Standard Dividend Period definition

Standard Dividend Period means a Dividend Period of seven days, subject to increase or decrease to the extent necessary for the next Auction Date and Dividend Payment Date to each be Business Days.

Standard Dividend Period means a Dividend Period of 28 days unless the day after such 28th day is not a Business Day, then the number of days ending on the calendar day next preceding the next Business Day (such Business Day, being the Dividend Payment Date).

Standard Dividend Period means a Dividend Period of seven days unless such 7th day is not a Business Day, then the number of days ending on the Business Day next preceding such 7th day.

Examples of Standard Dividend Period in a sentence

• Each Dividend Period that commences during a Default Period will be a Standard Dividend Period.

• If the Corporation fails to deliver either such notice provided in this Section 2.7(b) hereof by 3:00 P.M., the Corporation shall be deemed to have delivered a notice to the Auction Agent with respect to such Dividend Period to the effect set forth in this Section 2.7(b)(iii), thereby resulting in a Standard Dividend Period.

• If there has been a failure to pay dividends on the last day of a Dividend Period, the Dividend Period to which such Default Rate will apply shall be a Standard Dividend Period in the case of Auction Preferred and successive one day periods in the case of Remarketing Preferred.

• If the Trust fails to deliver either such notice provided in this Section 2.7(b) hereof by 3:00 P.M., the Trust shall be deemed to have delivered a notice to the Auction Agent with respect to such Dividend Period to the effect set forth in this Section 2.7(b)(iii), thereby resulting in a Standard Dividend Period.

• If the Term Selection Agent resigns or is removed, the Dividend Period for each Series of Auction Preferred shall be a Standard Dividend Period until the Corporation appoints a successor Term Selection Agent for such Series and such Term Selection Agent sends a Notice of Change in Dividend Period.

More Definitions of Standard Dividend Period

Standard Dividend Period means a Dividend Period of seven days, unless such seventh day is not a Business Day, then the number of days ending on the Business Day next preceding such seventh day.

Standard Dividend Period means a Dividend Period of seven days in the case of Series M7, Series T7, Series W7, Series TH7 and Series F7 AMPS unless the day after such 7th day is not a Business Day, then the number of days ending on the calendar day next preceding the next Business Day (such Business Day, being the Dividend Payment Date for the applicable Series), or 28 days in the case of the Series W28A, Series W28B and Series W28C AMPS, unless the day after such 28th day is not a Business Day, then the number of days ending on the calendar day next preceding the next Business Day.

Standard Dividend Period means a Dividend Period of 28 days.

Standard Dividend Period means a Dividend Period of seven days for the Series C Preferred Shares.

Standard Dividend Period means a Dividend Period of seven days, subject to increase or decrease to the extent necessary for the next Auction D ate and Dividend Payment Date to ea ch be Business D ays.

Standard Dividend Period means a Dividend Period of seven days in the case of Series T, Series TH and Series F AMPS unless such 7th day is not a Business Day, then the number of days ending on the Business Day next preceding such 7th day, or 28 days in the case of the Series W Preferred Shares, unless such day is not a Business Day, then the number of days ending on the Business Day next preceding such 28th day.

Standard Dividend Period means a Dividend Period of 28 days for the Series, unless such 28th day is not a Business Day, then the number of days ending on the Business Day next preceding such 28th day.