Accruing Dividend definition

Accruing Dividend has the meaning specified in the definition of “PIK Dividend.”
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Accruing Dividend has the meaning sent forth in Section 4(b)(i).
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Accruing Dividend means the Series A Accruing Dividends and the Series A-1 Accruing Dividends (as such terms are defined in the Certificate of Incorporation of the Company) payable with respect to the Company Preferred Stock for the period after December 31, 2016 until May 31, 2017, such amount not to exceed two million four hundred and fifty thousand dollars ($2,450,000).
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Examples of Accruing Dividend in a sentence

  • When Accruing Dividend Shares are issued pursuant to this Section 2.1, such shares shall be deemed to be validly issued and outstanding and fully paid and non-assessable.

  • As to liquidation and dividends (other than with respect to the quarterly payment of the Series A-5 Accruing Dividend), each share of Series A-2 Stock shall rank equally with each other share of Series A-2 Stock and senior to all shares of Series A-3 Stock, Series A-4 Stock, Series A-5 Stock and Series A-6 Stock.

  • Series A-1 Stock Accruing Dividend: 8% per annum compounding annually and payable only upon liquidation, dissolution or winding up of the Company.

  • As to liquidation and dividends (other than with respect to the quarterly payment of the Series A-5 Accruing Dividend) each share of Series A-3 Stock, Series A-5 Stock and Series A-6 Stock shall rank equally with each other share of Series A-3 Stock, Series A5 and Series A-6 Stock and senior to all shares of Series A-4 Stock.

  • Any dividend paid to the holders of Series B-1 Preferred Stock pursuant to the preceding sentence shall be in addition to and not considered the payment of the Accruing Dividend.

  • Notwithstanding anything herein to the contrary, on or prior to a Series C Accruing Dividend Event, the Board may designate a date by which the Series C Accruing Dividend shall no longer accrue pursuant to Section 1(b); provided, that such date shall be no earlier than 14 days prior to the effectiveness of such Series C Accruing Dividend Event (the “Series C Accrual End Date”).

  • The corporation shall not pay the Accruing Dividend for one series of Preferred Stock without simultaneously paying the Accruing Dividend for each other series of Preferred Stock.

  • In the event that the Series C Accruing Dividend Event does not occur within 14 days of the Series C Accrual End Date determined by the Board, (i) the determination of such Series C Accrual End Date shall terminate and be of no further force or effect and the Board may determine a new Series C Accrual End Date pursuant to this Section 1(i), and (ii) the Series C Accruing Dividends will continue to accrue pursuant to Section 1(b) above as if no Series C Accrual End Date had not been designated.

  • Notwithstanding anything herein to the contrary, on or prior to a Series D Accruing Dividend Event, the Board may designate a date by which the Series D Accruing Dividend shall no longer accrue pursuant to Section 1(a); provided, that such date shall be no earlier than 14 days prior to the effectiveness of such Series D Accruing Dividend Event (the “Series D Accrual End Date”).

  • In the event that the Series D Accruing Dividend Event does not occur within 14 days of the Series D Accrual End Date determined by the Board, (i) the determination of such Series D Accrual End Date shall terminate and be of no further force or effect and the Board may determine a new Series D Accrual End Date pursuant to this Section 1(h), and (ii) the Series D Accruing Dividends will continue to accrue pursuant to Section 1(a) above as if the initial Series D Accrual End Date had not been designated.


More Definitions of Accruing Dividend

Accruing Dividend is defined in the Certificate of Designation.
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Related to Accruing Dividend

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Dividend Rate has the meaning set forth in the Statement.

  • Special Dividend Period means a Dividend Period consisting of (i) a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364 or (ii) a specified period of one whole year or more but not greater than five years (in each case subject to adjustment as provided in paragraph 2(b)(i)).

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Initial Dividend Period means the dividend period commencing on the Issue Date and ending on the first Dividend Payment Date to occur thereafter.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • 7-Day Dividend Period means a Dividend Period consisting of seven days.

  • Liquidation Preference Amount means $25,000 per share of Series C Preferred Stock.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Quarterly Dividend Period means the quarterly period commencing on and including a Dividend Payment Date and ending on and including the day immediately preceding the next subsequent Dividend Payment Date.

  • Rights Dividend Declaration Date shall have the meaning set forth in the recitals to this Agreement.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • Series A Liquidation Preference means $25.00 per Series A Preferred Mirror Unit. The Series A Liquidation Preference shall be the “Liquidation Preference” with respect to the Series A Preferred Mirror Units.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Dividend Date means, in respect of a Preference Share, a date specified in the Issue Resolution on which a Dividend in respect of that Preference Share is payable.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.