Additional Dividends definition

Additional Dividends means special dividends paid on Capital Interests or other capital instruments of any kind of the Credit Union or any Credit Union Subsidiary in excess of dividends paid at the stated market dividend rates on share accounts and other deposit liabilities of the Members and the stated interest or dividend rates payable on any other capital instruments of the Credit Union or any Credit Union Subsidiary.

Additional Dividends has the meaning given to such term in Paragraph I (3)(a).

Additional Dividends shall have the meaning set forth in Section 6(a).

Examples of Additional Dividends in a sentence

• In addition, holders of AMPS which are redeemed shall be entitled to receive Additional Dividends to the extent provided herein.

• In addition, holders of AMPS so redeemed shall be entitled to receive Additional Dividends to the extent provided herein.

• After payment of the full amount of the liquidating distribution to which they are entitled, the Holders will not be entitled to any further participation in any distribution of assets by the Corporation except for any Additional Dividends.

• The amount of Additional Dividends to be paid by the Paying Agent in the event of a Retroactive Taxable Allocation to Holders will be determined by the Company pursuant to paragraph 2(e) of the Articles Supplementary.

• After payment of the full amount of the liquidating distribution to which they are entitled, the Holders will not be entitled to any further participation in any distribution of assets by the Trust except for any Additional Dividends.

More Definitions of Additional Dividends

Additional Dividends. As defined in Section 5 hereof.

Additional Dividends. Has the meaning provided in Section 4(a) hereof.

Additional Dividends means, with respect to a series of Redeemable Preferred Stock, the Series A Additional Dividends, the Series B Additional Dividends or the Series C Additional Dividends, as applicable.

Additional Dividends means payment to a Holder of APS of an amount which, when taken together with the aggregate amount of Retroactive Taxable Allocations made to such Holder with respect to the taxable year in question, would cause such Holder's dividends in dollars (after Federal and Massachusetts income tax consequences) from the aggregate of both the Retroactive Taxable Allocations and the Additional Dividends to be equal to the dollar amount of the dividends which would have been received by such Holder if the amount of the aggregate Retroactive Taxable Allocations had been excludable from the gross income of such Holder. Such Additional Dividends shall be calculated (i) without consideration being given to the time value of money; (ii) assuming that no Holder of APS is subject to the Federal alternative minimum tax with respect to dividends received from the Trust; and (iii) assuming that each Retroactive Taxable Allocation and each Additional Dividend, to the extent it consists of ordinary income or capital gain, would be taxable in the hands of each Holder of APS at the maximum marginal combined regular Federal and Massachusetts individual income tax rate applicable to ordinary income or net capital gains, as applicable (taking into account the Federal income tax deductibility of state and local income tax paid or incurred), or the maximum marginal regular Federal corporate income tax rate, whichever is greater, in effect during the taxable year in question.

Additional Dividends has the meaning set forth in Section 3(b) above.

Additional Dividends has the meaning given to such term in Section 7(a) hereof.

Additional Dividends shall have the meaning set forth in Section 2(c)(i) hereof.