Dividend Event has the meaning set forth in Section 4.2 of this Schedule II.
Dividend Event means the public announcement or notification to UBS pursuant to Section 6 below of an ordinary or extraordinary dividend or distribution by the Issuer with a record date occurring in any of the time periods specified below with a value, as determined by the Calculation Agent in good faith, that exceeds the amount specified below for such period by $0.01 or more April 5, 2007 through and including June 30, 2007 $ 0.26 July 1, 2007 through and including September 30, 2007 $ 0.26 October 1, 2007 through and including the Last Averaging Date, If later than October 1 $ 0.26
Dividend Event has the meaning specified in Section 5.3.
Examples of Dividend Event in a sentence
In the event Holders of the Preferred Stock would otherwise also be entitled to any other payments or an adjustment to the Conversion Price as a result of the Dividend Event, Holders of the Preferred Stock shall be entitled to receive the dividend described in this paragraph or such other payment or Conversion Price adjustment, whichever shall provide the greater economic benefit to the Holders, but not both.
In the case of a Dividend Event, up to one-third of the aggregate amount of the dividends (representing up to 4.66% per annum as a percentage of Liquidation Value per share) that accrue during the 60-day period commencing on the Triggering Event may be payable by, at the option of the Company, in shares of Common Stock valued at the Average Price on the record date; all other amounts of dividends shall be paid in cash from funds legally available therefor.
They were held overnight in police custody and then taken to court where they were remanded out of custody.On May 9th 2003 the Supreme court struck down as un-constitutional Section 80 (1) (b) and (2) of AIPPA.
Redemption Price is equal to one thousand dollars plus the unpaid distributions, other than unpaid distributions resulting from a Missed Dividend Event, to the redemption date.
Following the occurrence of any Triggering Event (a "Dividend Event"), dividends on the Preferred Stock shall accrue on the Preferred Stock from the date of such Triggering Event at a rate per share equal to 14% per annum (as a percentage of the Liquidation Value per share) until such date as such Triggering Event has been cured.
More Definitions of Dividend Event
Dividend Event means the determination by (i) the Company to pay any Dividend with the proceeds of a Recapitalization Event or an Asset Sale Event or (ii) any subsidiary of the Company to pay any Dividend to any Investor or its subsidiaries with the proceeds of a Recapitalization Event or an Asset Sale Event (provided that, for the purposes of this clause (ii), neither the Company nor a subsidiary of the Company shall be considered a “subsidiary” of any Investor).
Dividend Event means the date on which the Board declares the payment of a cash dividend that will result in the aggregate amount of cash dividends paid by the Company on one share of Common Stock during the period beginning on the Grant Date and ending on August 31, 2017 equaling or exceeding $2.50; provided, however, that in the event of a stock dividend, forward split or reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase or share exchange, or other similar corporate transaction or event, the Committee shall adjust such $2.50 threshold as it deems necessary or appropriate to reflect such corporate transaction or event to prevent the enlargement or dilution of rights hereunder.
Dividend Event means the date, if any, on which the Company shall pay any dividend on or make any other distribution in respect of its Capital Stock whether in cash, property or obligations of the Company, other than (a) a dividend or other distribution payable solely in the form of its Capital Stock and (b) any dividend or other distribution that is permitted, or equivalent (in type, amount and purpose) to those permitted to be made by TRW Auto, under the terms of the Credit Agreement, the Senior Note Indentures and the Senior Subordinated Note Indentures.
Dividend Event means the payment of an ordinary or extraordinary dividend of distribution by the Issuer in any of the time periods specified below with a value, as determined by the Calculation Agent in good faith, that exceeds the amount specified below for such period by $0.01 or more. March 30, 2006 through and including June 30, 2006 $ 0.23 July 1, 2006 through and including September 30, 2006 $ 0.23 October 1, 2006 through and including the Last Averaging Date, if later than October 1, 2006 $ 0.00 “Excess Shares” means the number of Shares (if any) equal to (a)(i) the Settlement Amount divided by (ii) the Reference Price minus (b) the Determined Amount.
Dividend Event means (i) an ex-dividend date for a regular quarterly cash dividend occurs with respect to the Shares (an “Ex-Dividend Date”), and that dividend differs in any respect from the Regular Dividend on a per Share basis or (ii) if no Ex-Dividend Date for a regular quarterly cash dividend occurs with respect to the Shares in any quarterly dividend period of Counterparty. “Regular Dividend” shall mean USD 0.25 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. 25 To be updated as appropriate for Dealer. 26 To be updated as appropriate for Dealer.
Dividend Event means if the Company elects to (a) distribute to all Holders of Common Stock certain rights entitling them to purchase, for a period expiring within 45 days of the date of issuance, Common Stock, or securities convertible into Common Stock, at less than, or having a conversion price per share less than, the Closing Sale Price of our Common Stock on the Trading Day immediately preceding the declaration date for such distribution, or (b) distribute to all Holders of Common Stock the Company’s assets, cash, debt securities or certain rights to purchase the Company’s securities, which distribution has a per share value as determined by the Company’s Board of Directors exceeding 15% of the Closing Sale Price of Common Stock on the Trading Day immediately preceding the declaration date for such distribution.
Dividend Event means the failure to pay a quarterly dividend payment on the Preferred Units in cash when due after the first anniversary of the effective date of this agreement.Voting Rights: Holders of Preferred Units will have the right to vote as a singleclass with the Common Units on an as-converted basis.Entitlement to Board Seats:The size of the Board of Directors shall initially be set at X.Investor shall be initially entitled to nominate and appoint X person to the Board of Directors.On or after the occurrence of any Default Event or Dividend Event, the number of directors on the Board of Directors shall increase by one director (up to a maximum of two additional directors for all Default Events and Dividend Events).If any Default Event occurs, in accordance with the above paragraph, the holders of a majority of the Preferred Units shall be entitled, in addition to any rights granted as a result of the event that triggered the right of redemption, to nominate and appoint, together as a class, 1 additional person to the Board of Directors up to a maximum of 1, together with any Directors appointed as a result of a prior Default Event or Dividend Event. If any Dividend Event occurs, inaccordance with the above paragraph, the holders of a majority of the Preferred Units shall be entitled, in addition to any rights granted as a result of the event that triggered the right of redemption, to nominate and appoint, together as a class, 1 additional person to the Board of Directors up to a maximum of 1, together with any Directors appointed as a result of a prior Dividend Event or Default Event. Shouldn’t this revert to original structure once a Default Event is cured??The Company shall provide any persons appointed to the Board of Directors by Investor with the benefit of customary director and officer insurance and indemnify such persons to the fullest extent permitted by applicable law.