Dividend Waiver definition

Dividend Waiver. The Limited Recourse Trustee, as trustee of the Limited Recourse Trust, will, by written notice, provide to the Bank a waiver (the “Dividend Waiver”) of its right to receive any and all dividends on the Preferred Shares during the period from, and including, the date of the waiver to and including the earlier of (i) the date upon which the Limited Recourse Trustee, as trustee of the Limited Recourse Trust, provides, by written notice, a revocation of such Dividend Waiver to the Bank, and (ii) the date upon which the Limited Recourse Trustee, as trustee of the Limited Recourse Trust, is no longer a beneficial and registered holder of the Preferred Shares. Accordingly, no dividends are expected to be declared or paid on the Preferred Shares while the Preferred Shares are held by the Limited Recourse Trustee. The Dividend Waiver is applicable to the Limited Recourse Trustee and will not bind a subsequent holder of the Preferred Shares. The Bank will provide a covenant to the Limited Recourse Trustee that, at any time while the Preferred Shares are held by the Limited Recourse Trustee and the Dividend Waiver is no longer in effect, if it does not declare and pay dividends in full on the Preferred Shares, it will not declare or pay cash dividends on any of its other outstanding series of Class A Preferred Shares.
Dividend Waiver has the meaning given in the document entitled “Shareholder Communication” from MIHC addressed to each holder of shares in MIHC dated 20 February 2014;
Dividend Waiver has the meaning set forth in Section 2.1(a).

Examples of Dividend Waiver in a sentence

  • The terms of this Joinder shall be governed by, enforced and construed and interpreted in a manner consistent with the provisions of the Dividend Waiver.

  • Subject only to its receipt of the Special Dividend on or prior to October 31, 2011, the Investor hereby irrevocably agrees to cause the Series B Director to resign from the Company Board, effective as of the close of business on October 31, 2011, and hereby irrevocably waives, on its own behalf and on behalf of any transferee, any right to appoint a Series B Director, commencing on (and including) November 1, 2011 (such waiver, together with the Dividend Waiver and the Voting Waiver, the “Waived Terms”).

  • The individual conditions and the quantity of options granted to each beneficiary are described in the adhesion term signed by each one of the beneficiaries.On December 19, 2013 the Board of Directors also received the Dividend Waiver rule approved by the Board of Directors of Companhia de Bebidas das Américas – Ambev on December 22, 2010.

  • The Administrative Agent and the Lenders signatory hereto hereby consent to the December 2021 Dividend Waiver, the Investment Waiver and the Merger Waiver.

  • MHCs that meet all of these conditions may waive their right to receive dividends from a subsidiary after providing the Dividend Waiver Notice to the Board.

  • The Shareholders acknowledge and agree that they shall not be entitled to receive and the Company shall not be obligated to make to any Shareholder, either prior to or following the Closing, any payment for any dividends on the Series B Preferred that have accrued or that shall accrue during the Dividend Waiver Period unless the Merger Agreement shall be validly terminated pursuant to Article 9 thereof.

  • Except as expressly set forth in any such Company Option Dividend Waiver, the Company shall not provide any remuneration to any of the holders of Company Stock Options in exchange for the waiver contemplated by this Section 5.16.

  • Lender hereby grantsthe Dividend Waiver for a period through and including the New Maturity Date.

  • The Company will take all action necessary in accordance with applicable law and its governing documents to duly call, give notice of, and convene meetings of its holders of Preferred Stock and Company Common Stock, or to otherwise take such necessary action to consider and vote upon or consent to the approval of (i) this Agreement and the transactions contemplated hereby (including the Merger), (ii) the Merger Liquidation Exemption and (iii) the Dividend Waiver.

  • Journal of Political Economy, 105(6), 1121-1166.Attias-Donfut, C., Ogg, J.


More Definitions of Dividend Waiver

Dividend Waiver means that certain Wxxxxx, dated as of November 22, 2022, made by Searchlight III CVL, L.P., as the holder of all issued and outstanding shares of Series A Preferred Stock.
Dividend Waiver means the waiver that the Limited Recourse Trustee will, by written notice, provide to the Bank immediately following the issue of the Preferred Shares to the Limited Recourse Trustee, waiving its right to receive any and all dividends on the Preferred Shares during the period from and including the date of such waiver to and including the earlier of (i) the date upon which the Limited Recourse Trustee provides, by written notice, a revocation of such waiver to the Bank and (ii) the date upon which the Limited Recourse Trustee is no longer a registered holder of the Preferred Shares.
Dividend Waiver means that certain Waiver, dated as of November 22, 2022, made by Searchlight III CVL, L.P., as the holder of all issued and outstanding shares of Series A Preferred Stock.

Related to Dividend Waiver

  • 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).

  • 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.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

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