Contingent Dividend definition

Contingent Dividend shall have the meaning ascribed to such term in the Registration Statement.
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Contingent Dividend means the contingent dividend declared by the Board of Directors of the Company on September 27, 2016 pursuant to the Contingent Dividend Resolution.
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Contingent Dividend means a cumulative dividend in an amount equal to 40% of the Excess Net Income measured as of the end of the applicable fiscal quarter of the Corporation, minus (i) the aggregate amount of Contingent Dividends earned previously during the applicable Measurement Period, and (ii) the aggregate amount of Regular Quarterly Dividends earned during the applicable Measurement Period.
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Examples of Contingent Dividend in a sentence

  • The Contingent Dividend was declared, and when paid will be, in each case, in compliance with the NJBCA and, except as would not reasonably be expected to result in a material Liability to the Company or materially impair, prevent or delay the ability of the Company to consummate the Merger and the other Transactions, all other applicable Laws.

  • For the avoidance of doubt, any Contingent Dividends that accrue prior to the P2 Company Acquisition Date shall be payable pursuant to this clause (ii), whether or not the Contingent Dividend Payment Date is on or after the P2 Company Acquisition Date.

  • To the extent that shares of Controlled Common Stock are distributed to holders of Loews Common Stock on a pro rata basis pursuant to the Contingent Dividend, the aggregate basis of the Loews Common Stock and the Controlled Common Stock in the hands of such holders will be the same as the basis of the Loews Common Stock on which such distribution was made, allocated in proportion to the fair market values of the Loews Common Stock and the Controlled Common Stock.

  • Any gain or loss will be treated as capital gain or loss, provided the fractional share of stock would be held as a capital asset on the date of the Exchange Offer or the Contingent Dividend, as the case may be.

  • The holding period of each holder of Loews Common Stock in the Controlled Common Stock received in the Exchange Offer or the Contingent Dividend will include the holding period of the Loews Common Stock exchanged therefor or with respect to which the distribution of the Controlled Common Stock is made, provided that such Loews Common Stock is held as a capital asset on the date of the Exchange Offer or the Contingent Dividend, as the case may be.

  • No gain or loss will be recognized by holders of Carolina Group Stock or Loews Common Stock upon the receipt of shares of Controlled Common Stock in the Separation, except with respect to cash received in lieu of fractional shares of Controlled Common Stock in the Exchange Offer or the Contingent Dividend, as described in paragraph 9 below.

  • A holder of Loews Common Stock who receives cash in lieu of a fractional share of Controlled Common Stock in the Exchange Offer or the Contingent Dividend will recognize gain or loss measured by the difference between the basis of the fractional share deemed to be received, as set forth above in paragraphs 4 and 5 above and the amount of cash received.

Related to Contingent Dividend

  • Contingent fee as used in this clause, means any commission, percentage, brokerage, or other fee that is contingent upon the success that a person or concern has in securing a Government contract.

  • Contingent Right means a right under this Schedule 5 which is not a Firm Right and which is subject to the fulfilment of all competing Exercised Firm Rights and any additional contingency specified in this Schedule 5;

  • Contingent Consideration shall have the meaning set forth in Section 2.5.

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Contingent Claim means any Claim, the liability for which attaches or is dependent upon the occurrence or happening of, or is triggered by, an event, which event has not yet occurred, happened or been triggered as of the date on which such Claim is sought to be estimated or an objection to such Claim is filed, whether or not such event is within the actual or presumed contemplation of the holder of such Claim and whether or not a relationship between the holder of such Claim and FairPoint now or hereafter exists or previously existed.

  • 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.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Contingent Payments has the meaning set forth in Section 2.3(d).

  • 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.

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Dividends shall have the meaning provided in Section 10.6.

  • Permitted Dividend has the meaning provided in Section 6.1(d).

  • Contingent Interest has the meaning specified in Section 4.01.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Dividend Date means, in respect of a Preference Share, a date specified in the Issue Resolution on which a Dividend in respect of that Preference Share is payable.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.