Common use of Cash Dividends; Excess Purchase Payments Clause in Contracts

Cash Dividends; Excess Purchase Payments. If, after the date hereof, a Designated Issuer declares a record date in respect of a distribution of cash (other than any Permitted Dividends, any cash distributed in consideration of fractional shares of Common Stock and any cash distributed in a Reorganization Event), by dividend or otherwise, to all holders of Common Stock, or makes an Excess Purchase Payment, then the Starting Value for the calculation of the Periodic Capped Return for the next occurring Reset Date after such event shall be multiplied by a Dilution Adjustment equal to a fraction, (i) the numerator of which shall be (A) the Then-Current Market Price of the Common Stock on such record date, less (B) the amount of such distribution applicable to one share of Common Stock which would not be a Permitted Dividend (or in the case of an Excess Purchase Payment, less the aggregate amount of such Excess Purchase Payment for which adjustment is being made at such time divided by the number of shares of Common Stock outstanding on such record date), and (ii) the denominator of which shall be such Then-Current Market Price of the Common Stock.

Appears in 1 contract

Samples: Targets Trust Xvii

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Cash Dividends; Excess Purchase Payments. IfIf the Company shall, after the date hereofof this Agreement, a Designated Issuer declares declare a record date in respect of a distribution of cash (other than any Permitted DividendsDividend, any cash distributed in consideration of fractional shares of Common Stock Ordinary Shares and any cash distributed in a Reorganization Event), by dividend or otherwise, to all holders of Common StockOrdinary Shares, or makes make an Excess Purchase Payment, then the Starting Value for the calculation of the Periodic Capped Return for the next occurring Reset Date after such event shall Exchange Rate will be multiplied by a Dilution Adjustment equal to a fraction, (i) the numerator of which shall be (A) the Then-Current Market Price of the Common Stock Ordinary Shares on such record date, and the denominator of which shall be such Then-Current Market Price less (B) the amount of such distribution applicable to one share of Common Stock Ordinary Share which would not be a Permitted Dividend (or or, in the case of an Excess Purchase Payment, less the aggregate amount of such Excess Purchase Payment for which adjustment is being made at such time divided by the number of shares of Common Stock Ordinary Shares outstanding on such record date. The Appreciation Threshold Price and Initial Price shall also be adjusted in the manner described in Section 6.1(e), and (ii) the denominator of which shall be such Then-Current Market Price of the Common Stock.

Appears in 1 contract

Samples: Purchase Agreement (Amdocs Automatic Common Exchange Security Trust)

Cash Dividends; Excess Purchase Payments. If, after the date hereof, a Designated Issuer declares a record date in respect of a distribution of cash (cash, other than any Permitted Dividends, any cash distributed in consideration of fractional shares of Common Stock and any cash distributed in a Reorganization Event), by dividend or otherwise, to all holders of Common Stock, or makes an Excess Purchase Payment, then the Starting Value for the calculation of the Periodic Capped Return for Reset Period ending on the Reset Date next occurring Reset Date after such event shall be multiplied by a Dilution Adjustment equal to a fraction, (i) the numerator of which shall be (A) the Then-Current Market Price of the Common Stock on such record date, less (B) the amount of such distribution applicable to one share of Common Stock which would not be a Permitted Dividend (or Dividend, or, in the case of an Excess Purchase Payment, less the aggregate amount of such Excess Purchase Payment for which adjustment is being made at such time divided by the number of shares of Common Stock outstanding on such record date), and (ii) the denominator of which shall be such Then-Current Market Price of the Common Stock.

Appears in 1 contract

Samples: Citigroup Inc

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Cash Dividends; Excess Purchase Payments. If, after the date hereof, a Designated Issuer declares a record date in respect of a distribution of cash (other than any Permitted Dividends, any cash distributed in consideration of fractional shares of Common Stock Ordinary Shares and any cash distributed in a Reorganization Event), by dividend or otherwise, to all holders of Common StockOrdinary Shares, or makes an Excess Purchase Payment, then the Starting Value for the calculation of the Periodic Capped Return for the next occurring Reset Date after such event shall be multiplied by a Dilution Adjustment equal to a fraction, (i) the numerator of which shall be (A) the Then-Current Market Price of the Common Stock Ordinary Shares on such record date, less (B) the amount of such distribution applicable to one share of Common Stock Ordinary Shares which would not be a Permitted Dividend (or in the case of an Excess Purchase Payment, less the aggregate amount of such Excess Purchase Payment for which adjustment is being made at such time divided by the number of shares of Common Stock Ordinary Shares outstanding on such record date), and (ii) the denominator of which shall be such Then-Current Market Price of the Common StockOrdinary Shares.

Appears in 1 contract

Samples: Supplemental Indenture (Citigroup Global Markets Holdings Inc)

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