Maximum Dividends Available definition

Maximum Dividends Available appearing in Section 9 of the Credit Agreement is hereby amended by deleting the proviso contained therein in its entirety and inserting the following new proviso in lieu thereof: "provided that, solely for purposes of determining compliance -------- with Section 7.12 (and not for determining the Applicable Percentage or for any other purpose), for any Regulated Insurance Company ("RIC") for any Test Period ending in 2001, the "Maximum Dividends Available" shall mean the dividends permitted to be paid by such RIC to its parent company under applicable Legal Requirements during the fiscal year in which such Test Period occurs divided by (to the extent any such Test Period ends prior to December 31, 2001), in the case of any such Test Period ending on September 30, 2001, 4/3
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Maximum Dividends Available means for any period, for any Regulated Insurance Company ("RIC") that is a direct Subsidiary of the Borrower, VIK or any Parent Holding Company, its net income during such period ("Net Income") determined in accordance with SAP on a combined basis, if such RIC is permitted by the Applicable Regulatory Insurance Authority to pay dividends.
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Related to Maximum Dividends Available

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Quarterly Excess Available Funds Percentage means, with respect to the June 2007 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

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

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).