Initial Dividend Rate definition

Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

Initial Dividend Rate with respect to the AMPS, means the rate per annum applicable to the Initial Dividend Period for the AMPS and, with respect to Other AMPS, has the equivalent meaning.

Initial Dividend Rate means the rate per annum applicable to the Initial Dividend Period for such series of APS and, with respect to Other APS, has the equivalent meaning.

Examples of Initial Dividend Rate in a sentence

• In the event that the Company shall give notice that the Stock will have an adjustable dividend rate, the "Initial Dividend Rate", applicable only through the date designated by the Company in such notice, shall be the "Base Rate" so designated plus or minus the Applicable Rate Adjustment specified in the successful proposal.

• During the Initial Fixed Rate Period, the Dividend Rate shall be the Initial Dividend Rate.

• The Initial Dividend Rate will increase by 2.0% on each Regular Dividend Payment Date during the Dividend Period (e.g., to 4.0% on March 31, 2017, etc.) for so long as the Series C Preferred Stock remains outstanding.

• The Initial Dividend Rate will increase by 2.0% on each Regular Dividend Payment Date (e.g., to 4.0% on the first Regular Payment Date etc.) for so long as the Series B Preferred Stock remains outstanding.

• The dividend rate on the Preferred Shares during the period from and after the Date of Original Issue to and including the last day of the Initial Rate Period shall be the Initial Dividend Rate.

More Definitions of Initial Dividend Rate

Initial Dividend Rate means, with respect to a series of AMPS, the rate per annum applicable to the Initial Dividend Period for such series of AMPS.

Initial Dividend Rate means, with respect to a series of Preferred Shares, the rate per annum applicable to the Initial Dividend Period for such series of Preferred Shares.

Initial Dividend Rate means the rate per annum established by the Board of Trustees or their designee, applicable to the Initial Dividend Period for such series of APS and, with respect to Other APS, has the equivalent meaning.

Initial Dividend Rate with respect to the Shares, means $5.50 per annum for the Initial Dividend Period for the Shares.

Initial Dividend Rate with respect to the AMPS, means the rate per annum specified herein applicable to the Initial Dividend Period.

Initial Dividend Rate means 5%, multiplied by the number of days from the date of issue to the Initial Payment Date, divided by 365;

Initial Dividend Rate means the rate per annum applicable to the Initial Dividend Period for such series of APS and, with respect to Other APS, has the equivalent meaning. The Initial Dividend Rate shall be ___% for Series A APS and ___% for Series B APS.