Closing Dividend definition

Closing Dividend has the meaning given to it in Clause 2.2;
Closing Dividend means a dividend on the common stock of the Company, to be paid as set forth in Section 5.15, in an amount equal to the estimated excess of (i) the amount of the Statutory Capital over (ii) the Statutory Capital Target.
Closing Dividend has the meaning set forth in Section 2.03.

Examples of Closing Dividend in a sentence

  • Accordingly, the extent to which a KW dividend reduces the Closing Dividend will be determined by converting the dollar amount into Pounds using the exchange rate as at close of business on the Business Day immediately prior to the first KW dividend payment.

  • However, the provision of an advocate, even where they have family or others who can facilitate the person’s involvement, may be required by the Care Act and appropriate in certain circumstances, for example where they are at risk of harm.

  • Subject to the making or obtaining of any approvals, consents or authorizations of any Governmental Authority and applicable Law, Parent shall use its reasonable best efforts to cause the Company to pay to Parent the Closing Dividend prior to the Closing Date.

  • The Closing Dividend will be payable not later than 10 January 2018.

  • Further details about the Closing Dividend will be included in the Scheme Document.


More Definitions of Closing Dividend

Closing Dividend has the meaning set forth in Section 2.17.
Closing Dividend means a special cash distribution to the Unitholders pro rata in respect of their outstanding Units that may be made by the Company, at the sole discretion of the Managers of the Company, prior to Closing from that portion, if any, of the Company's cash and cash equivalents that exceeds $2,000,000 (Two Million U.S. Dollars), after taking into account all Transaction Expenses to be paid at or prior to the Closing. Such dividend will be in addition to any distribution made by the Company with respect to taxes payable by Unitholders with respect to taxable income for 2005.
Closing Dividend means the Dividends paid (a) on the Closing Date by the Borrower to Holdings and by Holdings to the holders of its Equity Interests in an amount not to exceed $74,000,000 and (b) on or before June 30, 2009 by the Borrower to Holdings and by Holdings to the holders of its Equity Interests in an amount not to exceed Available Cash.”
Closing Dividend means a dividend that is declared and paid by Bank immediately prior to the Effective Time in respect of the quarterly period, if any, (a) that contains the Closing Date and (b) in respect of which no dividend has otherwise been accrued, declared or paid, in an aggregate amount paid to all holders of Bank Common Stock equal to (i) the sum of (x) the amount Bank was permitted to pay, in the aggregate, as dividends pursuant to Section 5.2(b)(ii)(A) plus (z) the product of (A) the number of outstanding shares of Bank Common Stock immediately prior to the Closing, (B) $0.152 per share of Bank Common Stock and (C) the fraction the numerator of which is the number of days in the period commencing on the first day of such quarterly period and ending on the Closing Date and the denominator of which is the total number of days in such quarterly period minus (ii) the aggregate amount of dividends declared and/or paid by Bank as permitted by Section 5.2(b)(ii)(A).
Closing Dividend has the meaning given in Section Error! Reference source not found.. "Common Shares" means the Class A common shares of the Company of USD 1.00 each. "Company Secretary" has the meaning given in Section 4.1(i)(i).
Closing Dividend means a distribution of the Excluded Assets existing immediately prior to the Closing to the Seller.
Closing Dividend means a cash dividend by the Company to Triarc Parent on the Closing Date (and/or on a later date as provided in clauses (i) and (iii) below) consisting of: (i) the net proceeds from the offering of the Notes and the borrowings of term loans under the Credit Agreement made on the Closing Date (to the extent such proceeds exceed the amount necessary to repay all amounts outstanding under Triarc Beverage's existing credit agreement and RC/Arby's existing notes, to fund the purchase price for the acquisition of a Snapple distributor and the assets of a Stewart's distributors and to pay related fees and expenses); provxxxx xxxt all or a portion of the excess proceeds of term loan borrowings may also be dividended to Triarc Parent within thirty-five days after the Closing Date; (ii) any amount contributed by Triarc Parent to fund the purchase price for the acquisition of a Snapple distributor and the assets of a Stewart's distributor, if such purchase occurred prior to the Closing Xxxx; xxd (iii) all cash and cash equivalents of the Company and its Subsidiaries (other than RC/Arby's and its Subsidiaries) as of the Closing Date, determined on a consolidated basis, to the extent such cash and cash equivalents exceed $2 million in the aggregate (and all cash and cash equivalents of RC/Arby's and its Subsidiaries as of the Closing Date, determined on a consolidated basis, to be paid on the date of the redemption of RC/Arby's existing notes).