Full Dividend definition

Full Dividend means the full dividend that, if declared, would be payable on any Preference Share with respect to any Dividend Period, calculated at a rate per annum equal to the Dividend Rate on the Liquidation Preference of such Preference Share, and shall be computed on the basis of a 360-day year consisting of twelve (12) thirty (30) day months. The amount of dividends payable on Preference Shares on any date prior to the end of a Dividend Period, and for the initial Dividend Period, shall be computed by the Bank on the basis of a 360-day year consisting of twelve (12) thirty (30) day months, and actual days elapsed over a thirty (30) day month, in each case rounding the resulting figure to the nearest cent (half a cent being rounded upwards). The Bank shall notify the Guarantee Trustee of such amount in writing at least two Business Days prior to any Dividend Payment Date.
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Examples of Full Dividend in a sentence

  • The term “Partial Dividend Shares” shall mean those Shares which entitle recordholders as of the next dividend record date to receive a per-Share dividend in an amount different from that payable to recordholders of Full Dividend Shares.

  • The term "Partial Dividend Shares" shall mean those Shares which entitle recordholders as of the next dividend record date to receive a per-Share dividend in an amount different from that payable to recordholders of Full Dividend Shares, or no dividend.

  • Shares (which is expected to be January 1 of the year next following the year in which such Partial Dividend Shares were issued), the Depositary shall cause the Custodian to transfer such Partial Dividend Shares into the account in which other Full Dividend Shares are held, the Partial Dividend ADSs representing such Partial Dividend Shares shall automatically convert into Full Dividend ADSs and the Depositary shall take such action as may be necessary to effect such conversion.

  • Dividend Shares shall be represented by a class of GDSs ("Partial Dividend GDSs") different from those representing Full Dividend Shares ("Full Dividend GDSs"), and such Partial Dividend GDSs shall be evidenced by a class of GDRs ("Partial Dividend GDRs") different from those evidencing Full Dividend GDSs ("Full Dividend GDRs") and shall bear a legend with respect to their status as Partial Dividend Shares.

  • The term "Partial Dividend Shares" shall mean those Shares which entitle recordholders as of the next dividend record date to receive a per-Share dividend in an amount different from that payable to recordholders of Full Dividend Shares.

  • In addition, each class of Partial Dividend GDRs will bear a CUSIP number different from those borne by Full Dividend GDRs and other classes of Partial Dividend GDRs.