Accruing Dividends definition

Accruing Dividends means, with respect to each share of VWE’s Series B capital stock, dividends at the rate per annum per share equal to five percent (5%) of the Series B Original Issue Price thereof that accrue on such share from and after the date of the issuance of such share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to VWE’s Series B capital stock);

Accruing Dividends means, as of any date, with respect to any share of Series B Preferred Stock, all dividends that have accrued on such share, whether or not declared, but that have not, as of such date, been paid (or not yet accreted).

Accruing Dividends means, (i) with respect to any Class F-1 Preferred Unit as of any determination time, the amount accruing on such Class F-1 Preferred Unit, calculated on a daily basis, whether or not declared and whether or not the Company has assets legally available to make payment thereof, at the rate of (x) five and one-half percent (5.5%) divided by (y) three hundred sixty five (365), compounded quarterly on each three (3)-month anniversary of the Class F-1 Original Issue Date, on the Class F-1 Adjusted Issue Price, (ii) with respect to any Class F-2 Preferred Unit as of any determination time, the amount accruing on such Class F-2 Preferred Unit, calculated on a daily basis, whether or not declared and whether or not the Company has assets legally available to make payment thereof, at the rate of (x) five and one-half percent (5.5%) divided by (y) three hundred sixty five (365), compounded quarterly on each three (3)-month anniversary of the Class F-2 Original Issue Date, on the Class F-2 Adjusted Issue Price, (iii) with respect to any Class F-3 Preferred Unit as of any determination time, the amount accruing on such Class F-3 Preferred Unit, calculated on a daily basis, whether or not declared and whether or not the Company has assets legally available to make payment thereof, at the rate of (x) five and one-half percent (5.5%) divided by (y) three hundred sixty five (365), compounded quarterly on each three (3)-month anniversary of the Class F-3 Original Issue Date, on the Class F-3 Adjusted Issue Price and (iv) with respect to any Class F-4 Preferred Unit as of any determination time, the amount accruing on such Class F-4 Preferred Unit, calculated on a daily basis, whether or not declared and whether or not the Company has assets legally available to make payment thereof, at the rate of (x) five and one-half percent (5.5%) divided by (y) three hundred sixty five (365), compounded quarterly on each three (3)-month anniversary of the Class F-4 Original Issue Date, on the Class F-4 Adjusted Issue Price.

Examples of Accruing Dividends in a sentence

• Accruing Dividends shall accrue from day to day, whether or not declared, and shall be cumulative.

• Accruing Dividends shall accrue from day to day, whether or not earned or declared, and shall be cumulative.

• Accruing Dividends shall accrue from the Issue Date (whether or not the Corporation has earnings, there are funds legally available therefor or such dividends are declared) and shall be fully cumulative.

• Accruing Dividends shall not be payable unless and until all accrued but unpaid dividends with respect to any Senior Stock then outstanding have been paid in full.

• Accruing Dividends shall accrue from day to day, whether or not declared, and shall be cumulative; provided, however, that except as set forth in the following sentence of this Section 1 or in Subsection 2.1, such Accruing Dividends shall be payable only when, as, and if declared by the Board of Directors and the Corporation shall be under no obligation to pay such Accruing Dividends.

• Accruing Dividends shall accrue from day to day, whether or not declared, and shall be cumulative; provided however, that except as set forth in the following sentence of this Section 1 or in Subsection 2.1, such Accruing Dividends shall be payable only when, as, and if declared by the Board of Directors and the Corporation shall be under no obligation to pay such Accruing Dividends.

• Accruing Dividends shall accrue from day to day, whether or not declared, and shall be cumulative; provided, however, that except as set forth in the following sentence of this Section 1 or in Subsection 2.1 and Section 6, such Accruing Dividends shall be payable only when, as, and if declared by the Board of Directors and the Corporation shall be under no obligation to pay such Accruing Dividends.

• The Corporation shall only pay the Holder the Accruing Dividends upon a Liquidation Event (as hereinafter defined) or when otherwise declared by the Board of Directors of the Corporation.

• No cash dividends shall be paid on the Common Stock unless the Preferred Accruing Dividends are paid.

• The Preferred Accruing Dividends shall accrue from day to day, whether or not declared, and shall be cumulative and non-compounding; provided, however, that such Preferred Accruing Dividends shall be payable only when, as, and if declared by the Board of Directors and the Corporation shall be under no obligation to pay such Preferred Accruing Dividends.

More Definitions of Accruing Dividends

Accruing Dividends has the meaning specified in paragraph 3 of Article FOURTH of the Company's Certificate of Incorporation as in effect on the date hereof.

Accruing Dividends means, for a particular share of Company Series A-1 Preferred Stock, Company Series A-2 Preferred Stock, Company Series B Preferred Stock, Company Series C Preferred Stock or Company Series C-1 Preferred Stock, the applicable Accruing Dividend as defined in Article Fourth, Section B.1. of the Company’s Certificate of Incorporation.

Accruing Dividends means, for a particular share of Series A Preferred or Series B Preferred, the applicable Accruing Dividends as defined in Article Fourth, Section B.1 of the Certificate of Incorporation for the date of issuance of such share of Series A Preferred or Series B Preferred, as applicable.

Accruing Dividends shall have the meanings given to such term in the Restated Charter, as the same may be amended and/or restated from time to time.