Purging Dividend definition

Purging Dividend means the dividend of cash in an aggregate amount not to exceed $200,000,000 and common stock of the Parent (including any cash paid in lieu of fractional shares for stockholders receiving common stock of the Parent) to be declared by the Board of Directors of the Parent and paid by the Parent, consistent with the description thereof set forth in the Form 10.
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Purging Dividend means the dividend that is expected to be distributed after the consummation of the Spin as follows: (i) PCo shall declare and pay to its stockholders as of a record date a dividend for the purposes of distributing its accumulated earnings and profits attributable to its taxable years prior to becoming a real estate investment trust for U.S. federal income tax purposes and (ii) PCo shall pay such dividend in cash, PCo Stock, or a combination thereof.
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Examples of Purging Dividend in a sentence

  • The Purge Delay Price, if any, shall be payable by Buyer to the Sellers (or their designees) in accordance with the Wire Transfer Instructions substantially simultaneous with the delivery by the Sellers of the Purged PCo Shares as contemplated on the date of payment of the Purging Dividend.

Related to Purging Dividend

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Regular Dividend means USD 0.20 per Share per quarter. Upon any adjustment to the “Initial Dividend Threshold” (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market. For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of shares of the Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way” for this purpose.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.