Scheduled Dividend definition

Scheduled Dividend means, in respect of each Preference Share and for each Dividend Period, the Preference Dividend calculated in accordance with the formula contained in clause 9.3.5;
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Scheduled Dividend means, for each Preference Share and in respect of each Dividend Period, the dividend calculated in accordance with the Basic Calculation Formula;
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Scheduled Dividend means, in respect of each Preference Share and for each Dividend Period, a cumulative preferential cash dividend calculated in accordance with the formula contained in 9.2.4;
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Examples of Scheduled Dividend in a sentence

  • For the avoidance of doubt, the rescheduling of a Scheduled Dividend Date to an earlier date shall result in an Ordinary Dividend Amount payable on such rescheduled day becoming an Extraordinary Dividend.

  • Extraordinary Dividends: Each dividend or distribution payment (other than any dividend or distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) or (B) of the Equity Definitions) having an ex-dividend date during the Valuation Period, other than the payment of the Ordinary Dividend Amount on each Scheduled Dividend Date.

  • Scheduled Dividend Dates: For each Transaction, as set forth in the Supplemental Confirmation.

  • If (i) the Scheduled Dividend for a Dividend Period is calculated in accordance with the formula contained in clause 9.3.5 of this Memorandum of Association for any Dividend Period, and (ii) at the time of that calculation no Dividend Default has occurred, but (iii) a Dividend Default occurs after such calculation, the Scheduled Dividend for the applicable Dividend Period shall be recalculated at the Default Rate.

  • If (i) the Scheduled Dividend for a Dividend Period is calculated in accordance with the formula contained in Article 10.3.5 of this Constitution for any Dividend Period, and (ii) at the time of that calculation no Dividend Default has occurred, but (iii) a Dividend Default occurs after such calculation, the Scheduled Dividend for the applicable Dividend Period shall be recalculated at the Default Rate.

  • A dividend period (each, a “ Dividend Period”) is the period from and including a Scheduled Dividend Date (or the Issue Date if there has not been a Scheduled Dividend Date) for the Preference Shares to but excluding the immediately succeeding Scheduled Dividend Date.

  • Dividend Payment Dates are 15 March, 15 June and 15 September and 15 December, of each year, with the first Scheduled Dividend Date being 15 March 2018.

  • Discretion of the Board9.2.17 Where, in this 9, there is any reference to any entitlement to or the declaration of any Scheduled Dividend, Additional Dividend or Penalty Dividend, such entitlement or declaration shall be in the sole discretion of the Board, having due regard to its obligations in terms of the Act.

  • The Reference Synthetic Bond is a synthetic instrument that will help the Fund to fulfil its objective of safeguarding Shareholders’ capital on the Termination Date and to pay a 1% of the Initial Subscription Price dividend on each Scheduled Dividend Payment Date.

  • If a Preference Dividend is declared in respect of a Scheduled Dividend Date or the Final Dividend Date, the Company shall be obliged to pay the Scheduled Preference Dividend or Final Dividend (as applicable) that has accrued in accordance with clause 48.5.1.1 in respect of each A Preference Share as at such Scheduled Dividend Date or Final Dividend Date (as applicable).


More Definitions of Scheduled Dividend

Scheduled Dividend has the meaning specified in the Certificate of Designations.
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Scheduled Dividend means, in respect of each Preference Share and for each Dividend Period, the Preference Dividend calculated in accordance with the provisions of clause 40.3.4 of this MOI;
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Related to Scheduled Dividend

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Quarterly Dividend Period means the quarterly period commencing on and including a Dividend Payment Date and ending on and including the day immediately preceding the next subsequent Dividend Payment Date.

  • Regular Dividend means USD 0.75 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.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • 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.

  • 7-Day Dividend Period means a Dividend Period consisting of seven days.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Special Dividend Period means a Dividend Period consisting of (i) a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364 or (ii) a specified period of one whole year or more but not greater than five years (in each case subject to adjustment as provided in paragraph 2(b)(i)).

  • Regular Periodic Cash Dividend means cash dividends paid at regular intervals in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

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

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • Initial Dividend Period means the dividend period commencing on the Issue Date and ending on the first Dividend Payment Date to occur thereafter.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • 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:

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • 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.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Cash Dividend means (i) any Dividend which is to be paid or made in cash (in whatever currency), but other than falling within paragraph (b) of the definition of “Spin-Off” and (ii) any Dividend determined to be a Cash Dividend pursuant to paragraph (a) of the definition of “Dividend”, and for the avoidance of doubt, a Dividend falling within paragraph (c) or (d) of the definition of “Dividend” shall be treated as being a Non-Cash Dividend.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • annual cash dividend means cash dividends paid in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

  • Dividend Date means a date specified in the Issue Resolution on which a dividend in respect of that preference share is payable.