Preference Dividends definition

Preference Dividends means, in respect of each Preference Share, the applicable Scheduled Dividends and Additional Dividends;
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Preference Dividends has the meaning set forth in Section 4(a).
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Preference Dividends means, in respect of each Preference Share, the applicable Scheduled Dividends and includes any applicable Arrear Dividends and Early Redemption Preference Dividends;
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Examples of Preference Dividends in a sentence

  • Preference Dividends shall accumulate whether or not (i) the Corporation has earnings; (ii) there are funds legally available for the payment of those dividends; or (iii) those dividends are authorized or declared.

  • Nothing herein contained shall in any way or under any circumstances be construed or deemed to require the Board of Directors to declare, or the Company to pay, or set apart for payment, any dividends at any time other than the Preference Dividends.

  • For the avoidance of doubt, the declaration and payment of a dividend or making of any Distribution on any Dividend Junior Stock in which Holders shall participate pursuant to Section 4(b) in accordance with the foregoing proviso shall not obligate the Corporation to pay any Preference Dividends pursuant to Section 4(a).

  • No fractional Conversion Shares shall be issued on account of accrued but unpaid Preference Dividends.

  • Notwithstanding the priority over Ordinary Shares, even if there are accrued but unpaid “C” Preference Dividends, upon the approval of the holder(s) a majority of the outstanding “C” Preference Shares, the Company may pay a dividend on Ordinary Shares on the terms and subject to the conditions of such approval of the “C” Preference Shares.

  • Preference Dividends shall begin to accrue on outstanding shares of Series One Preference Stock from the date of issuance of such shares of Series One Preference Stock.

  • Preference Dividends shall be payable annually, on each Dividend Payment Date, commencing on the Dividend Payment Date in 1989, to holders of record at the start of business on such Dividend Payment Date.

  • Except as provided in Clauses 2.1 (Preference Dividends) to 2.8 (Winding-up and return of capital) above, an A Preference Share does not confer on its Holder any right to participate in the profits or in any distribution of the assets or capital of the Company.

  • Accumulated but unpaid Preference Dividends shall cumulate as of the Dividend Payment Date on which they first become payable, but no interest shall accrue on accumulated but unpaid Preference Dividends.

  • Upon the occurrence of the Preferred C Share Conversion, the holder of the “C” Preference Shares shall forfeit all of its rights to the accrued and unpaid “C” Preference Dividends associated with the converted “C” Preference Shares.


More Definitions of Preference Dividends

Preference Dividends means the Scheduled Preference Dividends;
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Preference Dividends means all and any dividends of whatsoever nature payable or scheduled to be payable by the Company to the Preference Shareholders in terms of the Preference Share Subscription Agreement;
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Preference Dividends means the non-cumulative dividend in respect of the Class B Shares of such amount, on such date and on such terms as determined in accordance with the Articles of Association;
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Preference Dividends means the Preference Dividends as defined in the Preference Share Terms (which are the dividends to which the Subject Preference Shares will become entitled);
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Related to Preference Dividends

  • Preferred Dividends means, with respect to any Person, dividends or other distributions which are payable to holders of any Equity Interests in such Person which entitle the holders of such Equity Interests to be paid on a preferred basis prior to dividends or other distributions to the holders of other types of Equity Interests in such Person.

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Dividends means cash dividends and cash distributions with respect to any Pledged Shares or other Pledged Property made in the ordinary course of business and not a liquidating dividend.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.