Dividend Condition with respect to the distribution in connection with the Class R Distribution and the distribution in connection with the Share Exchange, a determination by the PKS Board that such distribution by PKS will (a) comply with the PKS Certificate, as then amended and/or restated, (b) will be made out of surplus, within the meaning of Section 170 of the Delaware General Corporation Law and (c) will not result in the insolvency of PKS under applicable fraudulent conveyance or fraudulent transfer statutes. Exchange Act: the Securities Exchange Act of 1934, together with the rules and regulations promulgated thereunder. Exchange Date: the date on which the Share Exchange is made, which will be a date determined by the PKS Board that occurs after satisfaction of all of the conditions set forth in Section 2.08.

Dividend Condition means, with respect to the distribution in connection with the KMC Stock Distribution, a determination by the PKS Board that such distribution by PKS will (a) comply with the PKS Certificate, as then amended and/or restated, (b) will be made out of surplus, within the meaning of Section 170 of the Delaware General Corporation Law and (c) will not result in the insolvency of PKS under applicable fraudulent conveyance or fraudulent transfer statutes.

Dividend Condition means that the Applicable Level is at least Level II.

Examples of Dividend Condition in a sentence

We note in particular four documents as evidence of the government's intent to contract for the treatment of goodwill, FHLBB Resolution No. 88-513, the RCMA, the RCMDA, and the forbearance letter of December 22, 1987.FHLBB Resolution No. 88-513, dated June 28, 1988, makes approval conditional on, inter alia, the execution of the RCMA, and provides that "the Regulatory Capital Maintenance and Dividend Condition shall be deemed met if the Acquiror signs the attached [RCMDA]." (Jt. App.
The director of revenue byJune 1 preceding August 15 of each fiscal year shall compute the guaranteed school infrastructure amount for each school district, each school district's sales tax capacity per student for each county, and the supplemental school infrastructure amount for the coming fiscal year.Sec.
Neither the Acceptance Condition nor the Special Dividend Condition are subject to Rule 13.5(a) of the Code.
Staff will establish application procedures, evaluation protocols, and decision timelines.
In addition, the Offer is conditional upon the Special Dividend Condition and, accordingly, the Offer will not become or be declared unconditional unless the Special Dividend Condition has been satisﬁed.

More Definitions of Dividend Condition

Dividend Condition and replacing them with the following, respectively:

Dividend Condition means that the Applicable Level is at least Level III.

Dividend Condition means, as of any date of determination after the Emergence Date, a condition that will be satisfied if (a) the Class A/B MTM/DT Advance Rate Adjustment is reflected in the calculation of the Class A/B Adjusted Advance Rate, (b) no Amortization Event or Potential Amortization Event, in each case with respect to the Series 2020-1 Notes has occurred, (iii) the Series 2020-1 Market Value Average is at least 107% and (iv) the Series 2020-1 Non-Program Vehicle Disposition Proceeds Percentage Average is at least 107%.

Dividend Condition means that the Interest Coverage Ratio is greater than or equal to 4.00:1.00 and the Leverage Ratio is less than or equal to 2.75:1.00 and the outstanding principal amount of the 1994 Term Loans and 1994 Canadian Term Loans is less than $350,000,000.

Dividend Condition means in connection with a Restricted Payment, if, on the date that the Borrower Representative delivers to the Administrative Agent a certificate (a “Dividend Certification”) in form of Exhibit E attached hereto certifying as to the items described in (A) and (B) below and attaching calculations for item (B) with respect to such Restricted Payment:

Dividend Condition means in connection with a Restricted Payment, if, on the date that the Borrower Representative delivers to the Administrative Agent a certificate (a “ Dividend Certification”) in form of Exhibit E attached hereto certifying as to the items described in (A) and (B) below and attaching calculations for item (B) with respect to such Restricted Payment:

Dividend Condition with respect to the distribution in connection with the Class R Distribution and the distribution in connection with the Share Exchange, a determination by the PKS Board that such distribution by PKS will (a) comply with the PKS Certificate, as then amended and/or restated, (b) will be made out of surplus, within the meaning of Section 170 of the Delaware General Corporation Law and (c) will not result in the insolvency of PKS under applicable fraudulent conveyance on fraudulent transfer statutes. EXCHANGE ACT: the Securities Exchange Act of 1934, together with the rules and regulations promulgated thereunder. EXCHANGE DATE: the date on which the Share Exchange is made, which will be a date determined by the PKS Board and occurring after satisfaction of all of the conditions set forth in Section 2.09.