Dividend definition
Examples of Dividend in a sentence
Where a Variable Performance Fee linked to a Dividend Crystallization Event is capped as a result of the Dividend Performance Fee Cap, then there will be no additional Performance Fee paid on account of any subsequent Dividend Crystallization Events until the end of the relevant Fiscal Year.
The Investment Manager will provide evidence to the reasonable satisfaction of the Board prior to the declaration of any Dividend that the payment of any Variable Performance Fee resulting from the relevant Crystallization Event will not exceed the Dividend Performance Fee Cap.
The Investment Manager shall, as soon as reasonably practicable, refund the Company for the unearned portion of the Management Fee paid (i) on any Fee-Paying Share redeemed or repurchased by the Company other than as of the last day of a fiscal quarter, and (ii) in connection with any amount paid as a Dividend in respect of such Fee-Paying Share other than as of the last day of a fiscal quarter.
If an Event of Default has occurred and is continuing, then any such Dividend or payment shall be paid directly to Agent for the benefit of the Secured Parties.
In the event that any cash dividend or cash distribution (a "Dividend") is to be paid in accordance with this Agreement on any Pledged Interests of any US Incorporated Obligor at a time when no Event of Default has occurred and is continuing, such Dividend may be paid directly to the applicable Obligor.