Dividend Provisions definition

Dividend Provisions. The holders of the Series B Preferred Stock shall be entitled to receive cumulative dividends at the rate of 8% per annum when, as and if declared by the Board of Directors.
Dividend Provisions. The Series A Preferred (the "Preferred Stock") will be entitled to receive non-cumulative dividends of $0.08 (8%) per share of Series A in preference to any dividend paid on any other shares of capital stock, when and if any such dividends are declared by the Board. The holders of Preferred Stock shall also be entitled to participate on a pro rata basis in any dividends paid on the Common Stock.

Examples of Dividend Provisions in a sentence

  • Dividend Provisions: The holders of preferred shares and ordinary shares shall be entitled to receive dividends, out of any assets legally available therefor, payable when, as, and if declared by the directors.

  • The reason behind this lower performance is that each of the virtual machine has its own operating system and its own database.

  • Dividend Provisions The Company did not declare or pay any dividends during the years ended December 31, 2013, 2014 or 2015.

  • The foregoing general authority provision is the same as the provision in the Seaspan articles of incorporation, and Outdated Dividend Provisions will not be included in the Atlas articles of incorporation.

  • The Series B Preferred Stock shall (i) with respect to priority of dividend rights, rank in preference to the Common Stock but shall rank pari passu to the Series A Preferred Stock, (ii) with respect to certain rights on liquidation, rank in preference to the Series A Preferred and Common Stock.3. Dividend Provisions.

  • Dividend Provisions The Series A Preferred Stock ranks senior to the Company’s Common Stock with respect to payment of dividends and rights on the distribution of assets on any liquidation, dissolution or winding up of the affairs of the Company.

  • The rights, preferences, privileges, restrictions and other matters related to the Series A Convertible Preferred Stock in the Article are as follows: a) Dividend Provisions.

  • However, based on the Circular on Certain Issues withRespect to the Enforcement of Dividend Provisions in Tax Treaties 《( 關於執行稅收協定股息條款有關問題的通知》) issued by the SAT on February 20, 2009, dividend recipients of dividends paid by Chinese resident companies must meet certain conditions in order to enjoy the preferential income tax rates under the tax agreements.

  • Seam Sealer/Caulk: Shall be as recommended by the coating manufacturer.

  • Shareholder Approvals Required (continued) Resolution 6: Amendment to Dividend Provisions of the Constitution (continued) Article 17.3 – No interest on dividends Delete the words “whether final or interim” at the end of that article (so the article reads “Interest may not be paid by the Company in respect of any dividend”).

Related to Dividend Provisions

  • Deemed Dividend Problem means, with respect to any Foreign Subsidiary, such Foreign Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to the Borrower or the applicable parent Domestic Subsidiary under Section 956 of the Code and the effect of such repatriation causing materially adverse tax consequences to the Borrower or such parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Ex-Dividend Time means, with respect to any issuance or distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such issuance or distribution.

  • Standard Provisions mean these Standard Provisions that form a part of the Certificate of Designations relating to the Designated Preferred Stock.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Dividend Payout Ratio means, at any date of determination, the ratio, expressed as a percentage, of (a) the sum of, without duplication, of all dividends paid by the Parent Guarantor on account of any common stock or preferred stock of the Parent Guarantor, except dividends payable solely in additional Equity Interests of the same class, to (b) Funds From Operations, in each case for the four consecutive fiscal quarters of the Parent Guarantor most recently ended.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Rights Dividend Declaration Date shall have the meaning set forth in the recitals to this Agreement.

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Dividend Date means a date specified in the Issue Resolution on which a dividend in respect of that preference share is payable.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Dividend Rate has the meaning set forth in the Statement.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Surviving Provisions has the meaning specified in Section 10.02.