Examples of Permitted Dividend in a sentence
If, on or after the date of this announcement and prior to the Effective Date, any dividend, distribution, or other return of value is declared, made, or paid or becomes payable by Spirent (other than the Permitted Dividend), Bidco reserves the right to reduce the Acquisition Price payable under the terms of the Acquisition for the Spirent Shares by an amount equal to the amount of any such dividend, distribution or other return of value.
If the Permitted Dividend is declared, the intimation of the declaration of such dividend will be made to the stock exchanges prior to Permitted Dividend Declaration Outer Date and the Permitted Dividend would be payable to all shareholders on the record date identified by the Target Company for such purpose, which date would be after the Investor SPA Closing Date but before the commencement of the Tendering Period.
Save for the Permitted Dividend, if any dividend or other distribution is announced, declared, made or paid in respect of the Charles Stanley Shares on or after the date of this Announcement and prior to the Effective Date, Raymond James reserves the right to reduce the consideration payable in respect of each Charles Stanley Share by the amount of all or part of any such dividend or other distribution.
Viavi, Bidco and Spirent have agreed that the Spirent Board may declare and pay the Permitted Dividend without any reduction in the Acquisition Price.
Save for the Permitted Dividend, if any dividend or other distribution in respect of the Charles Stanley Shares is announced, declared, payable or paid in respect of the Charles Stanley Shares on or after the date of this Announcement and prior to the Effective Date, Raymond James reserves the right to reduce the consideration payable for each Charles Stanley Share by the amount of all or part of any such dividend or other distribution.