Dividend Restriction definition

Dividend Restriction means that the Issuer must not, without prior approval of a Special Resolution of Holders:

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Dividend Restriction. ’ means that:

Dividend Restriction means that MBL must not: (i) determine, declare or pay any MBL Ordinary Share Dividend; or (ii) undertake any Buy-Back or Capital Reduction;

Examples of Dividend Restriction in a sentence

• During any Dividend Restriction Period that occurs before the Termination Date, an FHLBank shall continue to allocate its Regular Contribution Percentage (or when, and if required under subsection II.B.4 below, its Special Contribution Percentage) to its Restricted Retained Earnings.

• During a Dividend Restriction Period, an FHLBank may pay Dividends on Class A Stock, Class B Stock, or Other FHLBank Stock only out of: (i) Retained Earnings that are not Restricted Retained Earnings, as required by this Agreement; or (ii) that portion of Quarterly Net Income not allocated to Restricted Retained Earnings pursuant to the terms of this Agreement and its amended Capital Plan, if applicable.

• During any Dividend Restriction Period that occurs before the Allocation Termination Date, an FHLBank shall continue to allocate its Regular Contribution Amount (or when, and if required under subsection II.B.4 below, its Special Contribution Amount) to its Restricted Retained Earnings account.

• If during a Dividend Restriction Period, the amount of an FHLBank’s Restricted Retained Earnings decreases in any calendar quarter, except as provided in subsections II.B.3(i) and (ii)(a) above, the FHLBank shall allocate the Special Contribution Percentage to its Restricted Retained Earnings account beginning at the following calendar quarter-end (except as provided in the last sentence of this subsection).

• During a Dividend Restriction Period, an FHLBank (i) shall conduct any Redemption and Repurchase transaction, if otherwise permitted, only at par value; and (ii) shall not engage in a Repurchase or Redemption transaction if following such transaction the FHLBank’s Total Capital as reported to the FHFA falls below the FHLBank’s aggregate paid-in amount of capital stock.

More Definitions of Dividend Restriction

Dividend Restriction means that neither the Bank nor the Company may declare or pay a dividend (other than (i) payment by the Company of a final dividend declared by its shareholders prior to the Interest Payment Date on which the relevant Stopped Period commences, or (ii) a dividend (other than in respect of the Series 1 Sterling Preference Shares of £1 each) paid by the Bank to the Company or to another wholly-owned subsidiary) on any of their respective ordinary shares, preference shares or other share capital or satisfy any payments of interest or coupons on any other Junior Obligations.

Dividend Restriction means that MBL and MGL must not, without prior approval of a Special Resolution of ECS Holders:

Dividend Restriction means that no member of the Macquarie Group will, without the prior approval of an Extraordinary Resolution:

Dividend Restriction. 4.12 “DTC” 2.03 “Event of Default” 6.01 “incur” 4.11 “Interest Payment Date” Exhibit A “Junior Debt” 4.09 “Legal Defeasance” 8.02 “Material Tax Consequence” 4.12 “Milestones” 4.27(a) “Milestones Breach” 4.27(b) “Noteholder Direction” 6.02 “Offer Amount” 3.09 “Offer Period” 3.09 “Offer to Purchase” 4.12 “Paying Agent” 2.03 “Permitted Debt” 4.11 “Permitted Refinancing Debt” 4.11 “PIK Interest” Exhibit A “PIK Notes” 2.01 “PIK Payment” Exhibit A “Position Representation” 6.02 “Purchase Date” 3.09 “Registrar” 2.03 “Related Party Transaction” 4.13 “Restricted Payments” 4.09

Dividend Restriction has the meaning specified in Section 4.20(d). “Domestic Subsidiary” means any Subsidiary other than a Foreign Subsidiary. “DTC” means The Depository Trust Company. “EBITDA” shall mean, for any Person for any period, Consolidated Net Income of such Person for such period, adjusted by (x) adding thereto, without duplication: (1) Consolidated Interest Expense for such period to the extent deducted in determining such Consolidated Net Income; (2) Consolidated Amortization Expense for such period to the extent deducted in determining such Consolidated Net Income; (3) Consolidated Depreciation Expense for such period to the extent deducted in determining such Consolidated Net Income; (4) Consolidated Tax Expense for such period to the extent deducted in determining such Consolidated Net Income; (5) business optimization or integration expenses and other restructuring charges, reserves or expenses (which, for the avoidance of doubt, shall include, without limitation, the effect of inventory optimization programs, facility consolidations, retention, systems establishment costs, contract termination costs, future lease commitments and excess pension charges); (6) any costs or expense incurred pursuant to any stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, preferred stock or other rights, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of such Person or net cash proceeds of an issuance of Equity Interests of such person (other than Disqualified Equity Interests) solely to the extent that such net cash proceeds are excluded from the calculation in Section 4.17(a)(3) hereof; (7) the amount of cost savings, operational expense improvements and synergies projected by such person in good faith to be realized as a result of actions taken or expected to be taken during such period (calculated on a Pro Forma Basis as though such cost savings, operational expense improvements and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions; provided that (x) such cost savings, operational expense improvements and synergies are reasonably identifiable and factually supportable and (y) such cost savings, operational expense improvements and synergies being added pursuant to this clause (7) are expected to be realized w...

Dividend Restriction has the meaning set forth in Section 4(c).

Dividend Restriction means that neither the Issuer nor the Holding Company may (a) declare or pay a dividend (other than payment by the Holding Company of a final dividend declared by its shareholders prior to the Relevant Dividend Payment Date, or a dividend paid by the Issuer to the Holding Company or to another wholly-owned Subsidiary) on any of their respective ordinary shares, other preference shares or other share capital or (b) redeem, purchase, reduce or otherwise acquire any of their respective share capital, other than shares of the Issuer held by the Holding Company or a wholly-owned Subsidiary (or set aside any sum or establish any sinking fund for the redemption, purchase or other acquisition thereof), until the earlier of (1) the date on which the Issuer next declares and pays (or sets aside a sum to provide for payment of) in full a Preference Dividend and (2) the date on or by which all of the Series 1 Dollar Preference Shares are either redeemed in full or purchased by or for the account of the Issuer, in each case in accordance with the Articles and the terms of the Series 1 Dollar Preference Shares.