Distribution of Dividend Sample Clauses

Distribution of Dividend. If the Packaged fund that You have chosen pays dividends, the dividends will be reinvested back into the Packaged fund managed by the Fund manager thereby increasing Your units in the Packaged fund. You do not have the option to receive the dividends directly.
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Distribution of Dividend. If the ILP sub-fund in the Portfolio fund that You have chosen pays dividends, the dividends will be reinvested back into the ILP sub-fund managed by the ILP sub-fund Manager. You do not have the option to receive the dividends directly.
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Distribution of Dividend. If the ILP sub-fund that You have chosen pays dividends, You have the option to either reinvest or receive payments of these dividends. The frequency of dividend distribution of the ILP sub-funds is determined by the relevant ILP sub-fund manager(s). You can only be entitled to dividend(s) if You are invested in the relevant ILP sub-fund(s) at the end of its dividend declaration date. If You choose to reinvest the dividends, the relevant ILP sub-fund manager(s) will reinvest these dividends on Your behalf, thereby increasing Your units in the ILP sub-fund. If You choose to receive dividends and the ILP sub-fund declares any dividend, We will distribute these dividends to You within thirty (30) days from the dividend declaration date, subject to the minimum amount of S$40. If the amount of dividend is less than S$40, We will reinvest that particular dividend(s) as additional units to Your ILP sub-fund on Your behalf. Partial withdrawal charge will apply if You choose to withdraw the reinvested dividend(s) during the first three (3) years from the Policy commencement date and Top-up effective date (if applicable). Please refer to the partial withdrawal charge section for more details. If You would like to withdraw the reinvested dividends, You must submit Your request and it is subject to Our approval. The minimum amount to withdraw is the lesser of either S$500 or the full accumulated reinvested dividends. For any changes to the dividend payout option, You will need to notify Us in advance. Should We receive Your change request within three (3) business days from the dividend declaration date, We will only change Your mode of dividend from the next dividend payout.
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Distribution of Dividend. If the Portfolio fund pays dividends, You have the option to either reinvest these dividends or to receive payments of these dividends. You will need to decide the dividend treatment during Application. The frequency of dividend distribution of the Portfolio fund is determined by the relevant fund manager. You can only be entitled to dividend(s) if You are invested in the Portfolio fund at the end of its dividend declaration date. If You choose to reinvest the dividends, the relevant fund manager(s) will reinvest these dividends on Your behalf thereby increasing Your units in the Portfolio fund. The dividends shall be reinvested according to the ILP sub-fund allocation. If You choose to receive dividends and the Portfolio fund declares any dividend, We will distribute these dividends to You within thirty (30) days from the dividend declaration date to Your Basic policy. Dividends transferred to Basic policy will increase the Basic policy account value. For any changes to the dividend payout option, You will need to notify Us in advance. Should We receive Your change request within three (3) working days from the dividend declaration date, We will only change Your mode of dividend from the next dividend payout.
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Distribution of Dividend. Beginning on the first date on which the PUT Option shall be realized by Xxxxxxx and until after the passing of two years after the later of the two dates – five years from the signing of this Agreement and the End Date: Whenever Gadot distributes any dividend, Gadot shall pay Xxxxxxx dividends to the sum that it would have distributed for the shares allocated to Xxxxxxx, as if Xxxxxxx had realized the Options sold by Xxxxxxx to the Company in accordance with the accumulated PUT Option. For example: To the extent that after one quarter, Xxxxxxx activates the PUT Option in reference to 10,000 Options, Xxxxxxx shall receive dividends to the value of the sum that he would have received if he held 10,000 shares. To the extent that after the quarter, Xxxxxxx realizes another 10,000 Options, then from that date, Xxxxxxx shall be entitled to receive dividends for 20,000 shares and so on and so forth.
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Distribution of Dividend. If any dividend with respect to the Trust Stock is paid other than in stock of the Company or its affiliates or subsidiaries having voting powers, then the Trustee shall distribute the same among the holders of the Voting Trust certificates registered as such at the close of business on the date fixed by the Company for the taking a record to determine those holders of its stock entitled to receive such distribution. Such distributions shall be made to holders of Voting Trust Certificates ratably, in accordance with the number of shares represented by their respective Voting Trust Certificates.
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Distribution of Dividend. In the event of distribution of dividend in the excess of the Exercise Price plus an annual return of 50% from the Date of Commencement per share, an Exercise Period shall be established with opening day not later than 4 weeks prior to such decision to distribute such dividend has been finally adopted by the board of directors of the Company. During this Exercise Period, provided the Holder shall in accordance with Section 1.3 be in a Good Leaver Scenario, be entitled to exercise all Warrants represented hereby.
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Distribution of Dividend. 8.1 Up to 90 days from the Relevant Date NPE will prepare an audited financial statement as of March 31, 2003, which will include full provisions including for all the rights of NPE employees, the management fee debt, and the rights due to NMP for the period up to the relevant date and the reduction of inventory as mentioned clause 3.4 (hereinafter: “the Financial Statement”). In the framework of the Financial Statements an amortization will be included for the decline in value of the improvements to the plant’s rented premises according to the rules applying to NPE’s financial statements for 2002 and there will be no general amortization of the improvements to the rented premises. 8.2 Immediately after completing the Financial Statements NPE will distribute to Ogen and to NMP a dividend in amount equal to the accumulated profits of NPE according to the financial statement (hereinafter: “the dividend”). 8.3 The amount of the dividend will be paid by NPE to Ogen and to NMP in three monthly installments in equal amounts of 36%, 36% and 28% of the amount of the dividend respectively (being linked to the consumer price index according to the basic index known on March 31, 2003 until the date of payment), and this as of the end of the fourth month after relevant date up to the end of the sixth month from the relevant date. 8.4 Apart from its share in the dividend Ogen will not be entitled to any payment or other assets for the profits of NPE including for the period after the relevant date.
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Related to Distribution of Dividend

  • Distribution of Shares (a) Subject to the provisions of Paragraphs 6, 7, 10, 11, 12, 13 and 14 hereof, and to such minimum purchase and other requirements as may from time to time be indicated in the Fund's Prospectus, Distributor, acting as principal for its own account and not as agent for the Fund, shall have the right to purchase Shares from the Fund. Distributor shall sell Shares only in accordance with the Fund's Prospectus, on a "best efforts" basis. Distributor shall purchase Shares from the Fund at a price equal to the net asset value, shall sell Shares at the public offering price as defined in Paragraph 8, and shall retain all sales charges. (b) The Fund shall pay all expenses associated with notices, proxy solicitation material, the preparation of annual or more frequent revisions to the Fund's Prospectus and SAI and of printing and supplying the currently effective Prospectus and SAI to shareholders, other than those necessitated by Distributor's activities or rules and regulations related to Distributor's activities where such amendments or supplements result in expenses which the Fund would not otherwise have incurred. (c) The Distributor (or its affiliates) shall pay the costs of printing and supplying all copies of the Prospectus and SAI that it may reasonably request for use in connection with the distribution of Shares. The Distributor will also pay the expenses of the preparation, excluding legal fees, and printing of all amendments and supplements to the Fund's Prospectus and SAI if the amendment or supplement arises from Distributor's activities or rules and regulations related to Distributor's activities and those expenses would not otherwise have been incurred by the Fund. Distributor will pay all expenses incurred by Distributor in advertising, promoting and selling Fund Shares. (d) Prior to the continuous offering of any Fund Shares, commencing on a date agreed upon by the Fund and the Distributor, it is contemplated that the Distributor may solicit subscriptions for such Shares during a subscription period which shall last for such period as may be agreed upon by the parties hereto. The subscriptions will be payable within three business days after the termination of the subscription period, at which time the Fund will commence operations.

  • Declaration of Dividends Upon receipt of a written notice from an officer of the Fund declaring the payment of a dividend, the Transfer Agent shall disburse such dividend payments provided that in advance of such payment, the Fund furnishes the Transfer Agent with sufficient funds. The payment of such funds to the Transfer Agent for the purpose of being available for the payment of dividend checks from time to time is not intended by the Fund to confer any rights in such funds on the Fund’s Shareholders whether in trust or in contract or otherwise.

  • Distribution of Cash (a) Subject to Sections 5.02(c), (d) and (e), the Partnership shall distribute cash at such times and in such amounts as are determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in proportion with their respective Percentage Interests on the Partnership Record Date. (b) In accordance with Section 4.04(a)(ii), the LTIP Unitholders shall be entitled to receive distributions in an amount per LTIP Unit equal to the Common Partnership Unit Distribution. (c) If a new or existing Partner acquires additional Partnership Units in exchange for a Capital Contribution on any date other than a Partnership Record Date, the cash distribution attributable to such additional Partnership Units relating to the Partnership Record Date next following the issuance of such additional Partnership Units shall be reduced in the proportion to (i) the number of days that such additional Partnership Units are held by such Partner bears to (ii) the number of days between such Partnership Record Date and the immediately preceding Partnership Record Date. (d) Notwithstanding any other provision of this Agreement, the General Partner is authorized to take any action that it determines to be necessary or appropriate to cause the Partnership to comply with any withholding requirements established under the Code or any other federal, state or local law including, without limitation, pursuant to Sections 1441, 1442, 1445 and 1446 of the Code. To the extent that the Partnership is required to withhold and pay over to any taxing authority any amount resulting from the allocation or distribution of income to a Partner or assignee (including by reason of Section 1446 of the Code), either (i) if the actual amount to be distributed to the Partner (the “Distributable Amount”) equals or exceeds the Withheld Amount, the entire Distributable Amount shall be treated as a distribution of cash to such Partner, or (ii) if the Distributable Amount is less than the Withheld Amount, the excess of the Withheld Amount over the Distributable Amount shall be treated as a Partnership Loan from the Partnership to the Partner on the day the Partnership pays over such amount to a taxing authority. A Partnership Loan shall be repaid upon the demand of the Partnership or, alternatively, through withholding by the Partnership with respect to subsequent distributions to the applicable Partner or assignee. In the event that a Limited Partner fails to pay any amount owed to the Partnership with respect to the Partnership Loan within 15 days after demand for payment thereof is made by the Partnership on the Limited Partner, the General Partner, in its sole and absolute discretion, may elect to make the payment to the Partnership on behalf of such Defaulting Limited Partner. In such event, on the date of payment, the General Partner shall be deemed to have extended a General Partner Loan to the Defaulting Limited Partner in the amount of the payment made by the General Partner and shall succeed to all rights and remedies of the Partnership against the Defaulting Limited Partner as to that amount. Without limitation, the General Partner shall have the right to receive any distributions that otherwise would be made by the Partnership to the Defaulting Limited Partner until such time as the General Partner Loan has been paid in full, and any such distributions so received by the General Partner shall be treated as having been received by the Defaulting Limited Partner and immediately paid to the General Partner. Any amounts treated as a Partnership Loan or a General Partner Loan pursuant to this Section 5.02(d) shall bear interest at the lesser of (i) 300 basis points above the base rate on corporate loans at large United States money center commercial banks, as published from time to time in The Wall Street Journal, Eastern Edition, or (ii) the maximum lawful rate of interest on such obligation, such interest to accrue from the date the Partnership or the General Partner, as applicable, is deemed to extend the loan until such loan is repaid in full. (e) In no event may a Partner receive a distribution of cash with respect to a Partnership Unit if such Partner is entitled to receive a cash dividend as the holder of record of a REIT Common Share for which all or part of such Partnership Unit has been or will be redeemed.

  • Payment of Dividends Any dividend or other distribution payable in cash in respect of shares may be paid by cheque, made payable to the order of the person to whom it is sent, and mailed to the address of the shareholder, or in the case of joint shareholders, to the address of the joint shareholder who is first named on the central securities register, or to the person and to the address the shareholder or joint shareholders may direct in writing. The mailing of such cheque will, to the extent of the sum represented by the cheque (plus the amount of the tax required by law to be deducted), discharge all liability for the dividend unless such cheque is not paid on presentation or the amount of tax so deducted is not paid to the appropriate taxing authority.

  • PAYMENT OF DIVIDENDS OR DISTRIBUTIONS 1. Whenever the Fund shall determine to pay a dividend or distribution on Shares it shall furnish to Custodian Instructions or a Certificate setting forth with respect to the Series specified therein the date of the declaration of such dividend or distribution, the total amount payable, and the payment date. 2. Upon the payment date specified in such Instructions or Certificate, Custodian shall pay out of the money held for the account of such Series the total amount payable to the dividend agent of the Fund specified therein.

  • Coordination of Dividends After the date of this Agreement, each of Buyer and Company shall coordinate with the other the payment of dividends with respect to the Buyer Common Stock and Company Common Stock and the record dates and payment dates relating thereto, it being the intention of the parties that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to their shares of Company Common Stock or any share of Buyer Common Stock that any such holder receives in exchange for such shares of Company Common Stock in the Merger.

  • Accrual of Dividends For all Accounts, dividends will begin to accrue on noncash deposits (e.g., checks) on the business day you make the deposit to Your Account.

  • Adjustment for Certain Dividends and Distributions In the event the Company at any time, or from time to time after the Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event the Purchase Price then in effect immediately before such event shall be decreased as of the time of such issuance or, in the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Purchase Price then in effect by a fraction: (1) the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close of business on such record date, and (2) the denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend or distribution; provided, however, if such record date shall have been fixed and such dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the Purchase Price shall be recomputed accordingly as of the close of business on such record date and thereafter the Purchase Price shall be adjusted pursuant to this paragraph as of the time of actual payment of such dividends or distributions.

  • Adjustment for Other Dividends and Distributions If the Maker shall at any time or from time to time after the Closing Date (but whether before or after the Issuance Date) make or issue or set a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in other than shares of Common Stock, then, and in each event, an appropriate revision to the applicable Conversion Price shall be made and provision shall be made (by adjustments of the Conversion Price or otherwise) so that the Holder of this Note shall receive upon conversions thereof, in addition to the number of shares of Common Stock receivable thereon, the number of securities of the Maker or other issuer (as applicable) or other property that it would have received had this Note been converted into Common Stock in full (without regard to any conversion limitations herein) on the date of such event and had thereafter, during the period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable thereon during such period) or assets, giving application to all adjustments called for during such period under this Section 3.4(a)(iii) with respect to the rights of the holders of this Note; provided, however, that if such record date shall have been fixed and such dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the Conversion Price shall be adjusted pursuant to this paragraph as of the time of actual payment of such dividends or distributions.

  • Stock Dividend If the Company shall at any time declare a dividend payable in shares of Common Stock, then Holder, upon Exercise of this Warrant after the record date for the determination of holders of Common Stock entitled to receive such dividend, shall be entitled to receive upon Exercise of this Warrant, in addition to the number of shares of Common Stock as to which this Warrant is exercised, such additional shares of Common Stock as such Holder would have received had this Warrant been exercised immediately prior to such record date and the Exercise Price will be proportionately adjusted.

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