Dividend Policy means the dividend policy relating to each of the Chilean Bank and its Subsidiaries, which shall always be in accordance with Section 6.2.
Dividend Policy has the meaning ascribed to such term in Section 8(g).
Examples of Dividend Policy in a sentence
This section should be read in conjunction with the Dividend Policy section of the Prospectus.
Dividend Policy We have never declared or paid any cash dividends on our common stock.
Dividend Policy We have never declared or paid cash dividends on our common stock.
Dividend Policy We have never declared or paid cash dividends on our capital stock.
Please also refer to the section in the Prospectus entitled "Dividend Policy".
More Definitions of Dividend Policy
Dividend Policy means the dividend policy adopted by the Company as at March 17, 2014, a copy of which is annexed hereto and marked “A”.
Dividend Policy has the meaning given thereto in Section 17(e).
Dividend Policy except as may otherwise be agreed from time to time by the CVH Parties and the Fintech Parties and to the extent permitted by any outstanding contractual or legal obligations of the Company or any of its Subsidiaries, means the distribution of cash dividends in each calendar year in an amount equal to the greater of (i) 50% of the Company’s Excess Cash for the prior fiscal year and (ii) US$300 million; provided that under no circumstances will the Company be required to distribute on account of dividends any amount that would (x) exceed the amounts permitted to be distributed under Argentine law; or (y) require the Company to incur Indebtedness unless the Company can incur Indebtedness having an average life of at least 10 years to finance such dividend payments if with the yields to maturity at the time of incurrence would exceed the yield to maturity of the US Government treasury bond with a remaining life of 10 years at the date of determination plus 500 bps and such incurrence would not cause the aggregate outstanding Indebtedness of the Company and its Controlled Companies (net of any cash escrows dedicated solely to repay Indebtedness) to exceed 3.0 times the Company’s consolidated EBITDA for the last period of twelve (12) months immediately preceding such incurrence of Indebtedness for which consolidated financial statements of the Company are available; or (z) any portion of the amounts that should be distributed pursuant (i) or (ii) above would trigger the application of the “equalization tax” (“impuesto de igualación”) pursuant to Argentine tax law even in case the amounts are distributed under the form of provisional or anticipated dividends (“dividendos anticipados”), provided, however, that in that in the case of (z), the amounts not distributed in such fiscal year shall be added to the amounts that must be distributed in the following fiscal year pursuant to this Policy.
Dividend Policy means the Company’s dividend policy, as adopted by the Board on March 16, 2011, that provides for the annual payment of dividends to the holders of the outstanding Capital Stock in an aggregate amount equal to a minimum of 15% of the Company’s consolidated net income for each year, subject to (a) restrictions on the payment of such dividends under applicable Law, (b) mandatory reserve requirements or similar restrictions, including on a Subsidiary’s ability to pay dividends to the Company or any other Subsidiary and (c) any restrictions set forth in any Contract binding on the Company or any of its Subsidiaries from time to time.
Dividend Policy. Management's Discussion and Analysis and Results of Operations--Liquidity and Capital Resources," "Management's Discussion and Analysis and Results of Operations--Income Tax Matters," "Business--Facilities," "Business--Intellectual Property," "Business--Government Regulations," "Business--Legal Proceedings," "Management," "Certain Transactions," "Description of Equity Shares," "Restrictions on Foreign Ownership of Indian Securities," "Government of India Approvals" and "Taxation--Indian Taxation," and (B) in Item 14 and Item 15 of the Registration Statement, insofar as such statements constitute a summary of legal documents or matters of Indian law or regulations or legal conclusions with respect thereto, are complete and accurate and are confirmed in all material respects.
Dividend Policy has the meaning given thereto in Section 16(e). “EFH” has the meaning set forth in the recitals.