Dividend Distributions. X.X. Xxxxxx will calculate dividend distributions in accordance with the Funds’ distribution policies and assist the Investment Adviser in making final determinations of distribution amounts.
Dividend Distributions. Calculate dividend distributions in accordance with distribution policies detailed in the Fund's prospectuses or Board resolutions. Assist Fund management in making final determinations of distribution amounts.
Dividend Distributions. Make any Restricted Payments; provided, however, that, so long as no Default has occurred and is continuing, or will occur as a result of any such payment (with the calculation of the covenants set forth in Section 6.9 being made on a pro forma basis as at the date of such payment), the Borrower may pay dividends and distributions to its shareholders as permitted by applicable governmental laws and regulations, including dividends with respect to SBLF Preferred Stock.
Dividend Distributions. Calculate dividend distributions in accordance with distribution policies detailed in the Funds' then-current prospectus or Board minutes. Assist Trust management in making final determinations of distribution amounts.
Dividend Distributions. Declare or pay any dividend or distribution in excess of fifty percent (50%) of Borrower's net income in any fiscal year either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase in excess of $15,000,000.00 in any 12 month period effective as of the date of this Agreement, or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding.
Dividend Distributions. In order to satisfy the requirements of Section 857(a)(1) of the Code for the taxable year of AAC ending at the Closing Date (and to avoid the payment of tax with respect to undistributed income), AAC shall declare a dividend on one or more classes of its outstanding capital stock (the "Final AAC REIT Dividend"), the record date for which shall be approximately five business days prior to the Closing Date, in an amount that the Company and AAC shall agree is equal to the minimum dividend sufficient (taking into account expected revenue and expenses through the day prior to the Closing Date) to permit AAC to satisfy such requirements. If AAC determines it necessary to declare the Final AAC REIT Dividend, it shall notify the Company prior to the Closing Date. The Final AAC REIT Dividend shall be paid on the close of business on the last business day prior to the Closing Date.
Dividend Distributions. Subject to the restrictions, limitations and conditions described in the Plan, dividend equivalents payable on the RSUs will be accrued on the Participant’s behalf at the time that cash dividends are otherwise paid to owners of Common Shares. Accrued dividend equivalent balances will be subject to the same restrictions and vesting schedule applicable to the RSUs and will be paid to the Participant with the distribution of the Common Shares (or cash or combination of cash and Common Shares, as applicable) in accordance with Section 2.
Dividend Distributions. Subject to the Company not defaulting on any Loan payments due to Investor under the relevant financing/Facility Agreements, the Company may declare dividend on an annual basis in the event of a surplus profit and in accordance with the Business Plan.
Dividend Distributions. Distributions made by the Sub-Fund to its U.S. Holders, if any, with respect to the Sub-Fund’s Units will be taxable to those Unitholders as ordinary income for U.S. federal income tax purposes to the extent of the Sub-Fund’s current and accumulated earnings and profits, subject to the “passive foreign investment company” rules discussed below. Dividends received by U.S. Holder corporate Unitholders will not be eligible for the dividends-received deduction.
Dividend Distributions. Declare or pay Restricted Payments, except (a) quarterly dividends consistent with past practices and (b) other Restricted Payments so long as (i) the Company is in compliance with Section 5.10 both before and after giving effect to the proposed Restricted Payment, (ii) no Event of Default has occurred and is continuing or would be caused by such declaration or payment, and (iii) the proposed Restricted Payment has received all necessary prior approvals required from all regulatory authorities.
