Senior Dividend Securities definition

Senior Dividend Securities means the Senior Securities authorized as of the initial date of this Certificate (of which there are none) and any class of capital stock or series of preferred stock established by the Board, the terms of which expressly provide that such class or series ranks senior to the 6% Senior Preferred Stock with respect to dividends or distributions.
Sample 1Sample 2Sample 3
Senior Dividend Securities means any class of capital stock or series of preferred stock established by the Board, the terms of which expressly provide that such class or series ranks senior to the Senior Preferred Stock with respect to dividends or distributions.
Sample 1Sample 2

Examples of Senior Dividend Securities in a sentence

  • No full dividends may be declared or paid or funds set apart for the payment of dividends on any securities except for Senior Dividend Securities, if any, for any period unless full cumulative dividends shall have been paid or set apart for such payment on the 6% Senior Preferred Stock.

  • The Series D Preferred Stock shall be subject to the creation of Junior Dividend Securities and Junior Liquidation Securities (collectively, "Junior Securities"), but no Parity Dividend Securities or Parity Liquidation Securities (collectively, "Parity Securities") (other than the Series B Preferred Stock) or Senior Dividend Securities or Senior Liquidation Securities (collectively, "Senior Securities") shall be created except in accordance with the terms hereof.

  • We discard employment spells of workers with more than one employment spell in a given year.

  • With respect to dividends or distributions, the 6% Senior Preferred Stock will rank (i) senior to the Junior Securities and any other Junior Dividend Securities; (ii) on parity with the Parity Securities and any Parity Dividend Securities; and (iii) junior to the Senior Securities and any Senior Dividend Securities.

  • Consultants and personal services contract, costing $5,000 and over, must have DWS review and written compliance certification before the contract is finalized.

  • The Company will not have the right to issue shares of Senior Securities, Parity Securities, Parity Dividend Securities or Senior Dividend Securities without the prior written consent of a majority of the holders of Senior Preferred Stock.

  • With respect to dividends or distributions, the Senior Preferred Stock will rank (i) senior to the Junior Securities and any other Junior 3 4 Dividend Securities; (ii) on parity with any Parity Dividend Securities; and (iii) junior to the Senior Dividend Securities.

  • To that end, all kindergartens and schools in Norway were closed on 12 March 2020.3 On 27 April 2020, kindergartens and elementary schools up to the 4th grade opened again.

Related to Senior Dividend Securities

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Junior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Series A Preferred Units, including Common Units and Non-Voting Common Units, but excluding any Series A Parity Securities and Series A Senior Securities.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Dividend Shares means any shares of Common Stock issuable in lieu of cash dividends paid or to be paid on the Series A Preferred.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • 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.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of the Company or any Restricted Subsidiary held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory consolidated federal, state and local income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Preferred Stock.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.