Dividends-Received Deduction definition

Dividends-Received Deduction means the deduction allowed to corporate holders of certain preferred stock with respect to dividends received on such stock by Section 243(a)(1) of the Code, or any successor thereto.
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Dividends-Received Deduction shall have the meaning set forth in Section 5.3(a) hereof.
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Dividends-Received Deduction shall have the meaning set forth in Section 6.7 hereof.
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Examples of Dividends-Received Deduction in a sentence

  • I-5 Dividends-Received Deduction............................................


More Definitions of Dividends-Received Deduction

Dividends-Received Deduction means, with respect to any share of STRAPS and any dividend paid thereon to the Holder of such share, the deduction generally allowed to a corporate holder of stock in a taxable domestic business corporation in computing such Holder's taxable income for purposes of the regular federal corporate income tax under section 243(a)(1) of the Code, or any successor provision, equal to a percentage rate multiplied by the dividends (as defined in section 316(a) of the Code) received on such stock, determined (1) without regard to the amount of the issuer's stock owned by such Holder and (2) assuming that any limitations on such deduction based on the facts or circumstances relating to particular Holders (such as limitations based on a minimum holding period, the allocation of interest expense or debt to the purchase of stock, or the Holder's taxable income or status as a taxpayer) do not apply. "Eight-Year Dividend Period" has the meaning specified in paragraph 3 (b) (vii) below.
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Dividends-Received Deduction means the dividends-received deduction of section 243 of the Code, which entitles certain taxpayers, under certain circumstances, to claim a deduction in an amount equal to 70% of the dividends received on shares of New Preferred Stock.
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Dividends-Received Deduction means the dividends-received deduction on preferred stock held by nonaffiliate corporations (currently found in Section 243(a) of the Code).
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Dividends-Received Deduction means the dividends received deduction generally allowed to nonaffiliated corporate holders of certain stock under Section 243(a)(1) of the Code, or any successor thereto, with respect to dividends received on such stock.
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Dividends-Received Deduction means the dividends received deduction available to those corporate holders of AMPS who satisfy the holding period and other applicable requirements of the Code as provided by Sections 243 and 854 of the Code.
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Dividends-Received Deduction means the corporate dividends received deduction generally allowed to non-affiliated corporate holders under Section 243(a)(1) of the Code as in effect with respect to a Paragraph 12.3 (a) Dividend or an Additional Dividend, as the case may be.
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Related to Dividends-Received Deduction

  • Dividends Paid means the total of all cash dividends paid on one (1) share of stock during the Performance Period.

  • Ordinary Cash Dividends means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

  • Available Income means, on each Distribution Date, an amount calculated for each of the Paired Trusts as all funds on deposit in the applicable trust on that Distribution Date after that trust has (i) set aside an amount equal to the Fee Deduction Amount to pay fees and expenses, (ii) paid or received a payment from the other Paired Trust under the income distribution agreement and (iii) acquired treasuries with an aggregate purchase price equal to the Aggregate Par Amount of its shares as of that Distribution Date.

  • Net Simple Interest Excess With respect to any Distribution Date, the excess, if any, of (a) the amount of the payments received by the Servicers and the Master Servicer in the related Collection Period allocable to interest in respect of Simple Interest Mortgage Loans, calculated in accordance with the Simple Interest Method, net of the related Servicing Fees, over (b) 30 days’ interest at the weighted average (by principal balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Collection Period, as determined by the related Servicer, on the aggregate principal balance of such Simple Interest Mortgage Loans for such Distribution Date, carried to six decimal places, rounded down, and calculated on the basis of a 360-day year consisting of twelve 30-day months. For this purpose, the amount of interest received in respect of the Simple Interest Mortgage Loans in any month shall be deemed (a) to include any Advances of interest made by the related Servicer, the Master Servicer or the Securities Administrator in such month in respect of such Simple Interest Mortgage Loans and (b) to be reduced by any amounts paid to the related Servicer, the Master Servicer or the Securities Administrator in such month in reimbursement of Advances previously made by the Servicer, the Master Servicer or the Securities Administrator in respect of such Simple Interest Mortgage Loans.

  • Calculated Principal Distribution As defined in Section 5.03(d).