Dividend Percentage means the percentage specified as such in the table below, provided that, the Calculation Agent, acting in good faith and in a commercially reasonable manner, may increase or decrease such percentage to reflect any imposition of or adjustment to any applicable withholding tax;
Dividend Percentage means 90 per cent. (expressed as 0.9), subject to any adjustments determined by the Calculation Agent in a commercially reasonable manner to take into account of any applicable tax, increase or decrease of taxes or any change in the interpretation by any taxing authority of any applicable tax law or regulation.
Examples of Dividend Percentage in a sentence
In its determinations of the existence and extent of any diluting or concentrative effect on the theoretical value of the Shares of any Potential Adjustment Event, and any related adjustments to the terms of the Transaction, the Calculation Agent shall take into account the implication of any Transaction Taxes in connection with such Potential Adjustment Event and the applicable Dividend Percentage.
More Definitions of Dividend Percentage
Dividend Percentage. As specified in the Transaction Supplement, subject to any adjustments determined by the Calculation Agent in a commercially reasonable manner to take into account any increase or decrease of Transaction Costs and/or Transaction Taxes. The Calculation Agent agrees to notify the parties of such adjustments as soon as reasonably practicable after the announcement of the relevant increase or decrease of Transaction Taxes by the relevant taxing authority. Re-investment of Dividends: Not Applicable.
Dividend Percentage means 100% (1.0), unless and until such percentage shall be adjusted pursuant to Article 3.1(b)(ii)(C). In each case, following such an adjustment pursuant to Article 3.1(b)(ii)(C) hereof, such term shall thereafter mean such percentage, as so adjusted, unless and until a further adjustment shall be required pursuant to such Article, it being intended that, at all times following the initial adjustment (if any) pursuant to such Article, the term "Dividend Percentage" shall mean such percentage, as the same has been previously adjusted pursuant to such Article and as the same may from time to time be further adjusted (if at all) pursuant to such Article.
Dividend Percentage means, for any dividend paid in respect of the Common Stock, a percentage equal to (i) the aggregate amount of cash paid in such dividend, divided by (ii) the aggregate Fair Market Value of the Fully Diluted Common Stock as of the Dividend Reference Time for such dividend.
Dividend Percentage means 4.722%, if the applicable dividend is paid in the form of Common Stock, and 4.5%, if the applicable dividend is paid in cash.
Dividend Percentage means as regards SSA Khanyisa Shares:
1.3.26.1. from the Effective Date until the end of the 2023 financial year, 2,5% (two comma five percent); and
1.3.26.2. thereafter the percentage shall be equal to the percentage reflected in the second column of the table below, which percentage shall remain unchanged thereafter: less than R67,000,000,000 2,5 % between R67,000,000,000 - R73,600,000,000 5,00 % between R73,600,000,001 - R75,000,000,000 8,75 % between R75,000,000,001 - R76,000,000,000 12,50 % between R76,00,000,0001 - R79,000,000,000 16,25 % greater than R79,000,000,001 20,00 % provided that if the nominal annual prime lending rate of the Company’s bankers, compounded monthly in arrear, exceeds an average of 15% (fifteen percent) for any consecutive rolling 24 (twenty four) month period from the Effective Date to the 2023 financial year end, the Dividend Percentage for the period from the 2023 financial year end until the Automatic Repurchase is exercised, shall remain 2,5% (two comma five percent); *CTC is for the period from the Effective Date to the 2023 financial year end, the total cash available from operating activities for the SSA Group, less cash used in investing activities (having applied due governance processes), less repayments of long-term and short-term debt, all as defined in the statement of cash flows contained in the consolidated annual financial statements of the Group and as regards the month of June 2018, as determined by utilising Sasol’s management accounts, the terms above being those used in the consolidated statement of cash flows of the Group in the 30 June 2017 annual financial statements. For the purposes hereof “SSA Group” means the Company and its subsidiaries;
Dividend Percentage. With respect to each Share, 70%, provided, however, that if the rate for withholding or deduction of taxes at the source by or on behalf of any applicable authority having the power to tax in respect of such dividend increases from such rates as applicable on Trade Date, the Calculation Agent shall adjust the foregoing percentage to account for such change. Re-investment of Dividends: Not Applicable.
Dividend Percentage as of any date (i) if the Consolidated Leverage Ratio for the period of four consecutive fiscal quarters last ended on or prior to such date is less than 2.00 to 1.00, 50%, (ii) if the Consolidated Leverage Ratio for the period of four consecutive fiscal quarters last ended on or prior to such date is less than 2.75 to 1.00 but equal to or more than 2.00 to 1.00, 35% and (iii) otherwise, 25%.