Initial Dividend definition

Initial Dividend means the distributions described in items (i) and (ii) above per Common Share paid by the Company to all or substantially all holders of its Common Shares during the 2003 calendar year as determined by the Company’s Board of Directors, up to a maximum of $0.44 per Common Share.

Initial Dividend means that certain dividend to be distributed by the Company to its common stockholders contemporaneously with the consummation of the Reverse Merger.

Initial Dividend means an amount equal to the Arrears of Interest which have accumulated up to and including the Assignment Date;

Examples of Initial Dividend in a sentence

• Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

• To the extent permitted under the 1940 Act and Maryland law, upon giving a Notice of Redemption, the Corporation at its option may redeem shares of AMPS, in whole or in part, out of funds legally available therefor, at the Optional Redemption Price per share, on any Dividend Payment Date; provided that no share of AMPS may be redeemed at the option of the Corporation during (A) the Initial Dividend Period with respect to such share or (B) a Non-Call Period to which such share is subject.

• The amount of dividends payable for the Initial Dividend Period or any period shorter than a full Dividend Period shall be computed on the basis of a 360-day year having 30-day months and the actual number of days elapsed in the period.

• The Initial Dividend Threshold shall be subject to adjustment in a manner inversely proportional to adjustments to the Conversion Rate; provided that no adjustment shall be made to the Initial Dividend Threshold for any adjustment to the Conversion Rate pursuant to this Section 14.04(d).

• If the Reference Property is composed solely of non-stock consideration, the Initial Dividend Threshold shall be zero.

More Definitions of Initial Dividend

Initial Dividend means the first dividend paid to holders of the Common Stock after the Issue Date.

Initial Dividend has the meaning set forth in Section 6.11(a).

Initial Dividend means the distributions described above per Common Share paid by us to all or substantially all holders of our Common Shares during the 2003 calendar year as determined by our Board of Directors, up to a maximum of $0.44 per Common Share. The St. Paul Option is exercisable, in whole or in part, at any time prior to the tenth anniversary of the completion of the Public Offering.

Initial Dividend means the distributions described above paid by us to all or substantially all holders of our Common Shares during the 2003 calendar year as determined by our Board of Directors, up to a maximum of $0.44 per Common Share. The RenaissanceRe Option is exercisable, in whole or in part, at any time prior to the tenth anniversary of the completion of the Public Offering. Exercise of the RenaissanceRe Option by RenaissanceRe in full immediately after completion of the Public Offering would increase its percentage interest in our Common Shares to approximately 15%, assuming no exercise of the underwriters', St. Paul's and RenaissanceRe's options to purchase additional Common Shares in connection with the Public Offering. RenaissanceRe has agreed with Platinum Holdings that prior to any exercise of the RenaissanceRe Option, it will, if necessary, dispose of a sufficient number of Common Shares so that, immediately after exercise of the RenaissanceRe Option, RenaissanceRe will not beneficially own more than 19.9% of the voting securities of Platinum Holdings then outstanding (or up to 24.9% with our approval). See "Description of our Common Shares--Restrictions on Transfer". The RenaissanceRe Option provides that it may be transferred by RenaissanceRe (1) in the event of a merger of RenaissanceRe into another person, or a sale, transfer or lease of all or substantially all the assets of RenaissanceRe to another person; provided that such transfer is to the other party to such transaction with RenaissanceRe or (2) at any time on or after the second anniversary of the date of completion of the Public Offering to up to three institutional accredited investors, subject to certain conditions set forth therein. 138 BUSINESS ARRANGEMENTS We will enter into the Services and Capacity Reservation Agreement with RenaissanceRe discussed below, and we also expect to engage in other transactions with RenaissanceRe in the ordinary course of business. The terms of any of our transactions with RenaissanceRe may be less favorable to us than the terms that would be available to us from an independent third party. St. Xxxx and RenaissanceRe have informed us that they expect to engage in transactions in the ordinary course of business.

Initial Dividend. The dividend authorized by the Issuer for distribution to the Originator on the Closing Date pursuant to the Resolution of the Issuer delivered under Section 3.1(a) of this Indenture, which shall not be in excess of U.S.$265,000,000.

Initial Dividend shall have the meaning ascribed to such term in Clause 2.4.3.

Initial Dividend means the distributions to the Issuer's direct or indirect shareholders by way of dividend and/or loans in an aggregate amount not to exceed USD 205,000,000 in connection with the Initial Release.