5.1(e) which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of the Warrants. To the extent such distribution is not so paid or made, the number of Warrant Shares will be readjusted to the number that would then be in effect had the adjustment been made on the basis of only the distribution, if any, actually made or paid.
Cash Dividend. On the Distribution Date, the Cash Dividend shall be paid to the Record Holders.
Cash Dividend. If a dividend with respect to shares of Common Stock is payable in cash, then, as of the applicable dividend payment date, the Participant shall be credited with a right to receive a “Deferred Cash Dividend Equivalent” equal to (i) the cash dividend payable with respect to a share of Common Stock, multiplied by (ii) the number of Restricted Stock Units outstanding (i.e., the number of Restricted Stock Units granted hereunder less the number of such Restricted Stock Units that have settled in accordance with Section 5 below) on the applicable dividend record date.
Cash Dividend. The Board of Directors of the Company shall have declared and the Company shall have paid the Permitted Dividends on Company Common Stock authorized by Section 5.2(e) hereof.
Cash Dividend. Unless prohibited by regulatory agencies, immediately after the Effective Time of the Consolidation, or as soon thereafter as legally possible, the Consolidated Bank will declare and pay a cash dividend to Holding Company in such amount (estimated to be approximately $240,000) as is necessary for the Holding Company to repay loans made to the Holding Company by an unaffiliated bank or other person for the purpose of capitalizing the Interim Bank and related expenses.
