Annual Dividend Amount definition

Annual Dividend Amount for each Dividend Period means:
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Annual Dividend Amount means: A X B, where
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Annual Dividend Amount means the amount of dividends payable on each Senior Preferred Share in any year in accordance with Section 7(a);
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Examples of Annual Dividend Amount in a sentence

  • In the event of a conversion of share(s) of Series A Preferred Stock pursuant to this Section 5(b), the holder whose shares are so converted shall not be entitled to receive, in respect of the share(s) of Series A Preferred Stock so converted, the relevant pro rata amount of the Annual Dividend Amount which may have been attributable to such shares of Series A Preferred Stock in respect of the Dividend Year in which the Optional Conversion Date occurs.

  • For the avoidance of doubt, the Annual Dividend Amount shall be payable in full and shall not be subject to prorating notwithstanding any Dividend Year being longer or shorter than twelve (12) months.

  • The Annual Dividend Amount shall be paid in either cash or shares of Common Stock, as determined by the Board of Directors.

  • The Annual Dividend Amount shall be paid on the Payment Date and shall be allocated among the holders of shares of Series A Preferred Stock pro rata based on the number of shares of Series A Preferred Stock held by them on the relevant Dividend Date.

  • In addition, in the event of any such adjustments, exchanges or substitution, the aggregate number of shares of Stock available under the Plan, the Base Annual Dividend Amount, and the Grant Date Market Value shall be appropriately and equitably adjusted, as determined by the Board in its reasonable discretion.

  • In subsequent years, the Founder Preferred Shares Annual Dividend Amount will be calculated based upon the volume weighted average price for the last ten trading days of the year and the appreciated average share price compared to the highest price previously used in calculating the Founder Preferred Shares Annual Dividend Amount.

  • At the time of conversion of any Series C Preferred Shares upon a Qualified IPO consummated prior to April 23, 2002 pursuant to Article 7(5)(g), the Series C Cumulative Annual Dividend Amount shall not be payable by the Company and shall be deemed forfeited as of the effective date of such event.

  • Upon consummation of the transactions contemplated by this Agreement and in accordance with the terms of the Current Certificate, the Company shall have paid the Series C Cumulative Annual Dividend Amount in shares of Common Stock and satisfied its obligations relating thereto.

  • At the time of conversion of any Series B Preferred Shares upon a Qualified IPO pursuant to Article 7(5)(g) or in the event of a Qualified Private Offering, the Series B Cumulative Annual Dividend Amount shall not be payable by the Company and shall be deemed forfeited as of the effective date of such event.

  • The Annual Dividend Amount, to the extent not paid in cash on the dividend payment date, shall be paid in additional Senior Preferred Shares (“PIK Shares”).


More Definitions of Annual Dividend Amount

Annual Dividend Amount means six (6%) percent of the Stated Value of a share of the Series B Convertible Preferred Stock per annum.
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Annual Dividend Amount has the meaning set forth in the Corporation’s Charter.
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Annual Dividend Amount means the amount calculated as follows: A X B, where
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Annual Dividend Amount means, as of any date of determination, an amount equal (a) during the fiscal year ending December 31, 2016, $0.92 (or such greater amount as agreed to by Agent in its sole discretion), (b) during the fiscal year ending December 31, 2017, $1.01 (or such greater amount as agreed to by Agent in its sole discretion), (c) during the fiscal year ending December 31, 2018, $1.11 (or such greater amount as agreed to by Agent in its sole discretion), and (d) during the fiscal year ending December 31, 2019 and each fiscal year thereafter, $1.22 (or such greater amount as agreed to by Agent in its sole discretion).
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Annual Dividend Amount means, as of any date of determination, an amount equal (a) during the fiscal year ending December 31, 2014, $0.76 (or such greater amount as agreed to by Agent in its sole discretion), (b) during the fiscal year ending December 31, 2015, $0.84 (or such greater amount as agreed to by Agent in its sole discretion), (c) during the fiscal year ending December 31, 2016, $0.92 (or such greater amount as agreed to by Agent in its sole discretion), (d) during the fiscal year ending December 31, 2017, $1.01 (or such greater amount as agreed to by Agent in its sole discretion), (e) during the fiscal year ending December 31, 2018, $1.11 (or such greater amount as agreed to by Agent in its sole discretion) and (f) during the fiscal year ending December 31, 2019, $1.22 (or such greater amount as agreed to by Agent in its sole discretion).
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Annual Dividend Amount for each Dividend Period means:
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Related to Annual Dividend Amount

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

  • 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.

  • 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.

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

  • 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.