Additional Dividend Amount definition

Additional Dividend Amount has the meaning specified in Section 5.7.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Additional Dividend Amount means, on a per share of Series A-3 6% Preferred Stock basis, the product of (A) the result of the following formula (Dividend Rate) (N/365) and (B) the Stated Value (as to which “N” is defined below).

Additional Dividend Amount means, at any time of determination, the -------------------------- lesser of (i) $3,000,000, and (ii) an amount equal to the product of $0.20 multiplied by the number of Qualifying Shares duly issued after the Closing Date ---------- -- and prior to such time of determination as certified in a certificate of the Chief Financial Officer delivered to the Administrative Agent. For purposes of this definition, the term "QUALIFYING SHARES" means shares of common stock of ----------------- the Borrower, par value $.01, issued after the Closing Date (A) to Casino upon the conversion of the aggregate principal amount of the Casino Note into such common stock of the Borrower (but only to the extent such debt is converted on a dollar for dollar basis at the market price for such common stock at the time of such conversion), (B) for cash at market price on the date of issuance (but only to the extent such cash has been applied to the mandatory prepayment of the Revolving Advances pursuant to Section 2.05(b)(iii) and the permanent reduction of the Revolving Commitments pursuant to Section 2.04(b)), or (C) upon the exercise of options issued under the Borrower's management stock option plan (as such plan is in effect on October 15, 1998); provided that the number of -------- ---- Qualifying Shares shall be reduced by the number of shares, if any, issued after the Closing Date as a dividend or distribution on or in respect of outstanding common stock of the Borrower.

Examples of Additional Dividend Amount in a sentence

The Company and Parent shall cooperate in good faith to determine whether it is necessary to authorize and declare a Company Additional Dividend Amount and the amount (if any) of the Company Additional Dividend Amount.
If the Company determines it is necessary to declare the Additional Dividend Amount, the Company shall notify Parent of such determination at least ten (10) days prior to the Company Stockholder Meeting.
If Parent determines it is necessary to declare the Parent Additional Dividend Amount, the Parent shall notify the Company of such determination at least ten (10) days prior to the Company Stockholder Meeting.
If the Company determines it is necessary to declare the Additional Dividend Amount, the Company shall notify Parent in writing of such determination at least ten Business Days prior to the Company Stockholders Meeting.
The per share dividend amount payable by Parent shall be an amount equal to (i) Parent’s most recent quarterly dividend, multiplied by the number of days elapsed since the last dividend record date through and including the day prior to the day on which the Effective Time occurs, and divided by the actual number of days in the calendar quarter in which such dividend is declared, plus (ii) the Additional Dividend Amount, if any, divided by the Exchange Ratio.
The Company and Parent shall cooperate in good faith to determine whether it is necessary to declare a Company Additional Dividend Amount and the amount (if any) of the Company Additional Dividend Amount.
If the Company determines it is necessary to declare the Additional Dividend Amount, the Company shall notify Parent of such determination at least ten days prior to the Company Stockholder Meeting.
The per share dividend amount payable by Raven shall be an amount equal to (A) the per share amount of Raven’s most recent quarterly dividend, multiplied by the number of days elapsed since such last dividend record date through and including the Closing Dividend Date, and divided by the actual number of days in the calendar quarter in which such dividend is declared, plus (B) the Additional Dividend Amount (on a per share basis), if any, divided by the Exchange Ratio.
The per share dividend amount payable by Star shall be an amount equal to (A) the per share amount of Star’s most recent quarterly dividend, multiplied by the number of days elapsed since such last dividend record date through and including the Closing Dividend Date, and divided by the actual number of days in the calendar quarter in which such dividend is declared, plus (B) the Additional Dividend Amount (on a per share basis), if any.
The Additional Dividend Amount will be paid within 14 days after the dividend declaration date to which it relates and in no event later than March 15 of the calendar year following the calendar year in which the Participant’s termination of employment occurred.

More Definitions of Additional Dividend Amount

Additional Dividend Amount means, on a per share of Series A 6% Preferred Stock basis, the product of (A) the result of the following

Additional Dividend Amount shall have the meaning set forth in Section 2.2(c) hereof.

Additional Dividend Amount means, with respect to any Closing, the greater of (i) zero and (ii) an amount equal to (A) the aggregate amount of any cash dividends or other cash distributions paid to Company shareholders on or after January 1, 2016 and prior to the Closing on the Closing Date or declared to Company shareholders of record as of a record date that is on or after January 1, 2016 and prior to or on the Closing Date for such Closing (other than for the dividend of approximately R$0.21 per Share declared by the Company in respect of 2015 earnings on April 29, 2016) divided by (B) 1,017,914,746.