Dividend Declaration definition
Examples of Dividend Declaration in a sentence
The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the “Redemption Price”).
The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final Expiration Date, redeem all, but not less than all, of the then-outstanding Rights at a redemption price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the “Redemption Price”).
The Dividend Declaration (payment) Date follows the ending date of each dividend period, which is the first day of the following month (and for the example, would be February 1).
The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the “Redemption Price”).
On the last day of the Interest Period current as at the Relevant Dividend Declaration Date the Agent shall apply all amounts standing to the credit of the Retention Account in or towards repayment of the Loan and the payment of interest thereon in accordance with Clause 18.4.
EXERCISE OF RIGHTS FOR SHARES OF THE COMMON STOCK OF THE COMPANY In the event that a Person becomes an Acquiring Person at any time following the Rights Dividend Declaration Date, each holder of a Right will, after the Distribution Date, have the right to receive, upon exercise, shares of Common Stock (or, in certain circumstances, cash, property or other securities of the Company) having a value equal to two times the Purchase Price of the Right then in effect.
The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the “Redemption Price”).
Accrued dividends will not be paid in respect of shares called for redemption pursuant to Section 6 hereof from and after the Dividend Declaration Date next preceding the Redemption Date with respect to such shares.
Notwithstanding anything contained in this Agreement to the contrary, no supplement or amendment shall be made after the Rights Dividend Declaration Date which changes the Redemption Price, the Purchase Price or the number of shares of Common Stock for which a Right is exercisable, or which changes the Final Expiration Date to a date before the Close of Business on March 1, 2009.
On December 11, 1996 (the "Rights Dividend Declaration Date") the Board of Directors of Quidel Corporation (the "Company") declared a dividend of one Right (a "Right") for each outstanding share of Company Common Stock to be distributed to shareholders of record at the close of business on January 10, 1997.