Declared Dividend definition
Examples of Declared Dividend in a sentence
Immediately prior to the Closing, the Company shall pay to Paying Agent an amount equal to the Declared Dividend Amount for prompt payment of the Declared Dividend to stockholders of record of the Company on July 20, 2020.
Except with respect to the Declared Dividend, the Company has not, subsequent to March 31, 2012, declared or paid any dividend, or declared or made any distribution on, or authorized the creation or issuance of, or issued, or authorized or effected any split-up or any other recapitalization of, any of its capital stock, or, except with respect to Award Events, directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding capital stock.
Purchaser has been advised that, except for the $0.25 per share cash dividends declared by the ▇▇▇▇▇▇ ▇▇▇▇ Board on (1) January 3, 2012 payable to stockholders of record on January 31, 2012 (paid on February 29, 2012) and (2) March 13, 2012 payable to stockholders of record on April 30, 2012 (to be paid on May 31, 2012) (the "Declared Dividend"), ▇▇▇▇▇▇ ▇▇▇▇ has not declared or paid any dividends in the past two years.
The Merger Consideration shall be adjusted appropriately and proportionately to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Shares), cash dividend (other than the Declared Dividend), reorganization, recapitalization, reclassification, combination, exchange of shares or other Table of Contents like change with respect to the Shares occurring on or after the Acceptance Time and prior to the Effective Time.
Under the terms of the Merger Agreement, except as required by law, ▇▇▇▇▇▇ ▇▇▇▇ is not permitted to declare, set aside or pay dividends (other than the Declared Dividend and any dividend by a subsidiary of ▇▇▇▇▇▇ ▇▇▇▇ to ▇▇▇▇▇▇ ▇▇▇▇ or a wholly-owned subsidiary of ▇▇▇▇▇▇ ▇▇▇▇) with respect to any of its capital stock without the prior written approval of DSM (which approval shall not be unreasonably withheld, conditioned or delayed).
If the total cash dividends on the Ordinary Shares in respect of which a record date occurs during the six-month periods ending May 1 and November 1 of any year (the "Declared Dividend") differ from the Expected Dividend, an event referred to as a "Dividend Adjustment Event," adjustments shall be made, at the option of the Company, either to the interest payable on the SynDECS or to the Threshold Appreciation Price (or, under certain circumstances described below, to both).
Other than the Declared Dividend, there are no declared or accrued unpaid dividends with respect to any shares of Company Stock.
For the avoidance of doubt, the Declared Dividend will remain the entitlement of relevant Independent Shareholders and will not be acquired by the Offeror pursuant to the Share Offer.
BASIC ANNUAL PER ACCOUNT FEES THE INDIVIDUAL PER ACCOUNT CHARGES WILL BE BILLED AS FOLLOWS: - Daily Accrual $16.65 - Declared Dividend $8.75 MINIMUM CHARGES - The monthly maintenance charge for each fund will be the actual account fees or $2000, whichever is greater.
For the avoidance of doubt, the Declared Dividend will remain the entitlement of the Independent Shareholders and will not be acquired by the Offeror pursuant to the Share Offer.