Dividend Premium definition
Dividend Premium with respect to any share of Series A Convertible Preferred Stock calculated at any time, shall be equal to the aggregate of the present values as of the date of the Closing (assuming a discount rate of 9.25%) of the excess of (x) each quarterly dividend actually paid by the Company to the Shareholder Group with respect to such share of Series A Convertible Preferred Stock over (y) $0.45.
Examples of Dividend Premium in a sentence
At the date hereof each CPO represents financial interests in, and limited voting rights with respect to, 25 Series A Shares, without par value ("Series A Shares"), 22 Series B Shares, without par value ("Series B Shares"), 35 Dividend Premium Shares, without par value ("Series D Shares"), and 35 Series L Shares, without par value ("Series L Shares"), of the Company.