Equalisation Dividend definition

Equalisation Dividend has the meaning set out in clause 15.2(B) (Payment of dividends); Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by asterisks (“*****”), and the omitted text has been filed separately with the Securities and Exchange Commission.
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Examples of Equalisation Dividend in a sentence

  • Any accrued but unpaid Equalisation Dividend upon a winding-up or liquidation of the Company shall be paid in accordance with clause 31.2(B) (Consequences of termination).

  • Accounting Period (after adjustment in accordance with clause 15.9 (The Equalisation Dividend)), the shortfall due to a Shareholder will be carried forward to the next Accounting Period on a cumulative basis.

  • Such Unadjusted Equalisation Dividend will then be subject to the adjustment set out in clause 15.9 (The Equalisation Dividend) and the amount determined after such adjustment (the “Equalisation Dividend”) will then be due on the Reuters Preference Shares or the CME Preference Shares (as the case may be).

  • Any accrued but unpaid Equalisation Dividend so accumulated will bear deemed interest at the rate of LIBOR plus 2% per annum, such dividend (together with all accrued deemed interest) to be paid at the end of the next Accounting Period to the extent that there are sufficient profits which are lawfully and properly available for distribution.

  • If Completion of the Combination occurs after the record date for any December Vistry Dividend that is, on or prior to Completion, announced, declared, made, paid or becomes payable by Vistry, Countryside and Vistry have agreed that Countryside has the right to declare and pay a Countryside Equalisation Dividend (calculated in accordance with the Equalisation Formula described below) without any reduction to the Combination Consideration.

  • The Shareholders shall procure, so far as they are able, that the Board or the Shareholders approve any dividend (whether in the form of an Equalisation Dividend or otherwise) on the basis of such statement.

  • If Shareholder A’s Ancillary Profits were equal to US$50 million and Shareholder B’s Ancillary Profits were equal to US$30 million, then Shareholder A would be entitled to Ancillary Profits of US$90 million (three times the Ancillary Profits of Shareholder B) and thus would be entitled to an Unadjusted Equalisation Dividend of US$40 million.