Compounded Dividends definition
Compounded Dividends has the meaning set forth in Section 4.1.
Compounded Dividends means, with respect to any share of Preferred Stock, as of any date of determination, (a) if a Preferred Dividend Payment Date has occurred since the Issuance Date, the aggregate Accrued Dividends with respect to such share as of the Preferred Dividend Payment Date immediately preceding such date of determination (determined, for the avoidance of doubt, after giving effect to the payment of Cash Dividends, if any, on such immediately preceding Preferred Dividend Payment Date) or (b) if no Preferred Dividend Payment Date has occurred since the Issuance Date of such share, zero.
Compounded Dividends has the meaning given to such term in Section 5.
Examples of Compounded Dividends in a sentence
The Corporation shall instead, to the extent it is legally permitted to do so, pay a cash amount (computed to the nearest cent) to each holder that would otherwise be entitled to receive a fraction of a share of Common Stock based on the Five-Day Average Price with respect to such dividend, and to the extent it is not legally permitted to make such payment, such amount shall be paid as Compounded Dividends.
More Definitions of Compounded Dividends
Compounded Dividends shall have the meaning assigned to such term in Section 4(b).
Compounded Dividends has the meaning set forth in Section 5(c).
Compounded Dividends has the meaning set forth in the Series A Statement with Respect to Shares.