Net Dividend Amount definition

Net Dividend Amount means, in relation to either RTL or RTP, the amount of the dividend or other distribution payable or proposed to be paid or made by the relevant company at any particular time on its Ordinary Shares, before deduction of any amount in respect of tax required to be deducted or withheld from the dividend or other distribution by or on behalf of the company paying or making the same and excluding the amount of any Associated Tax Credit, all such amounts being expressed in the currency of payment and on a per share basis;

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Net Dividend Amount means the net cash dividend amount received by HI and NBI in the relevant fiscal year on the Class A common shares and Class B common shares of HII held by them (including, without limitation, any such shares pledged as security for the Notes), after deducting (i) any withholding taxes or income taxes paid or payable in cash by HI or NBI in respect of such dividends, and (ii) any dividends received by HI or NBI on such number of shares of HII held by HI or NBI that corresponds to the number of Class A common shares of HII into which the Series II preferred shares of HI are exchangeable. "NET INCOME (LOSS)" of the Company means, for any period, the unconsolidated net income (or loss (and treating a loss as a negative number)) of the Company for such period, adjusted by excluding, without duplication, to the extent included in calculating such net income (or loss), (i) all extraordinary gains and losses, (ii) the net income (or loss) of any Person acquired during the specified period attributable to any period prior to the date of such acquisition, (iii) any gain or loss realized upon the termination of any employee pension benefit plan, (iv) aggregate gains and losses (less all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business (provided that any sale of Capital Stock of HII for cash would be considered a disposition in the ordinary course of business), (v) any gain from the collection of proceeds of life insurance policies, and (vi) any gain or loss arising from the acquisition of any securities of the Company, or the extinguishment, under GAAP, of any Indebtedness of the Company.

Net Dividend Amount means the net cash dividend amount received by the Company and NBI in the relevant fiscal year on the shares of Class A Common Stock and Class B Common Stock held by them (including, without limitation, any such shares pledged to the Collateral Agent as Pledged Share Collateral), after deducting (i) any withholding taxes or income taxes paid or payable in cash by the Company or NBI in respect of such dividends, and (ii) any dividends received by the Company or NBI on such number of shares of Hollinger International held by the Company or NBI that corresponds to the number of shares of Class A Common Stock into which the Series II Preferred Shares are exchangeable.

Examples of Net Dividend Amount in a sentence

• In this regard, a Net Dividend Amount may be rounded provided the Net Dividend Amount as rounded is within a 2% tolerance of the exact Net Dividend Amount that would result from the ratio of the Net Dividend Amount on one RTL Ordinary Share to the Net Dividend Amount on one RTP Ordinary Share converted using the Applicable Exchange Rate being exactly equal to the Equalisation Ratio.

• Except in relation to dividends in respect of 1995 and except in the circumstances set out in paragraphs 3.3 and 3.4 of Schedule 2, dividends and other distributions will be paid or made on the Ordinary Shares of RTL and RTP on the basis that the ratio of the Net Dividend Amount on one RTL Ordinary Share, to the Net Dividend Amount on one RTP Ordinary Share converted using the Applicable Exchange Rate, will be the Equalisation Ratio or as close to the Equalisation Ratio as is reasonably practicable.

• Unit $ 0.00085 as of Valuation Date -------- before Record Date $10.00 Net Dividend Per Unit; times $ 0.24915 X Number of Accumulation Units 5,000 Accumulation Unit Value -------- as of Payable Date $ 9.75 Net Dividend Amount $1,245.75 The net dividend amount would be reinvested on the Payable Date in Accumulation Units of the Equity Subaccount, as follows: $0.24915 (net dividend per unit) divided by $9.75 (Accumulation Unit value as of the Payable Date) times 5,000 Units equals 127.769 Accumulation Units.

More Definitions of Net Dividend Amount

Net Dividend Amount means the net cash dividend amount received by the Company and NBI in the relevant fiscal year on the shares of Class A Common Stock and Class B Common Stock held by them (including, without limitation, any such shares pledged to the Collateral Agent as Pledged Share Collateral), after deducting (i) any withholding taxes or income taxes paid or payable in cash by the Company or NBI in respect of such dividends, and (ii) any dividends received by the Company or NBI on such number of shares of Hollinger International held by the Company or NBI that corresponds to ▇▇▇ ▇▇▇▇er of shares of Class A Common Stock into which the Series II Preferred Shares are exchangeable.

Net Dividend Amount shall have the meaning set forth in Section 3.1 hereof.