Accumulated Stated Value means, as of the relevant date, an amount per Share equal to (a) the Stated Value of such Share as of such date plus (b) any declared but unpaid Dividends on such Share for the most recent Dividend Period as of such date (to the extent not part of the Stated Value of such Share as of such date) plus (c) the amount of accumulated and unpaid Dividends on such Share from the last Dividend Payment Date to, but not including, such date (to the extent not part of the Stated Value of such Share as of such date).
Accumulated Stated Value means as of any date with respect to any Convertible Preferred Share, the Original Issue Price thereof, plus accumulated Compounded Dividends thereon.
Accumulated Stated Value means, as of the relevant date, an amount per Share equal to (a) the Stated Value of such Share as of such date plus (b) any declared but unpaid Dividends on such Share for
Examples of Accumulated Stated Value in a sentence
All accrued but unpaid dividends on any Share shall, unless declared and paid in cash pursuant to Section 4.2, compound quarterly on the last day of March, June, September and December of each calendar year and shall be added to the then current Accumulated Stated Value.
All dividends that the Corporation does not elect to declare and pay in cash shall compound quarterly pursuant to Section 4.1 on the last day of such quarterly period and shall be added to the then current Accumulated Stated Value (“Compounded Dividends”).
For the avoidance of doubt, the payment of a Participating Dividend with respect to a Share of Series B Preferred Stock shall not reduce or otherwise effect the Accumulated Stated Value of such Share.
More Definitions of Accumulated Stated Value
Accumulated Stated Value has the meaning set forth in Section 18.03(a).
Accumulated Stated Value has the meaning set forth in Section 4.1.