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.

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

• All Ordinary Dividends on Company Stock held in Trust shall be held by the Trustee and reinvested as directed by the Committee.

• The amount of Ordinary Dividends credited by the Company to a Participant’s Account.

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

• The Committee shall allocate such Ordinary Dividends among the Accounts pro rata to the shares allocated to each Account.

• Ordinary Dividends The portion of dividends received by non-U.S. Investors payable out of our earnings and profits that are not attributable to gains from sales or exchanges of USRPIs will generally be subject to U.S. federal withholding tax at the rate of 30%, unless reduced or eliminated by an applicable income tax treaty.

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 (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 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 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.”