Minimum Legally Required Dividend definition

Minimum Legally Required Dividend means, for any Brazilian Person and any period, an amount equal to the aggregate minimum dividends required to be distributed under applicable Brazilian law by such Person to holders of its Equity Interests during such period.
Minimum Legally Required Dividend means, for any person and any period, an amount equal to (i) 30% of such person’s annual consolidated net income, determined on a Chilean GAAP basis, if such amount is required to be paid as a dividend under the Chilean Corporations Law, or (ii) such other amount that the Chilean Corporations Law, or such other law, regulation or statute which replaces, supersedes or succeeds it, would establish in the future as the minimum dividend required to be distributed by a publicly held corporation to holders of its Capital Stock during such period.”
Minimum Legally Required Dividend means, for any Person and any period, an amount equal to the sum of (a) the minimum dividend required to be distributed under applicable Brazilian law and regulation by such Person to holders of its Capital Stock during such period and (b) the minimum dividend required to be distributed to holders of Preferred Stock in such Person during such period so as to avoid such holders from acquiring or maintaining any voting rights under Brazilian law.

More Definitions of Minimum Legally Required Dividend

Minimum Legally Required Dividend means, for any Person and any period, an amount equal to the minimum dividend required to be distributed under applicable Argentine law by such Person to holders of its Capital Stock.
Minimum Legally Required Dividend means, for any Person and any period, an amount equal to the minimum dividend required to be distributed under applicable law by such Person to holders of its Capital Stock during such period.
Minimum Legally Required Dividend means, for any Person and any period, an amount equal to the sum of (a) the minimum dividend required to be distributed under applicable Brazilian law and regulation by such Person to holders of its Capital Stock during such period and (b) the minimum dividend required to be distributed to holders of Preferred Stock in such Person during such period so as to avoid such holders from acquiring or maintaining any voting rights under Brazilian law; provided that such amount shall include any accumulated and unpaid minimum dividends by such Person if the CVM provides written notice that such payment is required in order for such Person to be in compliance with Article 202, Paragraph 5 of the Brazilian Corporate Law.” “Moody’s” means Xxxxx’x Investors Service, Inc. and its successors. “Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or 16
Minimum Legally Required Dividend means, for any Person and any period, an amount equal to the sum of (a) the minimum dividend required to be distributed under applicable Brazilian law and regulation by such Person to holders of its Capital Stock during such period and (b) the minimum dividend required to be distributed to holders of Preferred Stock in such Person during such period so as to avoid such holders from acquiring or maintaining any voting rights under Brazilian law; provided that such amount shall include any accumulated and unpaid minimum dividends by such Person if the CVM provides written notice that such payment is required in order for such Person to be in compliance with Article 202, Paragraph 5 of the Brazilian Corporate Law.” “Moody’s” means Xxxxx’x Investors Service, Inc. and its successors. “Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or 16 “Legal Defeasance” has the meaning specified in Section 1302. “Lien” means any mortgage, pledge, security interest, fiduciary assignment (cessão fiduciária e alienação fiduciária), encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof). “Luxembourg” means the Grand Duchy of Luxembourg. “Luxembourg Listing Agent” means the Person named as such in the first paragraph of this Indenture until a successor shall have been appointed pursuant to the applicable provisions of this Indenture, and thereafter “Luxembourg Listing Agent” shall mean such successor. “Luxembourg Paying Agent” means the Person named as such in the first paragraph of this Indenture until a successor shall have been appointed pursuant to the applicable provisions of this Indenture, and thereafter “Luxembourg Paying Agent” shall mean such successor. “Luxembourg Transfer Agent” means the Person named as such in the first paragraph of this Indenture until a successor shall have been appointed pursuant to the applicable provisions of this Indenture, and thereafter “Luxembourg Transfer Agent” shall mean such successor. “Maintenance Covenant Breach” has the meaning specified in Section 501. “Matu...

Related to Minimum Legally Required Dividend

  • Minimum Transfer Amount means, with respect to a party, the amount specified as such for that party in Paragraph 11(b)(iii)(C); if no amount is specified, zero.