Examples of Initial Dividend Rate in a sentence
Initial Dividend Rate: The initial Dividend Rate will be set for an initial period of approximately 5 years from the Issue Date to 18 June 2014 at the greater of: • the Minimum Initial Rate, which is 8% per annum; and • the Benchmark Rate on 25 May 2009 plus the Margin.
In the event that the Company shall give notice that the Stock will have an adjustable dividend rate, the "Initial Dividend Rate", applicable only through the date designated by the Company in such notice, shall be the "Base Rate" so designated plus or minus the Applicable Rate Adjustment specified in the successful proposal.
During the Initial Fixed Rate Period, the Dividend Rate shall be the Initial Dividend Rate.
The term “Dividend Rate” means (a) from the Listing Date up to the Step Up Date, the Initial Dividend Rate, and (b) from the Step Up Date, the applicable Step Up Rate.
The dividend rate on the Preferred Shares during the period from and after the Date of Original Issue to and including the last day of the Initial Rate Period shall be the Initial Dividend Rate.