Dividend Provisions definition

Dividend Provisions. The Series A Preferred (the "Preferred Stock") will be entitled to receive non-cumulative dividends of $0.08 (8%) per share of Series A in preference to any dividend paid on any other shares of capital stock, when and if any such dividends are declared by the Board. The holders of Preferred Stock shall also be entitled to participate on a pro rata basis in any dividends paid on the Common Stock.
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Dividend Provisions. The holders of the Series B Preferred Stock shall be entitled to receive cumulative dividends at the rate of 8% per annum when, as and if declared by the Board of Directors.
Sample 1

Examples of Dividend Provisions in a sentence

  • Dividend Provisions: The holders of preferred shares and ordinary shares shall be entitled to receive dividends, out of any assets legally available therefor, payable when, as, and if declared by the directors.

  • Dividend Provisions: The holders of the Series C Preferred Stock (the "Preferred") shall be entitled to receive cumulative dividends when, as, and if declared by the Board of Directors at the rate of ten percent (10%) per annum.

  • Dividend Provisions The holders of outstanding shares of the Series A Preferred Stock shall not be entitled to receive any dividends.

  • Rights, Preferences, Privileges and Restrictions of Preferred: (1) Dividend Provisions: Noncumulative dividends on the Series A Preferred will be at the rate of 8% per share per annum ("Dividends").

  • MicaSense, Inc.Notes to Financial StatementsDecember 31, 2020 Dividend Provisions.

  • Capital Stock (continued) Convertible Preferred Stock: (continued) The significant features of the Company’s convertible preferred stock are as follows: Dividend Provisions: The holders of convertible preferred stock are entitled to receive, when and if declared by the Board of Directors, non-cumulative dividends at a rate of 8% of the original issue price of the series, per annum, adjustable for certain events, such as stock splits and combinations.

  • The powers, preferences, rights, and restrictions granted to and imposed on the Series A Preferred Stock are as set forth below in this Certificate of Designation, and in all regards such powers, preferences, rights and restrictions are subject to the powers, preferences, rights and restrictions of any one or more series of Preferred Stock that may from time to time in the future come into existence.1. Dividend Provisions.

  • The Series B Preferred Stock shall (i) with respect to priority of dividend rights, rank in preference to the Common Stock but shall rank pari passu to the Series A Preferred Stock, (ii) with respect to certain rights on liquidation, rank in preference to the Series A Preferred and Common Stock.3. Dividend Provisions.

  • Failure to Deliver: Applicable Dividend Provisions Scrip Shares: In the event that Dresdner receives additional Shares under a scrip dividend issue ("Scrip Shares") on the Shares which it holds as part of its hedge, then it shall transfer such Scrip Shares to Cedice on the Scrip Dividend Transfer Date.

  • MAXIMUM PEFORMANCE GROUP, INC.AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSNOTE 9 – Mandatorily Redeemable Preferred Stock, continued The terms of the Series A-1 Stock are as follows: Dividend Provisions: The holders of the Series A-1 Stock are entitled to receive dividends at the rate of $.08 per share per annum (the “Series A-1 Dividends”).

Related to Dividend Provisions

  • Deemed Dividend Problem means, with respect to any Foreign Subsidiary, such Foreign Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to the Borrower or the applicable parent Domestic Subsidiary under Section 956 of the Code and the effect of such repatriation causing materially adverse tax consequences to the Borrower or such parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Ex-Dividend Time means, with respect to any issuance or distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such issuance or distribution.

  • 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.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Rights Dividend Declaration Date shall have the meaning set forth in the recitals to this Agreement.

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Dividend Date means, in respect of a Preference Share, a date specified in the Issue Resolution on which a Dividend in respect of that Preference Share is payable.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • 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%.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • 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).

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

  • 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 Equivalent means any right granted under Section 6(e) of the Plan.

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

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Dividend Periods means the Initial Dividend Period and each subsequent quarterly dividend period commencing on and including January 1, April 1, July 1 and October 1 of each year and ending on and including the day preceding the first day of the next succeeding Dividend Period, other than the Dividend Period during which any Class B Preferred Stock shall be redeemed pursuant to Section 5 hereof, which shall end on and include the Call Date with respect to the Class B Preferred Stock being redeemed.

  • Dividends shall have the meaning provided in Section 10.6.