Interim Dividends definition
Examples of Interim Dividends in a sentence
Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of such Acquired Fund Shareholders and representing such shareholders' pro rata share of the Acquiring Fund Shares received by the Acquired Fund, and by paying to the shareholders of the Acquired Fund any Interim Dividends on such transferred shares.
In the event of payment of the Interim Dividends provided for in Article 32 hereof, the Bank shall pay such respective amount (hereinafter referred to as the “Preferred Interim Dividends”) as prescribed below to the Preferred Shareholders or the Registered Preferred Pledgees with priority over the Ordinary Shareholders or the Registered Ordinary Pledgees.
The Preferred Shares shall rank pari passu with any other class of preferred shares issued by the Bank in respect of the payment of the Preferred Dividends and the Preferred Interim Dividends and the distribution of residual assets.
Notwithstanding the foregoing, the Common Shareholders’ Payments payable hereunder (including any Loans, as though they were Interim Dividends) shall be subject to the rights of the holders of the Preferred Shares to receive the Preferred Dividends on the Preferred Shares, as provided in the Articles.
In the event of payment of the Interim Dividends provided for in Article 32 hereof, the Bank shall pay such amount (hereinafter referred to as the “Preferred Interim Dividends”) as determined by the resolution of the Board of Directors adopted at the time of issuance of Class 2 Preferred Shares up to thirty (30) yen per Class 2 Preferred Share to the Preferred Shareholders or the Registered Preferred Pledgees with priority over the (Preferred Interim Dividends) Article 9-3.
The Closing Dividends and the Interim Dividends shall be declared and paid in accordance with the provisions of the Investment Agreement, subject to the conditions therein provided.
Power to declare Dividends Board’s power to pay Interim Dividends Dividends not to be paid out of capital Dividends in specie Scrip Dividends 148.
Nothing in this Section 1 shall oblige Permal to distribute Common Shareholders’ Dividends and Interim Dividends which would exceed its distributable reserves or which would result in violation of applicable regulatory capital adequacy requirements, in each case as determined in accordance with applicable law.
The Board may declare one or more Interim Dividends during the year.
Shareholder indebted- ness that is open account debt at the beginning of the taxable year but meets the exception defined in para- graph (a)(2)(ii) of this section at the close of the taxable year, adjustments to the basis of the indebtedness for that taxable year follow the provisions for open account debt.