Deferred Dividend definition

Deferred Dividend means any Cash Dividend that is expressly declared by the Issuer to be a deferred or delayed dividend or distribution or any analogous or similar term due to any restriction, prohibition or recommendation (other than pursuant to any restrictions under the Capital Regulations) by the competent authority on the Group in respect of any previous financial year(s);
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Deferred Dividend means an amount equal to the product of US $9.4605 Million (one-half of US $18.921 Million) multiplied by a fraction, the numerator of which is a number equal to the number of days beginning with September 24, 2003, the date the Company declared the dividend in 2003, and ending on the Closing Date (exclusive of September 24, 2003 but inclusive of the Closing Date), and the denominator of which is three hundred and sixty-six (366), which amount is to be paid as compensation for earnings of the Company and Xxxxxxxxx Partnership during the period from September 24, 2003 to the Closing Date. For example purposes only, if the Closing Date is February 15, 2004 and the dividend date was September 24, 2003, the difference between those dates is 144 days. The fraction, the numerator of which is 144 days and the denominator of which is 366, which equals 0.3934. Therefore, the Deferred Dividend would equal US $9.4605 million multiplied by 0.3934 or US $3.722 Million.
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Examples of Deferred Dividend in a sentence

  • The Deferred Dividend shall not accrue or become payable in any way until the date six months after the Conversion Date and shall then only be payable to those holders of Deferred Shares registered in the register of members of the Company as holders of Deferred Shares on that date.

  • The Deferred Dividend shall not accrue or become payable in any way until the date six months after the Relevant Conversion Date and shall then only be payable to those holders of Deferred Shares registered in the register of members of the Company as holders of Deferred Shares on that date.

  • The Deferred Dividend becoming due on any Deferred Dividend Payment Date shall be payable only to those persons entered on the register of members of the Company on that Deferred Dividend Payment Date as holders of Deferred Shares.

  • The Deferred Dividend shall not accrue or become payable in any way until the date six months after the Relevant Conversion Date and shall then only be payable to those holders of Deferred Shares registered in the register of members as holders of Deferred Shares on that date.

  • The Deferred Dividend shall not accrue or become payable in any way until the date six months after the Relevant Conversion Date and shall then only be payable to those holders of Deferred Shares registered in the register of members of the company as holders of Deferred Shares on that date.

  • The Offeror has obtained a confirmation from the Securities Industry Council that the equity participation of the Lenders in the Offeror and the payment of the Deferred Dividend do not constitute special deals for the purpose of Rule 10 of the Code.

  • Once Yue Gang Investment has received the Deferred Dividend in full, all of the WaterCo’s distributable profits are to be distributed to GH Holdings and Yue Gang Investment according to their respective equity interests in WaterCo during the remaining operating period.

  • The indebtedness to General Revenues both under Development Fund and Deferred Dividend Liability would aggregate to Rs. 597.74 crores at the end of 1981-82.

  • Once Guangdong Holdings Limited has received the Deferred Dividend in full, all of the WaterCo’s distributable profits are to be distributed to GH Holdings and Guangdong Holdings Limited according to their respective equity interests in WaterCo during the remaining operating period.

  • CNAC also informed the Company that the Deferred Dividend will be paid only at a later date, upon notice from CNAC and subject to the approval of the Board of the Company that the actual payment of the Deferred Dividend meets the respective solvency test.

Related to Deferred Dividend

  • 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.

  • 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.

  • 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).

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

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

  • Dividend Date means a date specified in the Issue Resolution on which a dividend in respect of that preference share is payable.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.