Equivalent Dividend definition

Equivalent Dividend has the meaning set forth in Section 2.1(a)(i);

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Equivalent Dividend has the meaning as provided in §1.2;

Equivalent Dividend has the meaning ascribed thereto in Section 2.1(a).

Examples of Equivalent Dividend in a sentence

If the full amount of an Equivalent Dividend is not declared on or about a BEP Distribution Declaration Date, or is declared but is not paid on or about the payment date, then such Class A.1 Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned or authorized (such amounts, the “Unpaid Class A.1 Dividends”).
If the full amount of an Equivalent Dividend is not declared on or about a BIP Distribution Declaration Date, or is declared but is not paid on or about the payment date, then such Class A.1 Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned or authorized (such amounts, the “Unpaid Class A.1 Dividends”).
The Record Date with respect to any Equivalent Dividend declared by the board of directors and the payment date of such Equivalent Dividend will be on or about the Record Date and the payment date, respectively, for the corresponding distribution declared on the BIP Units, each as approved by the board of directors.
The Quarterly Equivalent Dividend Amount shall be equal to 25% of the Regular Dividend divided by the Notional Exchange Ratio.
The Quarterly Equivalent Dividend Amount shall be equal to 25% of the Regular Dividend divided by the Conversion Rate.
Section 4 Dividend Equivalent Dividend Equivalents do not apply to Performance Shares.
The Record Date with respect to any Equivalent Dividend declared by the board of directors and the payment date of such Equivalent Dividend will be on or about the Record Date and the payment date, respectively, for the corresponding distribution declared on the BEP Units, each as approved by the board of directors.

More Definitions of Equivalent Dividend

Equivalent Dividend means a dividend on the Exchangeable Shares, as provided for by the Exchangeable Share Provisions, that is declared and paid on the same day as any dividend declared or paid on the @Road Common Shares;

Equivalent Dividend means: (a) in the case of a cash dividend declared on the Tyco Common Shares, an amount in cash for each Exchangeable Share in U.S. dollars, or, at the option of the board of directors of Exchangeco, the Canadian Dollar Equivalent thereof payable on the Tyco Dividend Declaration Date, in each case equal to the cash dividend declared on each Tyco Common Share multiplied by the number of Tyco Common Shares for which outstanding Exchangeable Shares may be exchanged in accordance with the VETA and divided by the number of Exchangeable Shares then issued and outstanding (the "CONVERSION RATIO"); (b) in the case of a stock dividend declared on the Tyco Common Shares to be paid in additional Tyco Common Shares, additional Exchangeable Shares in the same ratio as the number of Tyco Common Shares issued by way of such stock dividend are to the total number of Tyco Common Shares issued and outstanding immediately preceding such stock dividend; and (c) in the case of a dividend declared on the Tyco Common Shares in property other than cash or additional Tyco Common Shares, such type and amount of property for each Exchangeable Share as is the same as or economically equivalent to (to be determined by the board of directors of Exchangeco as provided in Sections 2.7(a), (b), (d) and (e)) the type and amount of property declared as a dividend on each Tyco Common Share multiplied by the Conversion Ratio.