Reinvestment Price definition

Reinvestment Price means the price, expressed as an amount per Common Share, paid by participants in the Corporation's dividend reinvestment plan to reinvest their Dividends in additional Common Shares on a Dividend Payment Date, provided that if the Corporation has suspended the operation of such plan or does not have such a plan, then the Reinvestment Price shall be equal to the Fair Market Value of the Common Shares on the trading day immediately preceding the Divided Payment Date;
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Reinvestment Price means the price, expressed as an amount per Common Share, at which share dividends are deemed to be issued pursuant to the Corporation's share dividend program (or any dividend reinvestment program operated by the Corporation from time to time in lieu of a share dividend program) with respect to the applicable Dividend, provided that if the Corporation has suspended the operation of the share dividend program or does not have any dividend reinvestment program, then the Reinvestment Price shall be equal to the Fair Market Value of the Common Shares determined on the trading day immediately preceding the Dividend Payment Date
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Reinvestment Price means, with respect to any Reinvestment Share or DRIP Share, as applicable, a dollar amount per Reinvestment Share or DRIP Share, as applicable, equal to 97% of the volume-weighted average price per share of Class A Common Stock on the National Securities Exchange or automated or electronic quotation system on which shares of Class A Common Stock are then listed or admitted to trading, as reported by Bloomberg L.P., or its successor, for the five Trading Days immediately preceding, but excluding, the applicable Payment Date.
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Examples of Reinvestment Price in a sentence

  • Upon termination of participation by Termination Notice, a certificate for the number of whole Preferred Shares held by the Plan Agent under the Plan for the account of such Shareholders will be issued to, and in the name of, such Shareholder, together with a cheque for the value of any remaining fraction of a Preferred Share held for the account of such Shareholders (based on the Dividend Reinvestment Price used for Treasury Purchases for the immediately preceding Dividend Payment Date).

  • In certain events described herein, a Shareholder or its legal representative will be entitled to receive a cheque in payment of the value of any fractional Preferred Share interest remaining in such Shareholder’s account based on the Dividend Reinvestment Price for the most recent Dividend Payment Date prior to the applicable event.

  • Upon such termination of participation, a certificate for the number of whole Preferred Shares held by the Plan Agent under the Plan for the account of such Participant will be issued to, and in the name of, such Participant, together with a cheque for the value of any remaining fraction of a Preferred Share held for the account of such Participant (based on the Dividend Reinvestment Price used for Treasury Purchases for the immediately preceding Dividend Payment Date).

  • Dividend Reinvestment Price means the Market Price for that dividend less a discount (if any) determined by the Directors from time to time and notified by the Company to Shareholders.

  • Upon termination of participation by death, a certificate for the number of whole Preferred Shares held by the Plan Agent under the Plan for the account of such Shareholder will be issued to, and in the name of, such Shareholder’s estate, together with a cheque for the value of any remaining fraction of a Preferred Share held for the account of such Shareholder (based on the Dividend Reinvestment Price used for Treasury Purchases for the immediately preceding Dividend Payment Date).

  • Upon termination of the Plan, the Plan Agent will send to each Shareholder a certificate for whole Preferred Shares held for the Shareholder’s account under the Plan and a cheque for the value of any remaining fraction of a Preferred Share in such Shareholder’s account (based on the Dividend Reinvestment Price used for Treasury Purchases for the immediately preceding Dividend Payment Date).

  • The Dividend Reinvestment Price of the Preferred Shares purchased under the Plan in respect of a particular Dividend Payment Date will be $10.00 and may be adjusted from time to time at the discretion of the Corporation.

  • Dividend Reinvestment Price means the Market Price for a Dividend less a discount (if any) determined by the Directors from time to time and notified by the Company to Shareholders.

  • The Dividend Reinvestment Price of the Preferred Shares purchased under the Plan in respect of a particular Dividend Payment Date will be the net asset value per Preferred Share determined as at the Dividend Record Date and may be adjusted from time to time at the discretion of the Corporation.

  • The Reinvestment Price, once determined, will be announced to ASX.

Related to Reinvestment Price

  • Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used.

  • PIPE Investment Amount has the meaning specified in Section 6.16.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Reinvestment Notice a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Reinvestment has the meaning set forth in Section 2.2.

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Reinvestment Period means 450 days following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event, or Permitted Sale Leaseback.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Calculated Principal Distribution As defined in Section 5.03(d).

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

  • Replacement Price means the price, determined by Buyer in a commercially reasonable manner, at which Buyer purchases (if at all) substitute SRECs having the same or subsequent Reporting Year as those SRECs not delivered by Seller for the deficiency or, absent such a purchase, the Market Price for such quantity of SRECs at or during the time that Seller fails to deliver the SRECs, provided that the Market Price shall never exceed the solar alternative compliance payment.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Valuation Price means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Valuation Amount means, in respect of each Mortgaged Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.