Standard Dividend Period definition
Examples of Standard Dividend Period in a sentence
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 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.
Until such Failure to Deposit has been cured in accordance with the Designation, the Auction Agent shall not conduct any Auction and the Dividend Period during which such uncured Failure to Deposit occurred and each subsequent Dividend Period until such Failure to Deposit has been cured shall be a Standard Dividend Period.