Dividend Rate Calculation Agent definition

Dividend Rate Calculation Agent means such financial institution (and any legal successor thereto) from time to time as shall be selected by the Corporation to provide information for calculation of the Dividend Rate.
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Dividend Rate Calculation Agent means such financial institution (and any legal successor thereto) from time to time as shall be selected by the Company, provided such selection is approved by the vote or written consent of the holders of at least two-thirds of the outstanding shares of the Series I Preferred Shares, and shall initially mean Wachovia Investment Holdings, LLC.
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Dividend Rate Calculation Agent means such financial institution (and any legal successor thereto) from time to time as shall be selected by the Corporation, provided such selection is approved by the vote or written consent of the holders of a majority of the outstanding shares of the Series I Preferred Stock, and shall initially mean Lehman Brothers Inc.
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Examples of Dividend Rate Calculation Agent in a sentence

  • In acting under this Section 4, the Calculation Agent shall be obligated to perform only such duties as are set forth specifically herein and in the Statement as duties of the Dividend Rate Calculation Agent.

  • Upon the terms and subject to the conditions set forth in this Article VIII, effective from and after the Closing, the Company hereby appoints Wachovia Bank, National Association as its Dividend Rate Calculation Agent under the Articles Supplementary (in such capacity, the “Calculation Agent”), and Wachovia Bank, National Association hereby accepts such appointment.

  • Upon the terms and subject to the conditions set forth in this Section 4, effective from and after each Closing, the Company hereby appoints Wachovia Investment Holdings, LLC as its Dividend Rate Calculation Agent under the Articles Supplementary (in such capacity, the “Calculation Agent”), and Wachovia Investment Holdings, LLC hereby accepts such appointment.

  • In acting under this Article IV, the Calculation Agent shall be obligated to perform only such duties as are set forth specifically herein and in the Articles Supplementary as duties of the Dividend Rate Calculation Agent.

  • Upon the terms and subject to the conditions set forth in this Section 4, effective from and after each Closing, the Company hereby appoints Wachovia Investment Holdings, LLC as its Dividend Rate Calculation Agent under the Statement (in such capacity, the “Calculation Agent”), and Wachovia Investment Holdings, LLC hereby accepts such appointment.

  • In acting under this Section 4, the Calculation Agent shall be obligated to perform only such duties as are set forth specifically herein and in the Articles Supplementary as duties of the Dividend Rate Calculation Agent.