Special Dividend Rate definition

Special Dividend Rate means (i) prior to October 9, 2009, 0% per annum, (ii) from and after October 9, 2008 to but not including April 9, 2009, 15% per annum , (iii) from and after April 9, 2009 to but not including October 9, 2009, 16% per annum and (iv) from and after October 9, 2009, 17% per annum.

Special Dividend Rate means (i) prior to September 15, 2010, 0% per annum, (ii) from and after September 15, 2010 to but not including March 15, 2011, 13% per annum, (iii) from and after March 15, 2011 to but not including September 15, 2011, 14% per annum, (iv) from and after September 15, 2011 to but not including March 15, 2012, 15% per annum and (v) from and after March 15, 2012, 16% per annum.

Special Dividend Rate means (i) from and after June 15, 2008 to but not including December 15, 2008, 14%, (ii) from and after December 15, 2008 to but not including June 15, 2009, 15.5% and (iii) from and after June 15, 2009, 17%.

Examples of Special Dividend Rate in a sentence

• Dividends payable pursuant to this Section 4(c) will accrue, whether or not declared, and will, for each outstanding share of Senior Preferred Stock, accrete at an annual rate on the Liquidation Preference equal to the Special Dividend Rate (such dividend, the “Special Dividend”).

• Holders of shares of the Series A Preferred Stock will be entitled to receive, when, as and if declared by the Board, out of funds of the Corporation legally available for the payment of dividends, cumulative cash dividends from, and including, the first date on which the Change of Control has occurred at the Special Dividend Rate for so long as the Corporation has not exercised its option to redeem the Series A Preferred Stock pursuant to Section 6.

• In the case of a dispute as to the calculation of the Conversion Rate or the Special Dividend Rate (if applicable), the Company shall, within the time period required under Section 5(b)(ii) below, issue to the Holder the number of Shares that are not disputed and shall submit the disputed calculations to its outside accountant via facsimile within three (3) days of receipt of Holder's Notice of Conversion.

More Definitions of Special Dividend Rate

Special Dividend Rate means (i) from and after September 30, 2008 to but not including March 31, 2009, 14%, (ii) from and after March 31, 2009 to but not including September 30, 2009, 15.5% and (iii) from and after September 30, 2009, 20%.

Special Dividend Rate means, from and after September 30, 2008, 20%.

Special Dividend Rate means the following respective rates during each of the following respective periods:

Special Dividend Rate means (i) 5% per annum for the Section 4(c) Dividend Period beginning on or subsequent to August 30, 2013 (the “Rate Date”) and ending on the 365th day following the Rate Date, or (ii) for any Section 4(c) Dividend Period in each 365-day period starting on one year anniversary of the Rate Date, an additional 1% per annum.

Special Dividend Rate means (i) from and after September 30, 2008 to but not including December 31, 2008, 14%, (ii) from and after December 31, 2008 to but not including June 30, 2009, 15.5% and (iii) from and after June 30, 2009, 17%.

Special Dividend Rate means a rate of 14.0% per annum accruing from the Effective Date until the Stockholder Approval Date provided, that such percent shall be increased by 2.0% per annum on the expiration of each six-month period after the Stockholders Approval Deadline if the Stockholder Approval shall not have been obtained prior to the expiration of such applicable period; provided, however, the Special Dividend Rate shall not exceed 18.0% per annum pursuant to the foregoing.

Special Dividend Rate means (i) from and after September 15, 2008 to but not including March 15, 2009, 17%, (ii) from and after March 15, 2009 to but not including September 15, 2009, 17.5%, (iii) from and after September 15, 2009 to but including March 15, 2010, 18%, (iv) from and after March 15, 2010 to but not including September 15, 2010, 18.5%, (iv) from and after September 15, 2010 to but not including March 15, 2011, 19%, (v) from and after March 15, 2011 to but not including September 15, 2011, 19.5%, (vi) from and after September 15, 2011, 20%.