Dividend Payment Amount definition

Dividend Payment Amount has the meaning provided in Section 2.05.

Dividend Payment Amount means the amount of accrued dividends per share, as expressed in dollars, with respect to any Dividend Payment Period

Dividend Payment Amount means (a) at any time during the fiscal year ending December 31, 2005, an amount equal to (i) $50,000,000, minus (ii) the aggregate amount of payments made during such fiscal year and prior to such time pursuant to Section 6.06(e)(i) and (b) at any time during each fiscal year thereafter, an amount equal to (i) $25,000,000, plus (ii) any portion of the Dividend Payment Amount for prior fiscal years not utilized to make payments pursuant to Section 6.06(e)(i) during such prior fiscal years, minus (iii) the aggregate amount of payments made during the current fiscal year and prior to such time pursuant to Section 6.06(e)(i).

Examples of Dividend Payment Amount in a sentence

• However, the Bank has the right to shift the dividend preference of the Company Preferred Securities to the Company Common Securities on any Dividend Payment Dates to the extent that the Mandatory Dividend Payment Amount then required to be paid as dividends on the Company Preferred Securities (if any) is less than full dividends on the Company Preferred Securities.

• The Company will, however, be required to pay additional amounts so that the net amount received by a Preferred Securityholder after withholding will not be less than the Mandatory Dividend Payment Amount then due and payable as described in Section 7.3(c).

• Dividend Payment: Sellers shall pay to Purchaser on the business day following the payment of any cash dividend (other than an Ordinary Cash Dividend) with respect to the Common Stock (the "Dividend Payment Date") an amount in cash equal to the product (the "Dividend Payment Amount") of (i) the per share amount of such dividend and (ii) the sum of the Base Amounts for each Tranche on the ex-dividend date for such dividend.

• In such an event, Bank shall cease any purchases of Common Stock pursuant to this Transaction and, on the third Trading Day immediately following the Early Termination Date, Bank shall (i) deliver to the Company the number of shares of Common Stock, previously acquired, held or accumulated pursuant to Section III(a) of this Letter Agreement (the “Early Settlement Number”), and (ii) pay to the Company the Early Repayment Amount and the Dividend Payment Amount, if any.

• Each Deferred Stock Account will be credited each calendar quarter, on the date on which cash dividends are reinvested under the Corporation’s dividend reinvestment and stock purchase plans (the “Investment Date”), with a quantity of additional Common Stock Units, including fractional units, determined by dividing (A) the Dividend Payment Amount by (B) the Stock Purchase Price.

More Definitions of Dividend Payment Amount

Dividend Payment Amount means the product of the Number of DSUs on the dividend payment date times the amount of the cash dividend payable on a share of Common Stock. “Stock Purchase Price” means the closing price of a share of Common Stock on the NYSE on the most recent trading day preceding the Investment Date. 3. Change in Control: If the Participant’s remains in service with the Corporation as of immediately prior to a Change in Control, each unvested DSU will immediately vest as of immediately prior to such Change in Control. 4.

Dividend Payment Amount means the amount of accrued dividends per share, as expressed in dollars, with respect to any Dividend Payment Period determined by applying the Dividend Rate (calculated by multiplying the Dividend Rate by 25% for each Dividend Payment Period) to the Original Issue Price.

Dividend Payment Amount means, with respect to any Parent Dividend Event, the amount equal to (x) the total payment made or to be made, by Parent in connection with such Event consisting solely of (i) cash paid by Parent in connection with such Event, (ii) equity securities issued by Parent in connection with such Event, and (iii) any other non-cash property distributed in connection with such Event, minus (y) the aggregate amount of all Event Expenses.

Dividend Payment Amount means, for any Dividend Payment Date, the sum of (a) Distributable Cash for such Monthly Fiscal Period for the most recently ended Monthly Fiscal period for which a Monthly Report has been delivered, plus (b) amounts removed from the Dividend/CapEx Funding Account or, to the extent permitted by Section 2.22, the CapEx Funding Account by the Borrower no more than one Business Day prior to the Dividend Payment Date to distribute as Dividends not to exceed the Dividend Shortfall Amount for the most recently ended Monthly Fiscal Period for which a Monthly Report has been delivered less (c) the Cash Collateral Shortfall Amount on the Dividend Payment Date.

Dividend Payment Amount means, as to any quarter ending on a Distribution Payment Date, the cash dividend amount declared and paid with respect to such quarter on each share of Corporation Common Stock; "Business Day" means a day on which both state and federally chartered banks in New York, New York are required to be open for general banking business; "Accrued Distributions" means all accrued and due distributions together with all accrued but not yet due distributions (compounded as provided above and together with accruals thereon) (whether or not declared or authorized); and "Outstanding Distributions" means all accrued and due distributions (compounded as provided above together with accruals thereon) (whether or not declared or authorized) but excluding all accrued but not yet due distributions.

Dividend Payment Amount means, as to any quarter ending on a Distribution Payment Date, the cash dividend amount declared and paid with respect to such quarter on each share of Corporation Common Stock; "BUSINESS DAY" means a day on which both state and federally chartered banks in New York, New York are required to be open for general banking business; "ACCRUED DISTRIBUTIONS" means all accrued and due distributions together with all accrued but not yet due distributions (compounded as provided above and together with accruals thereon) (whether or not declared or authorized); and "OUTSTANDING DISTRIBUTIONS" means all accrued and due distributions (compounded as provided above together with accruals thereon) (whether or not declared or authorized) but excluding all accrued but not yet due distributions.

Dividend Payment Amount means, for any Dividend Payment Date and its Related Monthly Fiscal Period, the sum of (a) Distributable Cash for such Related Monthly Fiscal Period, plus (b) the amount withdrawn from the Dividend/CapEx Funding Account or, to the extent permitted by Section 2.22, the CapEx Funding Account by the Borrower Representative no more than one Business Day prior to such Dividend Payment Date to distribute as Dividends, such amount not to exceed the Dividend Shortfall Amount for such Related Monthly Fiscal Period, less (c) the Cash Collateral Shortfall Amount on such Dividend Payment Date; provided that if there is a Dividend Shortfall Amount for such Related Monthly Fiscal Period, the Dividend Payment Amount may, at the option of the Borrowers, be increased by the amount of Unrestricted Cash on Hand as of such Dividend Payment Date and the proceeds of any Available Revolving Loan Advance that is outstanding as of such Dividend Payment Date (such increased amount referred to herein as the “Excess Dividend Amount”) so long as all of the following conditions are met with respect to such Dividend Payment Date and its Related Monthly Fiscal Period: (i) the sum of such Excess Dividend Amount plus the Dividend Payment Amount for such Dividend Payment Date (calculated before giving effect to any increase thereof pursuant to this proviso) shall not exceed the Projected Distributable Cash for such Dividend Payment Date, and (ii) the sum of the Excess Dividend Amount for such Dividend Payment Date (calculated after giving effect to any increase thereof pursuant to this proviso) plus the aggregate Excess Dividend Amounts for all prior Related Monthly Fiscal Periods in the same Annual Fiscal Period as such Related Monthly Fiscal Period shall not exceed the Projected Annual Dividend Shortfall Amount for such Annual Fiscal Period.