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.

• If a Dividend Payment Date is a Mandatory Dividend Payment Date, the Company will be required to pay the Mandatory Dividend Payment Amount as dividends on that date whether or not there are Available Distributable Profits and whether or not interest is paid on the Subordinated Notes.

• Any Dividend Payment Date or other date on which dividends on the Company Preferred Securities are required to be paid as described in paragraph (A), (B) or (C) above is a "Mandatory Dividend Payment Date." The amount of dividends required to be paid on any Mandatory Dividend Payment Date (after giving effect to the Capital Limitation, if applicable) is called the "Mandatory Dividend Payment Amount".

• The Distributable Profits Limitation will not limit or prohibit payment of dividends up to the Mandatory Dividend Payment Amount as to a Mandatory Dividend Payment Date.

• 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).

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.

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 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, 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) 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 no more than one Business Day prior to the Dividend Payment Date to distribute as Dividends, such amount 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 any dividends or distributions, including extraordinary distributions, declared and paid on the securities in the Common Share Portfolio.

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.