Liquidating Dividend definition

Liquidating Dividend means any dividend or other distribution in respect of any Common Stock or Class B Stock paid in connection with the liquidation, dissolution, bankruptcy or winding up of the Company, any merger of the Company or any sale or other conveyance of all or substantially all the assets of the Company.

Liquidating Dividend has the meaning set forth in Section 4 hereof.

Liquidating Dividend is defined in Section 9.9.

Examples of Liquidating Dividend in a sentence

• During the Subordination Period only, all dividends paid to shareholders will be treated as either a dividend from Operating Surplus or a Liquidating Dividend.

• The Base Dividend will be reduced in the same proportion that the Liquidating Dividend had to the fair market value of the Class A Common Shares prior to the payment of the dividend.

• The Liquidation Value of any PBGC Preferred Share shall be reduced by the amount of any Liquidating Dividend paid in respect of such Share.

• Such adjustment shall become effective immediately at the opening of business on the Business Day next following the record date for the determination of shareholders entitled to receive such Liquidating Dividend.

• Notwithstanding the foregoing or anything to the contrary herein, the starting dividend that will be paid shortly after consummation of the Merger will not be treated as being paid from Operating Surplus and will not be treated as a Liquidating Dividend.

More Definitions of Liquidating Dividend

Liquidating Dividend shall have the meaning set forth in Section 10(c).

Liquidating Dividend means a dividend upon the Common Stock payable otherwise than in cash out of earnings or earned surplus (determined in accordance with generally accepted accounting principles, consistently applied) except for a stock dividend payable in shares of Common Stock.

Liquidating Dividend shall have the meaning set forth in paragraph 3B.

Liquidating Dividend means a dividend upon the Common Stock payable otherwise than in cash out of legally available funds (determined in accordance with generally accepted accounting principles, consistently applied) except for a stock dividend payable in shares of Common Stock.

Liquidating Dividend has the meaning assigned thereto in Section 1.7.

Liquidating Dividend shall have the meaning set forth in Section 5. --------------------

Liquidating Dividend is defined in Section 7 of this Note.