Stated Dividend Rate definition

Stated Dividend Rate means 6.50% per annum; provided, that if at any time the Company shall be in default of its obligation to redeem any shares of the Participating Shares, the then effective Stated Dividend Rate shall increase by 2.00% per annum.
Sample 1Sample 2
Stated Dividend Rate has the meaning specified in Section 3.2.
Sample 1Sample 2
Stated Dividend Rate means a rate per annum equal to 6.75%.
Sample 1

Examples of Stated Dividend Rate in a sentence

  • The Mandatory Convertible Preferred Stock will accumulate cumulative dividends at a rate per annum equal to the Stated Dividend Rate on the Liquidation Preference thereof, regardless of whether or not declared or funds are legally available for their payment.

  • The Company shall instruct and use all reasonable efforts to cause the Investment Manager to send written notice to each of the holders of the Class A Preferred Shares of the Stated Dividend Rate in effect for any Stated Dividend Period by no later than the first day of such Stated Dividend Period.

  • Each fractional Class A Preferred Share outstanding shall be entitled to a ratably proportionate amount of all dividends accumulated with respect to each outstanding Class A Preferred Share pursuant to Section 3.1, and all such dividends with respect to such outstanding fractional shares shall accumulate at the Stated Dividend Rate and shall be payable in the same manner and at such times as provided for in Section 3.1 and Section 3.2 with respect to dividends on each outstanding Class A Preferred Share.

  • The holders of shares of Series A Preferred Stock shall be entitled to receive dividends, out of the assets legally available therefor, at the rate of $.40 per share per annum (the "Stated Dividend Rate"), prior and in preference to any declaration or payment of any dividend (payable other than in Common Stock of this Corporation) on the Common Stock of this Corporation.

  • The daily amount of the Stated Dividend with respect to each Class A Preferred Share issued and outstanding (the “Daily Stated Dividend Amount”) will be calculated by dividing the Stated Dividend Rate in effect for such day by 360 and multiplying the result by the Liquidation Preference.

  • The holders of shares of Series B Preferred Stock shall be entitled to receive dividends, out of the assets legally available therefor, at the rate of $.40 per share per annum (the "Stated Dividend Rate"), prior and in preference to any declaration or payment of any dividend (payable other than in Common Stock of this Corporation) on the Common Stock of this Corporation.

  • The daily amount of the Stated Dividend with respect to each Class A Preferred Share outstanding (the “Daily Stated Dividend Amount”) will be calculated by dividing the Stated Dividend Rate in effect for such day by 360 and multiplying the result by the Liquidation Preference.


More Definitions of Stated Dividend Rate

Stated Dividend Rate means five percent (5.00%) per annum.
Sample 1
Stated Dividend Rate means six point five percent (6.50%) per annum.
Sample 1
Stated Dividend Rate has the meaning set forth in Section 2 hereof.
Sample 1

Related to Stated Dividend Rate

  • 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.

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • 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).