Unpaid Dividends. 26.3 If the full amount of a Class A Dividend is not declared on a BBU Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”). Any dividend payment made on the Class A Shares shall first be credited against the earliest Unpaid Dividends due with respect to such Class A Shares which remains payable.
Appears in 3 contracts
Samples: Rights Agreement (Brookfield Business Partners L.P.), Rights Agreement (Brookfield Business Partners L.P.), Rights Agreement (Brookfield Business Partners L.P.)
Unpaid Dividends. 26.3 If the full amount of a Class A Dividend is not declared on a BBU BEP Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”). Any dividend payment made on the Class A Shares shall first be credited against the earliest Unpaid Dividends due with respect to such Class A Shares which remains payable.. Payment of Dividends
Appears in 2 contracts
Samples: Rights Agreement (Brookfield Renewable Corp), Rights Agreement (Brookfield Renewable Corp)
Unpaid Dividends. 26.3 25.3 If the full amount of a Class A Dividend is not declared on a BBU BIP Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “"Unpaid Dividends”"). Any dividend payment made on the Class A Shares shall first be credited against the earliest Unpaid Dividends due with respect to such Class A Shares which remains payable.. Payment of Dividends
Appears in 2 contracts
Samples: Rights Agreement (Brookfield Infrastructure Partners L.P.), Rights Agreement (Brookfield Infrastructure Corp)
