Series B Dividend Amount definition

Series B Dividend Amount means, (i) with respect to Series B PIK Dividends, a fraction of one share of Series B Redeemable Preferred Stock equal to eight percent (8.0%) per annum of one share of the Series B Redeemable Preferred Stock prorated for any partial year, and (ii) with respect to Series B Redeemable Preferred Stock cash dividends, a cash amount equal to eight percent (8.0%) per annum of the Series B Initial Purchase Price Per Share of all issued and outstanding shares of the Series B Redeemable Preferred Stock, in each case computed on the basis of the actual days elapsed in a year 360 days and cumulated quarterly.
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Series B Dividend Amount means, with respect to each share of Series A Preferred Stock, the aggregate cumulative and unpaid dividends which have accrued through the Closing
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Series B Dividend Amount means, with respect to each share of Series A Preferred Stock, the aggregate cumulative and unpaid dividends which have accrued through the Closing Date in respect of such share of Series B Preferred Stock as determined pursuant to Article V, Section A4 of the Company Charter.
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Examples of Series B Dividend Amount in a sentence

  • Past due payments of the applicable Series B Dividend Amount shall bear interest at a rate of 8% per annum or, if less, the highest rate then permitted by applicable law.

  • The applicable Series B Dividend Amount shall be paid to holders of record of the Series B Redeemable Preferred Stock on each Series B Dividend Payment Date as their names shall appear on the share register of the Corporation on the Series B Record Date immediately preceding such Series B Dividend Payment Date.

  • Notwithstanding the foregoing, the Board of Directors in its discretion may decide to pay the accrued Series B Dividend Amount in the form of Series B PIK Dividends as set forth below.

  • If any Series B Dividend Payment Date occurs on a day that is not a Business Day, any accrued Series B Dividend Amount otherwise payable on such Series B Dividend Payment Date shall be paid on the next succeeding Business Day.

  • Series B PIK Dividends on shares of Series B Redeemable Preferred Stock shall accrue at the applicable Series B Dividend Amount through the Series B Dividend Payment Period.

  • The record holders of the outstanding Series B Redeemable Preferred Stock shall receive be entitled to receive, as and when declared by the Board of Directors out of funds legally available therefor, on each Series B Dividend Payment Date during each Series B Dividend Payment Period, cumulative cash dividends equal to the applicable Series B Dividend Amount for such period.

  • Each calendar quarter immediately preceding the fifteenth day of February, May, August and November (or if the Series B Original Issue Date is not on the first day of a calendar quarter, the period beginning on the date of issuance and ending on the last day of the calendar quarter of issuance) is referred to hereinafter as a "Series B Dividend Period." The initial per share Series B Dividend Amount per annum shall be equal to $1.648.

  • The holder shall be entitled to receive accrued and unpaid dividends, if any, accrued to and including the Series B Conversion Date on the shares of Series B Preferred Stock converted (assuming that such dividends accrue ratably each day that such shares are outstanding based on the Series B Dividend Amount for such quarter), less an amount equal to the pre-conversion portion of the dividends paid on the shares of Common Stock issued upon such conversion (the "Series B Conversion Stock").

  • The amount of dividends payable for each full Series B Dividend Period for each share of the Series B Preferred Stock shall be computed by dividing the per share Series B Dividend Amount by four.

  • The Series B PIK Dividends shall be paid by delivering to each record holder of Series B Redeemable Preferred Stock a number of shares of Series B Redeemable Preferred Stock (which number of shares shall be rounded to the nearest one-thousandth of a share) equal to the number of shares of Series B Redeemable Preferred Stock held by such holder on the applicable Series B Record Date, multiplied by the applicable Series B Dividend Amount.


More Definitions of Series B Dividend Amount

Series B Dividend Amount means, with respect to each share of Series A Preferred Stock, an amount equal to (1) 12% per annum, accruing and compounding on a quarterly basis, of the sum of (i) $2.36918 plus (ii) all accumulated and unpaid dividends thereon, less (2) any dividends previously paid on such share.
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Series B Dividend Amount means that dollar amount of dividends that have accrued but have not been paid in respect of a share of Company Series B Preferred Stock, which dollar amount is equal to $0.056 (as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like with respect to the Company Series B Preferred Stock occurring after the date of this Agreement and prior to the Closing) per annum for each share of Company Series B Preferred Stock, calculated from the date of first issuance by the Company of shares of Company Series B Preferred Stock through and including the date immediately preceding the Closing Date. For avoidance of doubt, “Series B Dividend Amount” shall not include that dollar amount of dividends that have otherwise been paid by the Company, or will be paid by the Company at or prior to the Closing, in respect of a share of Company Series B Preferred Stock.
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Related to Series B Dividend Amount

  • 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).

  • 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.

  • 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.

  • 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.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • 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)).

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

  • 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.

  • 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.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

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

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

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • 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.

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

  • Dividend Rate has the meaning set forth in the Statement.

  • 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%.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

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