Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, the Corporation may elect to pay any dividend on the Preferred Stock: (i) in cash; (ii) by delivery of shares of Common Stock; or (iii) through any combination of cash and Common Stock.
Method of Payment of Dividends. (a) Subject to the limitations described below, any declared dividend (or any portion of any declared dividend) on the Mandatory Convertible Preferred Stock, whether or not for a current Dividend Period or any prior Dividend Period, including in connection with the payment of declared and unpaid dividends pursuant to Sections 5, 6 and 7, may be paid by the Corporation, as determined in good faith by the Corporation:
Method of Payment of Dividends. (a) The Corporation will pay any dividend on the Series A Preferred Stock for a current dividend period or any prior dividend period (including in connection with the payment of declared and unpaid dividends pursuant to Section 5, Section 8, and Section 9), at the Corporation’s sole election, either: (i) in cash, (ii) by delivery of shares of Series A Preferred Stock or (iii) through a combination of cash and shares of Series A Preferred Stock.
Method of Payment of Dividends. Prior to the fifth anniversary of the date hereof, the Company may elect to pay any declared dividend on the Series I Preferred Stock (in accordance with the applicable Stockholder Instructions) in any one of the following manners:
Method of Payment of Dividends. (a) Subject to the restrictions set forth herein, dividends on the Redeemable Convertible Preferred Stock may be paid, as determined in the Company’s sole discretion:
Method of Payment of Dividends. The Corporation will pay any dividend on the Series B Preferred Stock for a current dividend period or any prior dividend period (including in connection with the payment of declared and unpaid dividends pursuant to Section 5 and Section 10) in cash. All payments to which a Holder is entitled in connection with a dividend declared on the Series B Preferred Stock will be rounded to the nearest cent.
Method of Payment of Dividends. (i) Dividends shall be payable quarterly and shall compound quarterly and accrue, whether or not earned or declared, from the most recent date on which Dividends have been paid, or, if no Dividends have been paid, from March 16, 2024.
Method of Payment of Dividends. Dividends paid pursuant to Section 24.7(c)(i) shall be satisfied by the issuance to the Holder of that number of fully paid and non assessable Series V Special Shares having an aggregate Paid Up Amount equal to the amount of the dividend payable pursuant to such Section (rounded down to the nearest US $100 dollars (if applicable)). In the event that any quarterly dividend payable pursuant to Section 24.7(c)(i) is not paid at the time specified in Section 24.7(c)(i), any dividends paid or payable thereafter shall be calculated, declared and paid on the assumption that all such accrued cumulative dividends have been paid and that the relevant Series V Special Shares to be issued by way of dividend have been duly issued to the Holder. Dividends paid pursuant to Section 24.7(c)(ii) shall be in the form of the dividend declared in favour of the holders of Common Shares.
Method of Payment of Dividends. Dividends on the Convertible Preferred Stock may be paid in cash or, where freely transferable by any non-affiliate recipient thereof, shares of EXXI common stock, or a combination thereof. If EXXI elects to make any payment, or any portion thereof, in shares of EXXI common stock, such shares shall be valued for such purpose at 95% of the Market Value of EXXI common stock as determined on the second trading day immediately prior to the record date for such dividend. EXXI will give the holders of the notes notice of any such election 15 business days prior to the record date for such dividend Conversion Premium: Approximately 20% above the Price to Public in the concurrent Common Stock Offering Initial Conversion Rate: 43.8596 shares of EXXI common stock per share of Convertible Preferred Stock (subject to adjustment) Initial Conversion Price: Approximately $2.28 per share of EXXI common stock (subject to adjustment) Conversion Rate Adjustment: Standard adjustments to Conversion Rate and Conversion Price for dilutive events. Redemption Rights: Convertible Preferred Stock will not be redeemable by EXXI
Method of Payment of Dividends. Cash Conversion Premium: Approximately 20% above the price to public in the Common Stock Offering. Initial Conversion Rate: 0.8460 shares of HCN common stock per share of Series I Preferred Stock (subject to adjustment).