Optional Cash Payments definition

Optional Cash Payments means the cash payments which Participants wish to make in order to participate in the Purchase Plan.
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Optional Cash Payments means additional sums, in excess of reinvested Distributions, which a Participant opts to contribute under the Plan for the purposes of acquiring Plan Shares;
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Optional Cash Payments. A participant's optional cash payment must be made by check or money order, payable to Registrar & Transfer Company, and may not be less than $100 nor more than $3,000 per dividend period. Optional cash payments must be received by R&T no more than 30 business days and no less than two business days prior to a dividend payment date. It is anticipated that future dividend payments will ordinarily be made on February 1, May 1, August 1, and November 1. Payments that are not received within this period will be returned to you. A participant may withdraw his or her entire optional cash payment by written notice to R& T not less than 48 hours before such payment is to be invested.
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Examples of Optional Cash Payments in a sentence

  • The Discount will not apply to purchases made pursuant to Optional Cash Payments.

  • Since no interest is paid on cash held by the Plan Administrator, it normally will be in your best interest to defer Optional Cash Payments until shortly before commencement of the Pricing Period.

  • No interest will be paid by us or the Plan Administrator on Optional Cash Payments held pending investment.

  • For continuity of treatment in respect of their dividends and Optional Cash Payments, participants in the 2009 Plan will automatically be enrolled in the Plan on May 3, 2017 and become Participants in the Plan, unless such Participants forward notice to the Plan Agent exiting from the Plan.

  • AdvantagesThe advantages of participating in DRP include:• A participant may purchase common shares of BCE quarterly with the cash dividends paid on all of the common shares of BCE which are registered in thename of the participant.• A participant may also purchase common shares monthly with Optional Cash Payments.• The price of common shares purchased with cash dividends and Optional Cash Payments will be the applicable Average Market Price.

  • The Agent will apply such funds together with all Optional Cash Payments received to the purchase of common shares for the participants.

  • The primary purposes of the Plan are to provide record holders of the Common Stock with a convenient and economical way of investing cash dividends in additional shares of Common Stock and of making purchases of additional shares of Common Stock by Optional Cash Payments.

  • The Participant will also be entitled to make Optional Cash Payments (as defined below) for the purchase of additional shares of Myers Stock in accordance with the provisions of the Plan.

  • With respect to both reinvested dividends and Optional Cash Payments and whether the shares are acquired directly from us or on the open market, they will be purchased for the Plan at the Market Price, as defined below.

  • Optional Cash Payments in the form of dividends on BCE pre- ferred shares and interest on Bell Canada debentures may not exceed, in the aggregate, a separate limit of Can.


More Definitions of Optional Cash Payments

Optional Cash Payments means payments which Participants wish to make, in addition to the investment of cash distributions, in order to participate in the Purchase Plan. See “Participation in Plans.”
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Related to Optional Cash Payments

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Cash Payment has the meaning assigned by Section 2.7(b)(ii).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Earnout Payments has the meaning set forth in Section 2.06(a).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Designated Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(a)(i).

  • Earn-Out Payment has the meaning set forth in Section 2.3(a).

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Deferred Net Cash Proceeds shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.