Common Dividend definition
Examples of Common Dividend in a sentence
The amount of cash received in respect of a share of Series A Preferred Stock in connection with the preceding sentence shall be such share’s “Participating Dividend Amount” in respect of such Common Dividend.
Participating Dividends shall be payable to Holders on the record date for such Common Dividend at the same time and in the same manner as the Common Dividend triggering such Participating Dividend is paid.
If the Corporation shall have received, prior to the 10th day following the date of such notice from the Corporation (the "Determination Date"), notices from the Requisite Preferred Shareholders electing the Cash Election, then the holders of record of Convertible Preferred Stock as of the Determination Date shall be entitled to receive, out of funds legally available therefor, the Common Dividend in accordance with clause (i).
Notwithstanding anything to the contrary herein, no Significant Common Shareholder shall have any liability under any provision of this Agreement or as a result of the transactions contemplated hereby in excess of the aggregate amount of cash proceeds received by such Significant Common Shareholder from the Common Dividend and upon the exchange of such Significant Common Shareholder’s Financing Warrants pursuant to the Exchange Offer.
If the Company pays any Common Dividend during any quarter ending on an Interest Payment Date, the Coupon Rate in effect for such quarter shall automatically increase by the Common Rate.
In making its determination of the Common Dividend and Per Share Dividend, the Pre-Closing Board may use such judgments as it determines in good faith and the Pre-Closing Board’s determination of the actual Common Dividend and Per Share Dividend shall be final, conclusive and binding.
Upon the payment of any dividend in respect of the common stock (a "Common Dividend"), there shall be paid in respect of each share of Preferred Stock a dividend equal to the amount of the Common Dividend which shall be payable in respect of the number of shares of common stock into which such share of Preferred Stock shall then be convertible.
For purposes of this Section 4.2, “Net Cash Proceeds” with respect to any Cash Recipient or Significant Common Shareholder means the aggregate amount of cash proceeds received by such Cash Recipient (or Significant Common Shareholder) in connection with the Common Dividend (net of the exercise price of any options or warrants exercised as of the record date for such Common Dividend) and the Warrant Exchange.
Participating Cash Dividends shall be payable to Holders on the record date for such Common Dividend at the same time and in the same manner as the Common Dividend triggering such Participating Cash Dividend is paid.
The Corporation shall notify each holder of Convertible Preferred Stock within two Business Days following the date on which the Board declares a Common Dividend, which notice shall specify the amount of such dividend per share of such Common Stock.