Permitted Dividend. “Permitted Dividend” shall have the meaning set forth in Section 4.2(a).
Permitted Dividend. The Company will be permitted to make a one-time dividend to the Company Shareholders in an aggregate amount equal to the dollar amount of the cash, cash equivalents and short term investments on the Company Balance Sheet immediately prior to the Effective Time (such distribution, the “Permitted Dividend”). The amount of the Permitted Dividend will be subject to the following adjustments: (a) if, as of the Closing Date, the amount of (X) the Company’s accounts receivable (net of allowance for doubtful accounts) is less than (Y) the Company’s accounts payable plus accrued expenses (excluding any expenses that are payable or that may become payable in connection with this Agreement and the transactions contemplated by this Agreement), then the amount of the Permitted Dividend will be reduced by the amount of such difference, and (b) if, as of the Closing Date, there would be a Working Capital Shortfall (after taking into account any cash, cash equivalents and short term investments left behind in accordance with clause (a) above), then the amount of the Permitted Dividend will be reduced by the amount of such Working Capital Shortfall.”
Permitted Dividend. (a) Prior to the Implementation Date, but subject to compliance with all relevant law, the Company may declare and pay a dividend (which may carry imputation credits to the extent available to the Company) together with any related supplementary dividend (as defined in s YA 1 of the Income Tax Act 2007) (such dividend being the "Permitted Dividend").
Permitted Dividend. As set out in the Announcement, Bidco has agreed that any final dividend of up to 0.2875p per Ideagen Share, which is recommended and paid or becomes payable in respect of Ideagen’s 2022 financial year may be paid to Ideagen Shareholders without any reduction in the Acquisition Price (as defined in the Announcement) payable under the Acquisition.
Permitted Dividend. The parties acknowledge and agree that, prior to Settlement, the Vendor may, and may take any action or do anything to procure that the Company Group Member declares a dividend for the period prior to Settlement (Permitted Dividend), provided that:
Permitted Dividend. From time to time prior to the Closing, NW Corp. may cause any Applicable Entity to distribute to its stockholder or unitholder, as applicable, a dividend in an amount equal to cash and investment Assets on hand (the “Permitted Dividend”). NW Corp. hereby expressly acknowledges that NFS and, following the Closing, the Applicable Entities shall have no Liability with respect to the Permitted Dividend.
