Ordinary Dividends definition

Ordinary Dividends means, in respect of any Entity, ordinary cash dividends declared and paid out of surplus and/or net profits (as determined in accordance with applicable law) in accordance with the dividend policy of such Entity as in effect from time to time; provided, however, that notwithstanding the foregoing, the excess, if any, of (a) the aggregate amount of dividends declared and paid by such Entity in any Fiscal Year over (b) 50% of such Entity’s and its Subsidiaries’ consolidated net income (determined in accordance with GAAP) for the immediately preceding Fiscal Year shall not constitute “Ordinary Dividends” to the extent of such excess.

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Ordinary Dividends means cash dividends paid to the holders of capital stock of the Borrower in the ordinary course of business.

Ordinary Dividends means dividends other than capital gains dividends.

Examples of Ordinary Dividends in a sentence

• Schedule B – Interest and Ordinary Dividends ...........................................................................................1.

• Upon the occurrence and during the continuation of any Event of Default, the foregoing rights shall terminate, and you shall be entitled to have and exercise all such voting and consensual rights and to retain all such Ordinary Dividends as part of the Collateral hereunder.

• However, if the employee had already returned to Federal civilian service prior to the issuance of the Presidential memorandum on November 14, 2003, or was not granted the five (5) days of excused absence for a second or subsequent deployment, he or she may take the five (5) days of excused absence at a time mutually agreeable to the employee and the Agency .

• For so long as no Event of Default (defined herein) has occurred and is continuing, I shall be entitled to (a) have and exercise all voting and consensual rights and powers pertaining to the Shares or any other securities included in the Collateral, (b) receive any and all Ordinary Dividends with respect to the Shares free and clear of this pledge, and (c) direct that any other cash held in the Account be applied to payment of the Secured Obligations.

• If necessary and I so request, you shall issue appropriate instructions to WSI as to my voting and consensual rights and rights to receive Ordinary Dividends and apply payments to the Secured Obligations as provided in this paragraph.

More Definitions of Ordinary Dividends

Ordinary Dividends. ’ means the dividends in respect of the Ordinary Securities; ‘‘Ordinary Securities’’ means the ordinary shares of the Company;

Ordinary Dividends means dividends paid by the Company other than Capital Gains Dividends. “Portfolio” means the Company’s investment portfolio.

Ordinary Dividends means dividends paid by a mutual fund corporation which it does not elect to pay out of capital gains.

Ordinary Dividends means (i) the Company’s quarterly dividend of $0.115 per share declared on January 17, 2018 to the extent unpaid as of the date of this Agreement and (ii) the Company’s quarterly dividend to be declared on or about April 19, 2018, if any, in an amount not to exceed $0.115 per share.

Ordinary Dividends with respect to a Subsidiary means the payment of ordinary dividends by such Subsidiary in the ordinary course of business consistent with the past practice of such Subsidiary plus additional amounts reasonably necessary to allow Company to satisfy its obligations in Section 5.15(i) above; provided that such amounts are permitted to be distributed without the approval or consent of any applicable regulatory authorities.

Ordinary Dividends means dividends paid in the normal course which are not special dividends, as determined by the Calculation Agent acting in good faith according to industry practice.

Ordinary Dividends means normal, ordinary course, recurring dividends made by the Company on any of its Equity Interests and shall not include special, non-recurring distributions.”