Dividend Event Sample Clauses
Dividend Event. The Company shall not pay any dividend or make any distribution on account of any of the Company’s Equity Interests unless either (a) the Total Gross Leverage Ratio of the Company for the most recent four Fiscal Quarter period for which financial statements are available is less than 1.50 to 1.00 on a pro forma basis after giving effect to such dividend or distribution or (b) the Company shall have complied with the requirements of Article 14 with respect to the applicable Dividend Repurchase Event and, in such case, may only pay the dividend or make the distribution following the Repurchase Event Repurchase Date for such Dividend Repurchase Event in an amount up to the amount of the proposed dividend or distribution for such Dividend Repurchase Event.
Dividend Event. The parties hereby agree that the issuance of the Series Two Share and the Warrant do not constitute "Dividend Events" under the definition of such term as set in section 2 of the terms of the Series One Share and that ownership of such securities do not constitute beneficial ownership of the Common Shares underlying such securities. This Section 4.3 shall not restrict the interpretation of the definition of "Dividend Event" in the event of the issuance of Common Shares on the exercise of the Warrant and the conversion of the Series Two Share.
Dividend Event. If at any time during the period from and including the Effective Date to but excluding the Expiration Date a Dividend Event occurs, then the Calculation Agent will adjust the Cap Price to preserve the fair value of the Options to Dealer after taking into account such Dividend Event. “Dividend Event” shall mean (i) an ex-dividend date for a regular quarterly cash dividend occurs with respect to the Shares (an “Ex-Dividend Date”), and that dividend differs in any respect from the Regular Dividend on a per Share basis or (ii) if no Ex-Dividend Date for a regular quarterly cash dividend occurs with respect to the Shares in any quarterly dividend period of Counterparty. “Regular Dividend” shall mean USD 0.25 per Share per quarter. Upon any adjustment to the “Initial Dividend Threshold” (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction. 25 To be updated as appropriate for Dealer. 26 To be updated as appropriate for Dealer.
Dividend Event. If (i) 100% of the aggregate gross cash dividends per share of Common Stock (including any cash extraordinary dividends) declared by the Company and for which the ex-dates are scheduled to occur during any calendar quarter in the Pricing Period exceeds the relevant Expected Dividend Amount or (ii) an ex-date occurs for any ordinary cash dividend prior to the Scheduled Ex-Date therefor, a Dividend Event shall be deemed to have occurred. The Company shall notify Dealer within one scheduled Trading Day of the occurrence of each Dividend Event.
Dividend Event. (a) If any cash dividend payable to holders of the Common Stock is declared for which the aggregate cash dividends per share having an ex-dividend date during the period from and including any Dividend Reference Date to but excluding the subsequent Dividend Reference Date exceeds the Maximum Dividends Amount set forth opposite the first date of such period, as defined by the following schedule, a Dividend Event shall be deemed to have occurred. November 24, 2004 $0.5625 February 24, 2005 $0.5625 May 24, 2005 $0.5625 August 24, 2005
Dividend Event