Examples of Class A Dividend Payment Date in a sentence
Declared dividends shall be payable on the relevant Class A Dividend Payment Date to Class A Members on the immediately preceding Class A Record Date, unless the Class A Preferred Shares held by such Class A Members on such Class A Record Date are converted into Ordinary Shares after such Class A Record Date and on or prior to the immediately succeeding Class A Dividend Payment Date.
Declared dividends on the Class A Preferred Shares shall be payable annually on each Class A Dividend Payment Date at such annual rate, and dividends shall accumulate from the Initial Issue Date to the extent not paid.
Except as described in the first sentence of this paragraph, upon any Early Conversion of any Class A Preferred Shares, the Company shall make no payment or allowance for undeclared dividends on such Class A Preferred Shares, unless such Early Conversion occurs after the Class A Record Date for a declared dividend and on or prior to the immediately succeeding Class A Dividend Payment Date.
Except as described in the first sentence of this paragraph, upon any Mandatory Conversion of any Class A Preferred Shares, the Company shall make no payment or allowance for undeclared dividends on such Class A Preferred Shares, unless such Mandatory Conversion occurs after the Class A Record Date for a declared dividend and on or prior to the immediately succeeding Class A Dividend Payment Date.
If a Class A Dividend Payment Date is not a Business Day, payment shall be made on the next succeeding Business Day, without any interest or other payment in lieu of interest accruing with respect to this delay.Dividends payable on the Class A Preferred Shares for any Class A Dividend Period, including any partial Class A Dividend Period, shall be computed based upon the actual number of days elapsed during such period over a 360-day year (consisting of twelve 30-day months).
Accumulated unpaid dividends for any past Class A Dividend Period may be declared by the board of directors (or an Authorized Board Committee) and paid on any date fixed by the board of directors (or an Authorized Board Committee), whether or not a regular Class A Dividend Payment Date, to holders of record on the books of the Corporation on such record date as may be fixed by the board of directors (or an Authorized Board Committee).
Each such dividend declared by the Board of Directors on the Class A Preferred Stock shall be paid to the holders of record of shares of the Class A Preferred Stock as they appear on the Stock Register on the record date which shall be the business day next preceding a Class A Dividend Payment Date.
Notwithstanding anything to the contrary contained herein, from and after July 15, 2001, the Class A Dividend Rate shall increase to 10% per annum on the Class A Liquidation Preference of the shares of Class A Preferred Stock, and thereafter, the Class A Dividend Rate shall increase by an additional 2% per annum on each successive Class A Dividend Payment Date.
Not later than noon on the business day immediately preceding each Class A Dividend Payment Date, the Corporation shall set aside a sufficient number of shares of Class A Preferred Stock for the payment of declared dividends and shall deliver such shares of Class A Preferred Stock to the holders of shares of Class A Preferred Stock as of the record date for such dividend in payment of such declared dividends on such Class A Dividend Payment Date.
The Corporation's right to redeem shares of Class B Preferred Stock pursuant to this Section B(6) is further subject to the requirement that all preferred dividends on the Class A Preferred Stock shall have been paid through the Class A Dividend Payment Date immediately preceding the Class B Redemption Date or Dilutive Issue Redemption Date, as applicable.