Preference Dividend definition

Preference Dividend means a non-cumulative, non-participating preference dividend;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Preference Dividend means a preferential cash dividend per preference share determined pursuant to the formula contained in 2 below;

Preference Dividend means a dividend payable on a preferred share or preferred stock at a fixed gross rate per cent issued by a resident company before 31st January 1966, or, where a dividend is payable on such a preferred share or preferred stock partly at a fixed gross rate per cent and partly at a variable rate, such part of that dividend as is payable at a fixed gross rate per cent;

Examples of Preference Dividend in a sentence

• On the redemption of units of the 2009 Preference Stock the Bank shall pay the proportion of the relevant 2009 Preference Dividend which shall have accrued on the units of 2009 Preference Stock to be redeemed up to the date of redemption or, at the option of the Bank in accordance with these Bye-Laws, the Bank shall issue the 2009 Bonus Stock in respect of which issue rights have accrued on the units of the 2009 Preference Stock to be redeemed up to the date of redemption.

• The Corporation shall not pay any additional interest, fee, penalty or other amount in respect of any Preference Dividend that may be in arrears on the Series A.

• Notwithstanding the foregoing, the Disinterested Directors’ Committee shall not declare a Preference Dividend at any time when Consolidated EBITDA for the most recent four fiscal quarters for which financial statements of the Corporation are available is less than $425,000,000.

• No other premium or dividend (including 2009 Preference Dividend or part thereof) shall be paid on any redemption of the 2009 Preference Stock.

• The amount of the Preference Dividend for each Preference Dividend Period (or portion thereof) will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

More Definitions of Preference Dividend

Preference Dividend means a non-cumulative, non-participating, preference cash dividend calculated in accordance with article 83.2.4;

Preference Dividend means a cumulative dividend at the rate of 3% per annum of the Issue Amount and payable on a Preference Share on a Dividend Payment Date (including the Redemption Date);

Preference Dividend means the preferential cash dividend payable to the Holder in accordance with the provisions of clause 3.1;

Preference Dividend means a non-cumulative, non-participating, preference cash dividend, calculated in accordance with clause 40.4;

Preference Dividend the preferential cash dividend payable to the Holder in accordance with the conditions in clause 2.1 of schedule “A”, hereto;

Preference Dividend means a cumulative, non-participating preference dividend calculated in accordance with this item 2.2;

Preference Dividend means a dividend calculated at the Relevant Rate and payable on a Preference Share on a Dividend Payment Date (including the date on which the Preference Share is redeemed) and such other dates when all moneys owing in respect of the relevant Preference Share has been paid in full;