Examples of Dividend Price in a sentence
PIK Dividends shall be paid by delivering to each record holder of Preferred Shares a number of shares of Common Stock (“PIK Dividend Shares”) determined by dividing (x) the total aggregate dollar amount of dividends accrued and unpaid with respect to Preferred Shares owned by such record holder on the record date for the applicable Dividend Payment Date (rounded to the nearest whole cent) by (y) the applicable PIK Dividend Price.
If Regular Dividends are to be paid in shares of Common Stock, then each Holder shall be entitled to receive such number of whole shares of Common Stock as is determined by dividing the pro rata amount of Regular Dividends to which a holder is entitled by the Dividend Price (provided, however, that any fractional shares of Common Stock due pursuant to such calculation shall not be paid and instead the nearest lower whole number of shares of Common Stock shall be paid).
If a dividend is to be paid in shares of Common Stock, the Common Stock shall be valued at the Common Stock Dividend Price (as defined below).
If the Common Stock Dividend Price would be less than $0.85, as calculated in the immediately preceding sentence (without giving effect to the second proviso thereof), the holder may elect to either (i) accept the number of shares of Common Stock calculated as if the Common Stock Dividend Price was then $0.85 as full payment of such dividend or (ii) elect to postpone any dividend payment until funds are legally available for payment of such dividends (“Elected Dividends”).
For purposes of calculating the dividends payable on the Class D Preferred, each share of Class D Preferred shall be valued at $10.00 per share approximately adjusted for stock dividends, stock splits, reverse stock splits, and other subdivisions and combinations of Class D Preferred (such per share price, as it may be adjusted, for the Class D Preferred is referred to herein as the "Dividend Price").
In subsequent years, the dividend amount will be calculated based on the appreciated stock price compared to the highest Dividend Price previously used in calculating the Preferred stock dividends.
If the Holder elects to receive shares of Common Stock in payment of the redemption, the shares of Common Stock issuable upon redemption of each share of Series A Preferred Stock shall be the sum of (i) that number of shares of Common Stock equal to (A) the Stated Value divided by (B) the Conversion Price; plus (ii) that number of shares of Common Stock equal to (A) the Additional Amount divided by (B) Stock Dividend Price.
If the Company shall elect to pay all or any portion of a quarterly dividend in shares of Common Stock, the number of shares to be issued in payment of the Dividend Share Amount to each Holder shall be determined by multiplying the Dividend Share Amount payable to such Holder by 112% and dividing the product obtained by the Dividend Price.
PIK Dividends shall be paid by delivering to each record holder of Series H Preferred Stock a number of registered shares of Common Stock (“PIK Dividend Shares”) determined by dividing (x) the total aggregate dollar amount of dividends accrued and unpaid with respect to shares of Series H Preferred Stock owned by such record holder on the record date for the applicable Dividend Payment Date (rounded to the nearest whole cent) by (y) the applicable PIK Dividend Price.
If the Company combines (by combination, reverse stock split or otherwise) its outstanding shares of Common Stock, or any series thereof, into a smaller number of shares, the Conversion Rate and the Dividend Price in effect immediately prior to such combination will be proportionately increased.