PAYMENT OF DIVIDENDS definition

PAYMENT OF DIVIDENDS. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.
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PAYMENT OF DIVIDENDS. The holders of Class B Shares shall be entitled to receive such dividends (if any) as the board of directors of the Corporation may in its discretion declare, provided that any dividend declared must be upon the Common Shares and all of the Special Shares and Warrants and with respect to the aggregate amount of each dividend declared, the holders of the Class B Shares as a class shall be entitled to 25% of such aggregate amount after deducting the entitlements with respect to such dividend of the holders of the Class C Shares, the Warrants and the dividends contemplated by subsection 1.4(c) hereof.
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PAYMENT OF DIVIDENDS. The holders of the common shares shall be entitled to receive dividends if, as and when declared by the board of directors of the Corporation out of the assets of the Corporation properly applicable to the payment of dividends in such amount and payable at such times and at such place or places in Canada as the board of directors may from time to time determine.
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Examples of PAYMENT OF DIVIDENDS in a sentence

  • BUSINESS DAYS" is defined as the number of business days beyond five days from the Dividend Payment Due Date, the Delivery Date or the Warrant Delivery Date, as applicable): COMPENSATION FOR EACH 10 SHARES OF PREFERRED SHARES NOT CONVERTED TIMELY OR 500 SHARES OF COMMON STOCK ISSUABLE IN PAYMENT OF DIVIDENDS OR UPON EXERCISE OF NO.

  • BUSINESS DAYS" is defined as the number of business days beyond five business days from the Dividend Payment Due Date, the Delivery Date or the Warrant Delivery Date, as applicable): COMPENSATION FOR EACH 10 SHARES OF PREFERRED SHARES NOT CONVERTED TIMELY OR 500 SHARES OF COMMON STOCK ISSUABLE IN PAYMENT OF DIVIDENDS OR UPON EXERCISE OF NO.

  • PAYMENT OF DIVIDENDS OR DISTRIBUTIONS Whenever the Fund shall determine to pay a dividend or distribution on Shares it shall furnish to Custodian Instructions or a Certificate setting forth with respect to the Series specified therein the date of the declaration of such dividend or distribution, the total amount payable, and the payment date.

  • SUCH PURCHASE SHALL NOT BE DEEMED AS PAYMENT OF DIVIDENDS AND AS SUCH, NO SHAREHOLDER WILL HAVE THE RIGHT TO REQUIRE THE COMPANY TO PURCHASE HIS SHARES OR OFFER TO PURCHASE SHARES FROM ANY OTHER SHAREHOLDERS.

  • THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THE PREFERRED STOCK (INCLUDING WITHOUT LIMITATION IN PAYMENT UPON PURCHASE OR REDEMPTION THEREOF) OR UPON PAYMENT OF DIVIDENDS ON THE PREFERRED STOCK ARE REFERRED TO HEREIN AS THE “CONVERSION SHARES,” AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THE WARRANTS ARE REFERRED TO HEREIN AS THE “WARRANT SHARES.” THE DATE ON WHICH THE CLOSING OCCURS IS THE “CLOSING DATE”.

  • The Payment of Dividends by Search Capital Group, Inc., event contained in the EVENTS OF DEFAULT section of the Loan Agreement is hereby amended to read as follows: PAYMENT OF DIVIDENDS BY SEARCH FINANCIAL SERVICES INC.

  • SUCH DIVIDENDS SHALL BE PAID OUT OF MONEY, ASSETS OR PROPERTY OF THE CORPORATION PROPERLY APPLICABLE TO THE PAYMENT OF DIVIDENDS, OR OUT OF AUTHORIZED BUT UNISSUED EXCHANGEABLE SHARES OF THE CORPORATION, AS APPLICABLE.

  • The following actions or inactions or both shall constitute Events of Default under this Agreement: PAYMENT OF DIVIDENDS BY SEARCH CAPITAL GROUP, INC.

  • The following actions or inactions or both shall constitute Events of Default under this Agreement: PAYMENT OF DIVIDENDS BY SEARCH FINANCIAL SERVICES - BEFORE SEPTEMBER 30, 1997.

  • VOTING RIGHTS AND PAYMENT OF DIVIDENDS AND DISTRIBUTIONS IN RESPECT OF COLLATERAL SECTION 15.03 RELEASE OF COLLATERAL.


More Definitions of PAYMENT OF DIVIDENDS

PAYMENT OF DIVIDENDS. Sinking fund provisions: Redemption provisions: Repayment provisions: Other provisions: First Delivery Date, Time and Location: Date: Time: Location:
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