PIK Dividend definition
PIK Dividend means a dividend accrued on each share of Series A-1 Preferred Stock and paid in shares (including fractional shares) of Series A-1 Preferred Stock.
PIK Dividend shall have the meaning set forth in Section 3(a).
PIK Dividend has the meaning set forth in Section 4(c).
Examples of PIK Dividend in a sentence
Pubco will use its commercially reasonable efforts to provide the Holder Majority with written notice promptly following the meeting of the Board of Directors at which a PIK Dividend is approved.
More Definitions of PIK Dividend
PIK Dividend means, with respect to any Preferred Stock of any Person, any dividend or other distribution accrued, declared or paid on or in respect of such Preferred Stock in accordance with its terms, which dividend or other distribution (i) consists entirely of Equity Interests of such Person or (ii) accrues but does not become payable unless and until the occurrence of (x) the liquidation or dissolution of such Person or a Deemed Liquidation Event or (y) a redemption of such Preferred Stock (such dividend or distribution described in this clause (ii) being an “Accruing Dividend”).
PIK Dividend means, with respect to any Preferred Stock of any Person, any dividend or other distribution accrued, declared or paid on or in respect of such Preferred Stock in accordance with its terms, which dividend or other distribution (i) consists entirely of Equity Interests of such Person or (ii) accrues but does not become payable unless and until the occurrence of (x) the liquidation or dissolution of such Person or a Deemed Liquidation Event or (y) a redemption of such Preferred Stock (such dividend or distribution described in this clause (ii) being an “Accruing Dividend”)
PIK Dividend shall have the meaning ascribed to it in Section (C) of Article IV.
PIK Dividend has the meaning set forth in the recitals hereof.
PIK Dividend has the meaning set forth in the Certificate of Designation. “Registration Rights Agreement” means that certain Registration Rights Agreement to be entered into by the Company and the Investor, the form of which is set forth as Exhibit B hereto. “Required Holders” has the meaning set forth in the Certificate of Designation. “Requisite Stockholder Approval” has the meaning set forth in the Certificate of Designation.
PIK Dividend means any and all dividends on the Closing Shares payable in additional shares of Series X Preferred pursuant to the Certificate of Designations.
PIK Dividend shall have the meaning set forth in Section 31.4(a).