Projected Dividend Amount definition
Projected Dividend Amount for the RP and the Other RP shall mean, initially, if the date of determination is a Valuation Date, the amount of cash dividends, based on the number of shares of RP and the Other RP outstanding on such Valuation Date, projected to accumulate on such shares from such Valuation Date until the 70th day after such Valuation Date, at the following dividend rates:
Projected Dividend Amount for the Preferred Stock shall mean, if the date of determination is a Valuation Date, the amount of dividends, based on the number of shares of Preferred Stock outstanding on such Valuation Date, projected to accumulate on such shares from such Valuation Date through the 63rd day after such Valuation Date, at the following dividend rates.
Projected Dividend Amount means, with respect to the APS, on any Valuation Date, an amount equal to (i) the number of days, if any, from and after the last day of the then current Rate Period, until 47 calendar days from such Valuation Date, multiplied by (ii) a rate equal to the Maximum Rate for a Minimum Dividend Period multiplied by the larger of (A) the applicable S&P Volatility Factor or (B) any other volatility factor then required by any Other Rating Agency.
More Definitions of Projected Dividend Amount
Projected Dividend Amount for the Preferred Stock means, if the date of determination is a Valuation Date, the amount of dividends, based on the number of shares of Preferred Stock outstanding on such Valuation Date, projected to accumulate on such shares from such Valuation Date through the sixty-third day after such Valuation Date, at the following dividend rates:
Projected Dividend Amount means, with respect to the the APS, on any Valuation Date on the event the then current Dividend Period will end within 47 calendar days of such date, from and after the last days of such Dividend Period until 47 calendar days less the number of days remaining in the current Dividend Period at an Applicable Rate equal to the Maximum Rate for such Dividend Period multiplied by the larger of the factors (currently 304%) that the Fund has been informed by Moody's and S&P is applicable to the Projected Dividend Amount and designed to take into account increases in dividends rates over such period.
Projected Dividend Amount means, with respect to the Preferred Shares, on any Valuation Date the aggregate amount of dividends that would accumulate during the period beginning on the next Dividend Payment Date that follows such Valuation Date and ending on a date 47 days after such Valuation Date at a dividend rate equal to the Maximum Dividend Rate for a Dividend Period of 28 days or less (or at the Non-Payment Period Rate if such calculation is made during a Non-Payment Period) multiplied by the larger of the Moody's Volatility Factor or the S&P Volatility Factor determined from time to time by Moody's and S&P, respectively.
Projected Dividend Amount means, with respect to the shares of any series of APS, on any Valuation Date, an amount equal to (i) the number of days, if any, greater than zero from and after the last day of the then current Rate Period until 48 calendar days from such Valuation Date, multiplied by (ii) a rate equal to the Maximum Rate for Minimum Dividend Period multiplied by the larger of (A) the applicable Moody's Volatility Factor or (B) the applicable S&P Volatility Factor.
Projected Dividend Amount for the AMPS as of any AMPS Basic Maintenance Amount Evaluation Date, means the amount of dividends, based on the number of AMPS outstanding on such AMPS Basic Maintenance Amount Evaluation Date, projected to accumulate on such shares from such AMPS Basic Maintenance Amount Evaluation Date until the 65th day, as specified below, after such AMPS Basic Maintenance Amount Evaluation Date at the following rates:
1. for purposes of calculating the AMPS Basic Maintenance Amount for the S&P Eligible Assets in all instances and for purposes of calculating the AMPS Basic Maintenance Amount for the Moody's Eligible Assets for AMPS Basic Maintenance Amount Evaluation Dates occurring on the Date of Original Issue, the first following AMPS Basic Maintenance Amount Evaluation Date, the first Dividend Payment Date and thereafter, the Projected Dividend Amount shall be calculated in the following manner:
(i) for the period beginning on the AMPS Basic Maintenance Amount Evaluation Date and ending on the first following Dividend Payment Date, the Applicable Rate in effect as of such AMPS Basic Maintenance Amount Evaluation Date;
(ii) for the period beginning on such first following Dividend Payment Date and (A) ending on the second following Dividend Payment Date (in the case of an AMPS Basic Maintenance Amount Evaluation Date immediately preceding a Dividend Payment Date) or (B) on the 65th day following such AMPS Basic Maintenance Amount Evaluation date (in the case of any other AMPS Basic Maintenance Amount Evaluation Date), the product of the Maximum Applicable Rate on the last occurring Auction Date and 2.34 (for purposes of determining the AMPS Basic Maintenance Amount for the Moody's Eligible Assets) or 2.58 (for purposes of determining the AMPS Basic Maintenance Amount for the S&P Eligible Assets); and
(iii) in the case of an AMPS Basic Maintenance Amount Evaluation Date immediately preceding a Dividend Payment Date for the period beginning on the second following Dividend Payment Date and ending on the 65th day following such AMPS Basic Maintenance Amount Evaluation Date, the product of 3.16 (for purposes of determining the AMPS Basic Maintenance Amount for the Moody's Eligible Assets) or 2.85 (for purposes of determining the AMPS Basic Maintenance Amount for the S&P Eligible Assets) and the Maximum Applicable Rate on the last occurring Auction Date;
Projected Dividend Amount means, with respect to the AMPS, on any date: