Dividend Access Shares definition

Dividend Access Shares means the dividend access share in Shell UK held by the Dividend Access Trustee and the dividend access share in BG proposed to be obtained by the Dividend Access Trustee in connection with the Acquisition and held by it;
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Dividend Access Shares has the meaning set out in the recitals hereto.
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Dividend Access Shares mean the Dividend Access Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein.
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Examples of Dividend Access Shares in a sentence

  • Any dividend which should have been declared on the Dividend Access Shares pursuant to this Section 3.1 but was not so declared due to the provisions of applicable law shall be declared and paid by the Corporation on a subsequent date or dates determined by the Board of Directors.

  • Promptly thereafter, the Company shall send a notice to the Canadian Subsidiary and the holders of the Dividend Access Shares to the effect that the Company will, on the Automatic Redemption Date, exercise its right to assume the Canadian Subsidiary's redemption obligations by purchasing the Dividend Access Shares directly.

  • On the Automatic Redemption Date, the Company shall purchase the Dividend Access Shares by issuing one Share in exchange for each outstanding Dividend Access Share and shall purchase the Company's one outstanding share of Class B Preferred Stock by paying $1.00 to the holder thereof.

  • The Dividend Access Shares may be issued in one or more separate series, and each series shall be identified in such manner as the Directors may determine without any such determination or identification requiring any alteration to these presents.4F.

  • This agreement shall be binding upon and enure to the benefit of the parties hereto, to the holders of Dividend Access Shares and to their respective successors and assigns.

  • Whenever the Directors have power under this Article to determine any of the rights attached to any of the Dividend Access Shares, the rights so determined need not be the same as those attached to the Dividend Access Shares then allotted or in issue.

  • To the extent that no instructions are received from a Stockholder with respect to the Voting Rights to which such Stockholder is entitled, the Trustee shall not exercise or permit the exercise of the Voting Rights relating to the Dividend Access Shares held by such Stockholder who did not provide the Trustee with instructions as aforesaid.

  • To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes hereof as having been paid to the holder of Dividend Access Shares in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted to the appropriate taxing authority.

  • Except as otherwise provided in the Disclosure Letter with respect to shares of the Canadian Subsidiary not owned by the Company (the "Dividend Access Shares"), all of the outstanding shares of capital stock of each of the Company's Subsidiaries are validly issued, fully paid and nonassessable and are owned by the Company or by a wholly owned Subsidiary of the Company, free and clear of all Liens, and there are no proxies outstanding with respect to such shares.

  • When not exercised for all the Dividend Access Shares held by a holder, the right of retraction provided herein may be exercised only with respect to an aggregate minimum number of Dividend Access Shares to be redeemed equal to 10,000 shares.


More Definitions of Dividend Access Shares

Dividend Access Shares means the Dividend Access Shares in the share capital of Buyer having the rights, privileges, restrictions and conditions set forth in Exhibit A and "Dividend Access Share Provisions" means the rights, privileges, restrictions and conditions set forth in Exhibit A.
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Dividend Access Shares means the STT Dividend Access Share and the BG Dividend Access Share (and “Dividend Access Share” shall be construed accordingly);
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Dividend Access Shares has the meaning set forth in Section 2.4.
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Dividend Access Shares means the STT Dividend Access Share and the BG Dividend Access Share (and “Dividend Access Share” shall be construed accordingly); “First Amendment Date” means 15 February 2016; “Forfeited Dividend” has the meaning set out in clause 3.3; “High Court” means the High Court of Justice in England and Wales; “Income” means any interest or other income earned on any amount held in the Trust which represents a dividend paid on a Dividend Access Share; “Parties” means the parties to this Trust Deed; “RDS Dividend Equivalent Amount” has the meaning set out in clause 3.4; “RDS Group” means Royal Dutch Shell and each of its subsidiaries from time to time; “STT Dividend Access Share” means the redeemable share in the capital of STT classified as a dividend access share, issued to the Trustee pursuant to the STT Scheme; “STT Scheme” means the scheme of arrangement of STT which became effective on 20 July 2005; “Trust” means the trust subsisting and created under this Trust Deed; “Trust Deed” means this trust deed as amended from time to time; and
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Dividend Access Shares has the meaning set forth in Section 2.6.
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Related to Dividend Access Shares

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Additional Common Shares means all common stock (including reissued shares) Issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock Issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors or consultants to the Company.

  • Excess Shares shall have the meaning set forth in Section 3.1(a).

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Ex-Dividend Time means, with respect to any distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such distribution.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Equivalent Preferred Shares shall have the meaning set forth in Section 11(b) hereof.

  • Rights Dividend Declaration Date shall have the meaning set forth in the recitals at the beginning of this Agreement.

  • Dividend Date means a date specified in the Issue Resolution on which a dividend in respect of that preference share is payable.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Additional Common Stock herein shall mean in the most broadest sense all shares of Common Stock hereafter issued by the Borrower (including, but not limited to Common Stock held in the treasury of the Borrower and common stock purchasable via derivative security or option on the date of such grant ), except Common Stock issued upon the conversion of any of this Convertible Note or Warrant.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • New Common Shares means the common stock or common equity of Reorganized XOG to be issued on the Effective Date.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Common Shares means the common shares in the capital of the Company;

  • Class B Common Shares means shares of Class B Common Stock.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.