Preference Dividend definition

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

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

• It is or becomes unlawful, for any reason, for a Holder to hold a Preference Share, to fund or maintain its investment in Preference Shares or to claim, recover or receive all or part of a Preference Dividend, a Redemption Amount or any other amount to which it is or would otherwise be entitled in respect of a Preference Share or under the Preference Share Documents.

• Each Preference Dividend is a cumulative preference dividend which, to the extent that it is not paid on a Dividend Date (whether or not it is declared or required to be paid on that date), will accumulate and remain payable in full under these Preference Share Terms.

• For the avoidance of doubt, the Preference Dividend shall be cumulative, so that if the Preference Dividend is not paid (or is not paid in full), the accrued but unpaid amount of such dividend shall continue to accrue at the Preference Rate.

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 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;

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 non-cumulative, non-participating, preference cash dividend, calculated in accordance with clause 40.4;

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

Preference Dividend means a cumulative, non-participating, preference cash dividend calculated in accordance with Article 41.2.4, plus any Arrear Preference Dividend calculated in accordance with Article 41.2.5;