Default Dividend Rate means, subject to adjustment in accordance with the Rate Adjustment Clauses, a rate equal to 144% (one hundred and forty four per cent) of the Prime Rate;

Default Dividend Rate means the sum of the then prevailing Preferred Share DividendRate plus 2.00%.

Examples of Default Dividend Rate in a sentence

Notwithstanding anything to the contrary contained herein, in the event of any failure by the Company to redeem any Preferred Shares as a result of the first sentence of this Article 6.4, the Preferred Share Dividend Rate shall be increased to the Default Dividend Rate until all such Preferred Shares are so redeemed.
Accrued and unpaid dividends on the New Preferred Stock shall accrue additional dividends in respect thereof (“Additional Dividends”), compounded quarterly, at the Quarterly Dividend Rate plus 2.00% per annum (and including any Default Dividend Rate, if applicable).
What they exercise is essentially a legal review.It should be noted at the outset that in Hungary, unlike in EU competition law67, no distinction is made between the review of the substance of the operative part of GVH decisions, that is, the existence of a cartel or a dominant position, and the review of the fines.
For a fixed linear polarization of the incident beam and incident and viewing directions in the same plane, the measurement equation for BRDF is given by S (θ ,θ ,λ ,σ ) D 2 Fig.
Notwithstanding anything to the contrary in the preceding provisions of this Section 3, following an Event of Default, the Holders shall be entitled to receive dividends on each share of Series A Preferred Stock at an annual rate equal to the Default Dividend Rate, payable in cash.

More Definitions of Default Dividend Rate

Default Dividend Rate means, with respect to the New Preferred Stock, (i) if the Company fails to discharge fully its Mandatory Redemption Obligation on the Mandatory Redemption Date, 0.25% per annum effective as of the first day following the Mandatory Redemption Date, 0.50% per annum effective on the first day following the one-year anniversary of the Mandatory Redemption Date and 0.75% per annum effective on the first day following the two-year anniversary of the Mandatory Redemption Date and (ii) if the Company fails to discharge fully its Mandatory Redemption Obligation on the last day of the Quarterly Dividend Period ending after the tenth anniversary of the Issue Date, effective on the first following day thereof, the sum of (A) 1.50% per annum and (B) the rate per annum, if any, determined pursuant to clause (i); provided that in no event shall the Default Dividend Rate exceed 2.25% per annum.

Default Dividend Rate means, with respect to the Convertible Preferred Stock, as of any time of determination, the then-applicable Regular Dividend Rate plus 200 basis points (i.e. adding two percentage points to the then-applicable Regular Dividend Rate).

Default Dividend Rate means, subject to adjustment in accordance with the Rate Adjustment Clauses, a rate equal to the Dividend Rate plus 3% (three percent);

Default Dividend Rate means, with respect to the Perpetual Preferred Stock, as of any time of determination, the then-applicable Cash Regular Dividend Rate plus 200 basis points (e.g. adding 2.0% to the then-applicable Cash Regular Dividend Rate).

Default Dividend Rate has the meaning set forth in Paragraph (B)(2)(c).

Default Dividend Rate means, subject to adjustment in terms of clauses 40.3.7 and/ or 40.3.8 of this MOI, a rate equal to the Prime Rate plus 2% (two percentage points);