Examples of Dividend Note in a sentence
Such interest shall be payable on the date of such Permitted Dividend and in an amount equal to the Additional Interest Amount, and shall be payable in the form of an additional note (an "Additional Dividend Note") that is identical in all respects to this Note.
Bank Balance other than Cash and Cash Equivalents As at 31 March, 2020As at 31 March, 2019Earmarked Balance-Unpaid Dividend Note 11.
The Dividend Note referred to in the foregoing paragraph are described as follows: Promissory note, dated March 8, 2007, face amount $2,000,000.00, with NewMarket Technology Acquisition Subsidiary, a Nevada corporation, as maker, and Diamond I, Inc., a Delaware corporation, as payee.
Existing Series B preferred shareholders would be offered the opportunity to exchange each Series B preferred share for either (a) $9.00 in cash, or (b) for .85 of a New Preferred Share and .85 of an Accrued Dividend Note.
If, at any time during which any shares of the Series B Preferred Stock are outstanding, any payment owing to the Corporation under the Dividend Note, as that term is defined in the Purchase Agreement, in favor of the Corporation shall not be current, the Series B Preferred Stock shall possess none of the voting rights otherwise granted herein.