Class A Dividend definition

Class A Dividend has the meaning as provided in §25.2;

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Class A Dividend shall have the meaning as provided in subsection C(1)(a) of Article IV.

Class A Dividend means cumulative dividends per share in a cash amount equal in value to (i) the amount of any dividend or other distribution made on a BPY Unit multiplied by (ii) the Conversion Factor in effect on the date of declaration of such dividend. The dividends upon the Class A Shares shall, if and to the extent declared by the Board of Directors, be paid in arrears (without interest) on the dividend payment date with respect thereto. If the full amount of the Class A Dividend is not declared and paid on such dividend payment date, then the Class A Dividend shall accrue and accumulate, whether or not the Corporation has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized. The record and payment dates for the dividends or other distributions upon the shares of Class A Stock, to the extent not prohibited by applicable law, shall be the same as the record and payment dates for the dividends or other distributions upon the BPY Units. Any dividend payment made on shares of the Class A Stock shall first be credited against the earliest accumulated but unpaid dividends due with respect to such shares of Class A Stock which remains payable. If, in connection with the exercise of any Class A Shareholder’s Exchange Right, such Tendering Class A Shareholder has not received with respect to its Tendered Class A Shares an amount equal to the Cash Amount to which such Tendering Class A Shareholder is entitled pursuant to subsection C(3) (or, pursuant to subsection C(3)(b), the BPY Units Amount or the Secondary Exchange Amount), then payment in full of such amount shall be prior and in preference to any dividend or distributions on the Class A Stock, Class B Stock, Class C Stock and Common Stock. In addition, if applicable in connection with an adjustment to the Conversion Factor pursuant to clauses (3)(A), (3)(B) or (4) of the definition thereof, the Class A Shareholders do not receive, in respect of each share of Class A Stock, the cash amount pursuant to the last paragraph of such clause (3)(A) or such clause (4) or the proviso in the first paragraph of such clause (3)(B), as the case may be, then payment in full of such cash amount shall be prior and in preference to any dividend or distributions on the Class A Stock, Class B Stock, Class C Stock and Common Stock. All Class A Dividends shall be paid prior and in preference to any dividends or distributions on the Class B S...

Examples of Class A Dividend in a sentence

• The holders of Class A Stock shall not be entitled to any dividends from the Corporation other than the Class A Dividend.

• If the full amount of the Class A Dividend is not declared and paid on such dividend payment date, then the Class A Dividend shall accrue and accumulate, whether or not the Corporation has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized.

• The Record Date with respect to any Class A Dividend declared by the board of directors and the payment date of such Class A Dividend will be the same dates as the Record Date and the payment date, respectively, for the corresponding distribution declared on the BBU Units, each as approved by the board of directors.

• If the full amount of a Class A Dividend is not declared on a BBU Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”).

• Immediately after giving effect to the Merger and the Share Exchange (as such terms are defined in Section 7(n) hereof), PubCo shall declare and pay an aggregate cash dividend of not more than $25.58528 per share on its outstanding Class A Common Stock (the “Class A Dividend”) and an aggregate cash dividend of not more than $3.21374 per share on its outstanding Class B Common Stock (the “Class B Dividend,” and collectively with the Class A Dividend, the “Special Dividend”).

• If the full amount of a Class A Dividend is not declared on a BEP Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”).

• If the full amount of a Class A Dividend is not declared on a BIP Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the “Unpaid Dividends”).

• Immediately after giving effect to the Merger and the Share Exchange (as such terms are defined in Section 7(p) hereof), PubCo shall declare and pay an aggregate cash dividend of not more than $25.58528 per share on its outstanding Class A Common Stock (the “Class A Dividend”) and an aggregate cash dividend of not more than $3.21374 per share on its outstanding Class B Common Stock (the “Class B Dividend,” and collectively with the Class A Dividend, the “Special Dividend”).

• If the full amount of a Class A Dividend is not declared on a BIP Distribution Declaration Date, or is declared but is not paid on the payment date, then such Class A Dividend shall accrue and accumulate, whether or not the Company has earnings, whether or not there are funds legally available for the payment thereof and whether or not such distributions are earned, declared or authorized (such amounts, the "Unpaid Dividends").

• The parties agree that the Class A Dividend Amount shall not be paid in stock or other securities of a direct or indirect subsidiary of the Corporation unless such distribution is approved by the affirmative vote of holders representing at least 75% of the outstanding shares of the Class B Nonvoting Common Stock as of the date of this Agreement, voting as a class.

More Definitions of Class A Dividend

Class A Dividend means any dividend or distribution paid or made by the Trust pro rata on or with respect to the outstanding Class A Shares other than a distribution of assets of the Trust upon the occurrence of a Liquidation Event; provided that a distribution to the holders of shares of beneficial interest in the Trust of rights to subscribe for or purchase additional equity securities under a shareholders' protective rights plan or agreement or any similar plan or agreement shall be deemed not to constitute a Class A Dividend.

Class A Dividend means the aggregate amount of the Dividende Prioritaire Unitaire Cash in accordance with article 22 of the A2iA by-laws equal to €42,591.67, as decided by the annual general shareholders’ meeting of A2iA held on March 29, 2018 and at a shareholders’ meeting of A2iA held on May 23, 2018, and paid to the holders of Class A Shares on May 23, 2018.

Class A Dividend has the meaning set out in clause 2.7(b).

Class A Dividend means the aggregate amount of the Dividende Prioritaire Unitaire Cash in accordance with article 22 of the A2iA by-laws equal to €42,591.67, as decided by the annual general shareholders’ meeting of A2iA held on March 29, 2018 and at a shareholders’ meeting of A2iA held on May 23, 2018, and paid to the holders of Class A Shares on May 23, 2018. “Class A Shares” shall have the meaning set forth in the Recitals. “Class B Shares” shall have the meaning set forth in the Recitals. “Closing” shall have the meaning set forth in Section 1.5. “Closing Balance Sheet” shall have the meaning set forth in Section 1.3(a). “Closing Cash” shall mean all cash and cash equivalents of A2iA and its Subsidiaries on hand as of March 31, 2018. “Closing Date” shall have the meaning set forth in Section 1.5. “Closing Debt” shall mean all Debt of A2iA and its Subsidiaries as of the Closing (excluding, for the avoidance of doubt, any Convertible Bonds), plus all premiums, penalties, fees, expenses and breakage costs required to be paid or offered in respect of any of the foregoing on prepayment (regardless if any of such are actually paid), as a result of the consummation of the transactions contemplated hereby or in connection with any lender consent. “Code” shall mean the U.S. Internal Revenue Code of 1986, as amended. “Computer Systems” shall mean computing, networking and communications equipment, including: (i) mainframe, midrange, server and distributed computing equipment; (ii) computers, laptop computers and workstations; (iii) voice/video, telecommunications and network equipment; (iv) associated attachments, features, accessories, peripheral devices, wiring and cabling; and (v) Software relating to or necessary for the operation of any of the foregoing. “Confidential Information” means all information of a confidential nature (whether or not specifically labeled or identified as “confidential”), in any form or medium, of A2iA or any of its

Class A Dividend means the Distributions to be made on the Class A Stock pursuant to and in accordance with Section 2.3 above.

Class A Dividend has the meaning given to it in Section 4;