Permitted Dividend Amount means, for any taxable period, the amount by which the Dividend Limitation for the taxable year exceeds the aggregate Permitted Shareholder Tax Distributions paid by the Borrower for such year pursuant to Section 7.5(m)(i) or 7.6(a) hereof, including distributions paid or loans made by the Borrower within 105 days after the end of the taxable year for which a distribution is paid or loan is made; provided, that:
Permitted Dividend Amount means, at any time, an amount equal to the sum of (a) $40,000,000, plus (b) if positive, an amount equal to 50% of Consolidated Net Income for the period from the Restatement Effective Date to the end of the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 7.01(a) or (b), minus if negative, 100% of such loss for such period.
Permitted Dividend Amount means, in respect of any Subject Fiscal Quarter, $8,250,000.
Examples of Permitted Dividend Amount in a sentence
Total Permitted Dividend Amount means the aggregate of all Permitted Dividend Amounts paid to Pendal Shareholders.
Total Cash Pool means $757,103,392 less the Total Permitted Dividend Amount.
Ordinary Dividend an ordinary dividend which is declared by WPP AUNZ inconjunction with the announcement of WPP AUNZ's 31 December 2020 financial results which:1 does not exceed an amount per WPP AUNZ Share equal to the Permitted Dividend Amount; and2 may be fully franked, subject to the availability of franking credits.
This comprises a total of $1.65 cash per Pendal share held, less the Permitted Dividend Amount of 3.5 cents per share which was paid to Pendal shareholders on 15 December 2022 and one Perpetual share for every seven Pendal shares.A total of 54,747,428 Perpetual shares have been issued to Pendal shareholders as part of the consideration.The cash component of the offer, totalling A$619 million, will be funded by a new debt facility.
More Definitions of Permitted Dividend Amount
Permitted Dividend Amount means, for each fiscal quarter of the Borrower, the sum of (x) Specified EBITDA for such fiscal quarter and (y) the lesser of zero or the Negative Permitted Dividend Carry Forward Amount for such fiscal quarter, minus the sum of the (a) the Fleet Maintenance Reserve for such fiscal quarter, (b) the Fleet Renewal Reserve for such fiscal quarter, (c) net interest expenses for such fiscal quarter and (d) cash taxes for such fiscal quarter.
Permitted Dividend Amount shall have the meaning set forth in Section 6.2(a)(ii).
Permitted Dividend Amount means, for each fiscal quarter of the Borrower, (i) the sum of (x) Available Cash for such fiscal quarter and (y) the Permitted Dividend Carry Forward Amount for the immediately preceding fiscal quarter minus (ii) the sum of (a) the Fleet Maintenance Reserve for such fiscal quarter (b) the Fleet Renewal Reserve for such fiscal quarter, and (c) Consolidated Interest Expense for such fiscal quarter; provided that the aggregate amount of all Dividends made pursuant to sub-clause (y) and Sections 9.03(ii) and (iii) shall not exceed US$150,000,000.
Permitted Dividend Amount means, for any taxable period, the amount (determined by a Tax Accountant) by which the Dividend Limitation for the taxable year exceeds the aggregate Permitted Shareholder Tax Distributions paid by the Company for such year pursuant to Section 4.07, including distributions paid or loans made by the Company or LBI Media within 105 days after the end of the taxable year for which a distribution is paid or loan is made; provided, that:
Permitted Dividend Amount means an amount per share (subject to adjustment in the event of a stock split) per annum equal to $0.38 for the 12-month period following the Closing Date, which may be increased by up to $.02 per share per annum; such permitted annual increase to be $.04 per share if the Leverage Ratio is less than 4.5 to 1, $.08 per share if the Leverage Ratio is less than 4.0 to 1, $.11 per share if the Leverage Ratio is less than 3.5 to 1 and $.14 per share if the Leverage Ratio is less than 3.0 to 1.
Permitted Dividend Amount has the meaning set forth in Section 4.01(c).
Permitted Dividend Amount means, (a) with respect to the period prior to December 31, 1997, $5,000,000, and (b) with respect to any fiscal year ending after December 31, 1997, the greater of (i) $20,000,000 and (ii) 40% of the lesser of (A) cumulative Consolidated Net Income and (B) cumulative Excess Cash Flow, in each case, (x) measured from the Closing Date through and including the last day of the fiscal quarter for which financial statements have been delivered to the Paying Agent immediately prior to the date of the applicable dividend and (y) less cumulative dividend payments made during such period (such greater amount referred to as the "Base Dividend Amount"). Notwithstanding the foregoing, if and during any time that the Leverage Ratio as of the last day of the fiscal quarter for which financial statements have been delivered to the Paying Agent immediately prior to any dividend payment is less than 2.75 to 1.00, the Borrower may make dividend payments in addition to the Base Dividend Amount so long as the total amount of dividends on a cumulative basis made during the term of this Agreement pursuant to this proviso shall not exceed $40,000,000, plus 60% of cumulative Consolidated Net Income measured from the Closing Date through and including the last day of the fiscal quarter for which financial statements have been delivered to the Paying Agent immediately prior to the date of the applicable dividend.