Dividend Rights. Each Class A Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A Share in an amount in cash for each Class A Share equal to the cash distribution declared on each BBU Unit on each BBU Distribution Declaration Date multiplied by the Conversion Factor in effect on the Record Date of such dividend (the “Class A Dividend”), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.
Appears in 4 contracts
Samples: Rights Agreement (BROOKFIELD Corp /On/), Rights Agreement (Brookfield Business Partners L.P.), Rights Agreement (Brookfield Business Partners L.P.)
Dividend Rights. Each Class A Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A Share in an amount in cash for each Class A Share equal to the cash distribution declared on each BBU BEP Unit on each BBU BEP Distribution Declaration Date multiplied by the Conversion Factor in effect on the Record Date of such dividend (the “Class A Dividend”), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.
Appears in 2 contracts
Samples: Rights Agreement (Brookfield Renewable Corp), Rights Agreement (Brookfield Renewable Corp)
Dividend Rights. Each Class A Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A Share in an amount in cash for each Class A Share equal to the cash distribution declared on each BBU BIP Unit on each BBU BIP Distribution Declaration Date occurring after the first date of issuance of the Class A Shares multiplied by the Conversion Factor in effect on the Record Date of such dividend (the “Class A Dividend”), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.
Appears in 2 contracts
Samples: Rights Agreement, Rights Agreement (Brookfield Infrastructure Corp)
Dividend Rights. Each Class A Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A Share in an amount in cash for each Class A Share equal to the cash distribution declared on each BBU BIP Unit on each BBU BIP Distribution Declaration Date multiplied by the Conversion Factor in effect on the Record Date of such dividend (the “"Class A Dividend”"), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.
Appears in 2 contracts
Samples: Rights Agreement (Brookfield Infrastructure Partners L.P.), Rights Agreement (Brookfield Infrastructure Corp)
Dividend Rights. Each Class A Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A Share in an amount in cash for each Class A Share equal to the cash distribution declared on each BBU BEP Unit on each BBU BEP Distribution Declaration Date occurring after the first date of issuance of the Class A Shares multiplied by the Conversion Factor in effect on the Record Date of such dividend (the “Class A Dividend”), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.
Appears in 1 contract
Dividend Rights. Each Class A A.2 Shareholder shall be entitled to receive, and the Company shall pay thereon, as and when declared by the board of directors, a dividend on each Class A A.2 Share in an amount in cash for each Class A A.2 Share equal to the cash distribution declared on each BBU BEP Unit on each BBU BEP Distribution Declaration Date multiplied by occurring after the Conversion Factor in effect on first date of issuance of the Record Date of such dividend (the “Class A Dividend”), it being understood that Class A Shareholders will not be entitled to any dividends other than the Class A Dividend.Class
Appears in 1 contract
Samples: Arrangement Agreement
