Dividend Stopper Undertaking definition

Dividend Stopper Undertaking means, collectively, (a) the covenants of TCPL set forth in Section 3.4(a) and (b) of this Agreement and (b) the covenants of TCC set forth in Section 3.5 of this Agreement.
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Examples of Dividend Stopper Undertaking in a sentence

  • In addition to the Dividend Stopper Undertaking, Emera willcovenant for the benefit of the holders of the Notes that it will not create or issue any Emera Preferred Shares which, in the event of insolvency or winding-up of Emera, would rank in right of payment in priority to the Conversion Preferred Shares.

  • Subject to the Dividend Stopper Undertaking, the Notes may bepurchased, in whole or in part, by Emera in the open market or by tender or private contract.

  • It is in the interest of the Bank to ensure, to the extent within its control, that the Trust pays the interest on the BMO Tier 1 Notes — Series A in cash on each Interest Payment Date so as to avoid triggering the Dividend Stopper Undertaking.

  • It is in the interest of CIBC to ensure, to the extent within its control, that the Trust pays the interest on the CIBC Tier 1 Notes in cash on each Interest Payment Date (as defined herein) so as to avoid triggering the Dividend Stopper Undertaking.

  • The Dividend Stopper Undertaking is in the Share Exchange Agreement MaCS − Series A.

  • It is in the interest of CLA and CLF to ensure, to the extent within their control, that the Trust pays the Indicated Yield on the CLiCS on each Regular Distribution Date so as to avoid triggering the Dividend Stopper Undertaking.

  • The shutdown originally planned for next week will be voluntarily delayed by the electrician until after the holiday weekend.

  • Subject to the Dividend Stopper Undertaking, each series ofNotes may be purchased, in whole or in part, by Emera in the open market or by tender or private contract.

Related to Dividend Stopper Undertaking

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Performance Undertaking means that certain Performance Undertaking, dated as of the Closing Date, by Performance Provider in favor of Seller, substantially in the form of Exhibit XI, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Restricted Stock Agreement means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • group undertaking means the Company or another undertaking in the group;

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Common Stock Agreement means an agreement executed by a Common Stockholder and the Company as contemplated by Section 5, below, which imposes on the shares of Common Stock held by the Common Stockholder such restrictions as the Board or Committee deem appropriate.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • Existing ship means a ship which is not a new ship.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Existing Shares means shares of the Company Common Stock Beneficially Owned by Stockholder as of the date hereof.

  • Confidentiality Undertaking means a confidentiality undertaking in substantially the appropriate form recommended by the LMA from time to time or in any other form agreed between the Borrowers and the Facility Agent.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Exchangeable Share Provisions means the rights, privileges, restrictions and conditions attaching to the Exchangeable Shares;

  • Existing Registration Rights Agreement shall have the meaning given in the Recitals hereto.

  • unanimous shareholder agreement means either: (i) a lawful written agreement among all the shareholders of the Corporation, or among all the shareholders and one or more persons who are not shareholders; or (ii) a written declaration of the registered owner of all of the issued shares of the Corporation; in each case, that restricts, in whole or in part, the powers of the directors to manage, or supervise the management of the business and affairs of the Corporation, as from time to time amended.