Participating Dividend definition

Participating Dividend has the meaning set forth in Section 5(b)(i).

Participating Dividend has the meaning set forth in Section 4(f).

Participating Dividend shall have the meaning ascribed to it in Section 4(a).

Examples of Participating Dividend in a sentence

• No cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required shall be paid or set aside for payment on the Common Stock unless a Participation Dividend in respect of such dividend shall be have been paid.

• To the extent that the Company establishes or adopts a stockholder rights plan or agreement (i.e., a “poison pill”), the Company shall ensure that the Holders will receive, as an In-Kind Participating Dividend, rights under the stockholder rights plan or agreement with respect to any shares of Common Stock that at the time of such distribution would be issuable upon conversion of the Preferred Shares.

• The dividends and distributions on the Series B Preferred Stock pursuant to this paragraph are hereinafter referred to as "Participating Dividends." The Corporation shall declare each Participating Dividend immediately prior to or at the same time it declares any cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required to be paid.

• The Corporation shall declare each Participating Dividend at the same time it declares any cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required to be paid.

• The Company shall declare each Participating Dividend at the same time it declares any cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required to be paid.

More Definitions of Participating Dividend

Participating Dividend means any cash dividends on shares of Common Stock paid, solely if the aggregate per share dividends paid on shares of Common Stock in any calendar quarter, when declared, exceeds $0.15 per share, as adjusted (i) for any stock split, stock dividend, reverse stock split, reclassification or similar transaction and (ii) consistent with the adjustment of the Conversion Price under Section 11.

Participating Dividend means, with respect to any share of Designated Preferred Stock, a dividend payable in accordance with Section 2.

Participating Dividend means a “Participating Dividend” as defined in the Certificate of Designations.

Participating Dividend or “Participating Dividends” shall have the meanings ascribed to such terms in Section (A) of Article IV.

Participating Dividend has the meaning set forth in Section 7.7(h).

Participating Dividend means a “Participating Dividend” as defined in the Certificate of Designations. “Payment Recipient” has the meaning assigned to it in Section 8.10(a).

Participating Dividend means the dividend which, subject to the conditions in subparagraph 1C, the Corporation is required to declare on Shares whenever a dividend is declared on shares of Common Equity.