Issue of Underlying Common Shares and Payment of Dividend Equivalent Sample Clauses

Issue of Underlying Common Shares and Payment of Dividend Equivalent. (a) If the Acquisition Closing occurs prior to the Acquisition Deadline, the Underlying Common Shares shall be, and shall be deemed to be, automatically issued at the Issue Time to the Receiptholders notwithstanding that a Book-Entry System customer confirmation in a holder’s account may not yet have been so entered and there has not been delivery of a physical share certificate representing, or electronic delivery of, the Underlying Common Shares registered in the name of the holders, and each Receiptholder shall automatically receive, without any further action required by such Receiptholder and without the payment of any additional consideration, one Underlying Common Share for each Subscription Receipt held by such Receiptholder (subject to any applicable adjustments), together with an amount equal to the Dividend Equivalent, if any, less any applicable withholding taxes; provided that to the extent that the Dividend Equivalent represents amounts in respect of cash distributions on the Underlying Common Shares for which record dates have occurred and have not yet been paid, such amounts shall not be payable to Receiptholders, unless the Corporation otherwise elects, until the date that such related cash distribution(s) is(are) paid to the holders of Common Shares, and such Receiptholder shall be deemed to have become the holder of record of such Underlying Common Shares as of the Acquisition Closing Date. Each Receiptholder shall be entitled to be paid by the Corporation the Dividend Equivalent, if any, less any applicable withholding taxes, which will be comprised of (i) an amount paid by the Corporation as interest to the extent of a pro rata portion of the Earned Interest, and (ii) if the Dividend Equivalent exceeds the amount in (i) the excess will be paid by the Corporation by way of a pro rata portion of the Proceeds to which the Corporation would otherwise have been entitled under Section 3.1, as a refund of the Subscription Price. The Corporation hereby agrees to cause any amounts to be paid to Receiptholders pursuant to this Section 3.3 on the second Business Day following the Acquisition Closing Date or the date the related cash distribution(s) is(are) paid to holders of Common Shares, as applicable.
Sample 1
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Related to Issue of Underlying Common Shares and Payment of Dividend Equivalent

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • 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.

  • Dividend Policy Pursuant to the Prospectus, the Company may issue distributing and accumulating share classes. The Company will not declare dividends and distributions will not be made in respect of accumulating share classes; and income and other profits will be accumulated and reinvested. Dividends declared on distributing share classes will be paid out of the total income of the applicable share class net of any relevant expenses. Dividends will normally be declared on the shares of distributing share classes with a view to being paid either monthly, quarterly or semi- annual frequencies. The details regarding the distribution frequencies of various share classes shall be disclosed to investors and prospective investors.

  • Grant Amount The maximum amount payable by the State under this Agreement shall not exceed $2,000,000

  • National Stock Number (NSN) The National Stock Number (NSN) for an item of supply consists of the applicable four-position Federal Supply Class (FSC) plus the applicable nine-position NIIN assigned to the item of supply. (End of text) C-204-H001 USE OF NAVY SUPPORT CONTRACTORS FOR OFFICIAL CONTRACT FILES (NAVSEA) (OCT 2018)

  • Billing for Treatment and Payment Restrictions Grantees will;

  • Common Stock 1 Company........................................................................1

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Conditions to Payment, Transfer or Exchange Freddie Mac, its agent or any other person potentially required to withhold with respect to payments on a Note shall have the right to require a Holder of a Note, as a condition to payment of principal of or interest on such Note, or as a condition to transfer or exchange such Note, to present at such place as Freddie Mac, its agent or such other person shall designate a certificate in such form as Freddie Mac, its agent or such other person may from time to time prescribe, to enable Freddie Mac, its agent or such other person to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Freddie Mac, the Global Agent, the Exchange Administrator or such other person, as the case may be, may be required to deduct or withhold from payments in respect of such Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof; and (ii) any reporting or other requirements under such laws, regulations or interpretations. Freddie Mac, its agent or such other person shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

  • 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.

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