Dividend Reduction Amount definition

Dividend Reduction Amount means (a) for any date of determination on or before February 28, 2003, an amount equal to (i) the maximum amount of Cash Dividends Borrower was permitted to make during the period from the Closing Date to the date of determination, or if such period is longer than twelve months, during the twelve month period immediately preceding such date of determination minus (ii) the actual amount of Cash Dividends made by Borrower during the relevant period, and (b) for any date of determination after February 28, 2003 an amount equal to (i) the maximum amount of Cash Dividends Borrower was permitted to make during the most recently completed fiscal year pursuant to Section 5.20(a) hereof, minus (ii) the actual amount of Cash Dividends made by Borrower during such fiscal year.

Dividend Reduction Amount has the meaning set forth in Section 5.3(c) (Cooperation);

Dividend Reduction Amount means (a) for a Time Conversion or Dimunition Action Conversion, an amount equal to the aggregate amount of distributions made by the Corporation to Xxxxxxx Xxxxx from the date Xxxxxxx Xxxxx first acquires its Shares until the Optional Conversion Date; and (b) for a Material Action Conversion, zero.

Examples of Dividend Reduction Amount in a sentence

• There are risks, however, that changes in currency rates will reduce the value of your investment.• This Fund can use derivatives in order to meet its investment objectives.