Quarterly Dividend Amount definition

Quarterly Dividend Amount means the amount determined by dividing (a) the amount resulting from multiplying (i) the Series A Stated Value for all the issued and outstanding Series A Preferred by (ii) the daily basis rate of six percent (6%) per annum; by (b) four (4).

Quarterly Dividend Amount means $0.20 multiplied by the quotient obtained by dividing (x) the number of days between the last day of the quarter for which the Quarterly Dividend Amount on the Toronto Shares has been declared and the Effective Date (including the Effective Date), by (y) the total number of days in the quarter in which the Effective Date occurs;

Quarterly Dividend Amount means an amount determined with regard to each Class A Preferred Unit for each calendar quarter beginning on the date of issuance of such Class A Preferred Unit, equal to the Liquidation Preference of such Class A Preferred Unit multiplied by one fourth of the then-applicable Cash Dividend Rate.

Examples of Quarterly Dividend Amount in a sentence

• The amount of Series B Preferred Dividends accruing with respect to any share of Series B Preferred Stock for any day shall be determined by dividing (x) the Implied Quarterly Dividend Amount with respect to such day by (y) the actual number of days in the Payment Period in which such day falls.

• The amount of Dividends accruing with respect to any share of Series A Preferred Stock for any day shall be determined by dividing (x) the Implied Quarterly Dividend Amount as of such day by (y) the actual number of days in the Dividend Payment Period in which such day falls.

• The Quarterly Dividend Amount is subject to inversely proportional adjustment as and when the Conversion Rate is adjusted pursuant to Sections 9.4(a) and (b).

• The amount of Dividends accruing with respect to any share of Series A Preferred Stock for any day shall be determined by dividing(x) the Implied Quarterly Dividend Amount as of such day by (y) the actual number of days in the Dividend Payment Period in which such day falls.

• In addition, holders of shares of Series B Preferred shall be entitled to receive dividends in the same form and per share amount, and payable at the same time as, any dividends declared or paid with respect to the Series A Preferred or the Common Stock (excluding the Series A Quarterly Dividend Amount, as defined below).

More Definitions of Quarterly Dividend Amount

Quarterly Dividend Amount is defined in Section 9.4.

Quarterly Dividend Amount means an amount equal to $0.20 multiplied by the quotient obtained by dividing (i) the number of days between the last day of the quarter for which a full quarterly dividend on the Trizec Canada Shares has been declared and the Effective Date (including the Effective Date) by (ii) the total number of days in the quarter in which the Effective Date occurs;

Quarterly Dividend Amount means (a) $5,000,000 for each of the periods from (I) the Effective Date to the three month anniversary of the Effective Date and (II) the three month anniversary of the Effective Date to the six-month anniversary of the Effective Date and (b) $6,250,000 for each successive three-month period thereafter (with each such successive period after the initial period under this clause (b) beginning on the first day following the last day of the immediately preceding three-month period); provided that (i) subject to clause (ii) below, the amount for any such three-month period under clause (a) and (b) above shall be increased by the product of (x) $0.30 multiplied by (y) the number of shares of the Borrower’s common stock issued (including by way of exercise of stock option awards) by the Borrower for cash proceeds (other than to a Subsidiary) after the Effective Date and prior to the commencement of such three-month period; and (ii) in no event shall the Quarterly Dividend Amount exceed $9,000,000 for any such three-month period.

Quarterly Dividend Amount shall have the meaning set forth in Section 3(a).

Quarterly Dividend Amount means, with respect to any fiscal quarter of the Borrower, an amount equal to (i)$2,500,000 plus (ii) if and to the extent the Borrower issues shares of its common stock for cash proceeds during the period beginning on the First Amendment Effective Date and ending immediately prior to the commencement of such fiscal quarter (other than any such issuance to a Subsidiary), an additional amount equal to $0.10 multiplied by the aggregate number of shares of such common stock so issued during such period plus (iii) if the Borrower consummates any Permitted Acquisitions after the First Amendment Effective Date and prior to the commencement of such fiscal quarter and the consideration paid by the Borrower for any such acquisition is solely in the form of shares of its common stock, an additional amount equal to $0.10 multiplied by the number of shares of such common stock so issued as consideration for each such Permitted Acquisition.”

Quarterly Dividend Amount in Section 1.01 of the Existing Credit Agreement is amended and restated in its entirety as follows:

Quarterly Dividend Amount means, with respect to any fiscal quarter of the Borrower, an amount equal to (i) $2,500,000 plus (ii) if and to the extent the Borrower issues shares of its common stock for cash proceeds during the period beginning on the First Amendment Effective Date and ending immediately prior to the commencement of such fiscal quarter (other than any such issuance to a Subsidiary), an additional amount equal to $0.10 multiplied by the aggregate number of shares of such common stock so issued during such period plus (iii) if the Borrower consummates any Permitted Acquisitions after the First Amendment Effective Date and prior to the commencement of such fiscal quarter and the consideration paid by the Borrower for any such acquisition is solely in the form of shares of its common stock, an additional amount equal to $0.10 multiplied by the number of shares of such common stock so issued as consideration for each such Permitted Acquisition.”