Dividend Accrual Date definition
Dividend Accrual Date means the last day of March, June, September and December in each year.
Dividend Accrual Date means February 1, May 1, August 1 and November 1 of each year, whether or not such day is a Business Day.
Dividend Accrual Date means the date that is one hundred and eighty (180) days following the Issue Date.
Examples of Dividend Accrual Date in a sentence
Dividends will accrue quarterly in arrears on each Dividend Accrual Date and, once accrued, shall not be declared or paid but shall instead be added to the Liquidation Value of such share of Series A Preferred Stock as of the applicable Dividend Accrual Date.
The daily dividend shall be calculated as the product of (i) the Liquidation Value of each share of the Series A Preferred Stock outstanding as of the Dividend Accrual Date for such Dividend Period, and (ii) 8% (the “Dividend Rate”) for each day elapsed during such Dividend Period divided by 360.
More Definitions of Dividend Accrual Date
Dividend Accrual Date means each anniversary date of the Purchase Date and the dates three months, six months and nine months of each year thereafter, beginning with the date three months after the Purchase Date, or at such additional times and for such interim periods, if any, as determined by the Board of Directors.
Dividend Accrual Date means the first day of each calendar month.
Dividend Accrual Date means December 16, 2018.
Dividend Accrual Date means each January 1, April 1, July 1 and October 1 of each year, beginning on the first such date after the date of issuance of the applicable shares, or at such additional times and for such interim periods, if any, as determined by the Board of Directors.
Dividend Accrual Date has the meaning set forth in Section D.
Dividend Accrual Date means the date as of which the EBITDA for the immediately preceding twelve full calendar months equals or exceeds $60 million (the “initial Dividend Accrual Date”) and December 31 of each year thereafter; except that if any Dividend Accrual Date is not a Business Day, then the next succeeding Business Day shall be the Dividend Accrual Date.
Dividend Accrual Date means the date from which dividends accrue on Converting Preference Shares as specified in the Terms of Issue.