Common use of Dividend Payment Clause in Contracts

Dividend Payment. In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will pay to Counterparty the Dividend Amount on the second Currency Business Day immediately following the Dividend Payment Date. Dividend Amount: (a) 100% of the per Share amount of any cash dividend declared by Counterparty to holders of record of a Share on any record date occurring during the period from, and including, the Effective Date to, but excluding, the Settlement Date (net of any applicable deductions by reason of taxes), multiplied by (b) the Number of Shares on such record date (after giving effect to any reduction on such record date, if such record date is a Settlement Date). Dividend Payment Date: Each date on which the relevant Dividend Amount is paid by Counterparty to shareholders of record.

Appears in 2 contracts

Samples: Physical Delivery Share Forward Transaction (Maxeon Solar Technologies, Ltd.), Physical Delivery Share Forward Transaction (Sunpower Corp)

AutoNDA by SimpleDocs

Dividend Payment. In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will pay to Counterparty the Dividend Amount on the second third Currency Business Day immediately following the Dividend Payment Date. Dividend Amount: (a) 100% of the per Share amount of any cash dividend declared by Counterparty the Issuer to holders of record of a Share on any record date occurring during the period from, and including, the Effective Date to, but excluding, the final Settlement Date (net of any applicable deductions by reason of taxes)Date, multiplied by (b) the Number of Shares on such record date (after giving effect to any reduction on such record date, if such record date is a Settlement Date). Dividend Payment Date: Each date on which the relevant Dividend Amount is paid by Counterparty the Issuer to shareholders of record.. Share Adjustments:

Appears in 2 contracts

Samples: Forward Stock Purchase Transaction (Gogo Inc.), Forward Stock Purchase Transaction (Gogo Inc.)

AutoNDA by SimpleDocs

Dividend Payment. In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will pay to Counterparty the Dividend Amount on the second Currency Business Day immediately following the Dividend Payment Date. Dividend Amount: (a) 100% of the per Share amount of any cash dividend declared by Counterparty to holders of record of a Share on any record date occurring during the period from, and including, the Effective Date to, but excluding, the final Settlement Date (net of any applicable deductions by reason of taxes), multiplied by (b) the Number of Shares on such record date (after giving effect to any reduction on such record date, if such record date is a Settlement Date). Dividend Payment Date: Each date on which the relevant Dividend Amount is paid by Counterparty to shareholders of record.

Appears in 1 contract

Samples: Prepaid Forward Share Purchase Transaction (Sunpower Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!