Preference Rate definition

Preference Rate means a quarterly rate expressed as a percentage equal to ** per annum, divided by four.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Preference Rate means cumulative gross preferential dividend rate out of the distributable profits of the Company, at a dividend rate per annum of 3.8% on the Issue Price of the RPS

Preference Rate has the meaning given to it in paragraph 1.1.1 of Schedule 5 (Preference Share Terms).

Examples of Preference Rate in a sentence

Distributions payable as a preference on the Preferred Securities shall be fixed at a rate of 11 5/8% per annum (the "Distribution Rate") of the Liquidation Value of the Preferred Securities, subject to any increase provided for below (the "Preference Rate").
The parties agree that the arbitrators may award interest from the date of any damages incurred for breach or other violation of this Agreement, and from the date of the reward, until paid in full, at a rate to be fixed by the arbitrators, but in no event less than two and one-half percent (2.5%) per annum above the [Citibank Preference Rate] quoted for the corresponding periods, as reported in the Wall Street Journal, or the maximum rate permitted by applicable law, whichever is less.
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.
The holders of the 8.5% Cumulative Convertible Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors in its discretion, but only out of funds lawfully available for dividends under the laws of the State of New York, semiannual dividends at the rate (the "Preference Rate") of Eighty-Five and 00/100 ($85.00) Dollars per share, and no more, payable in cash on the last business day of June and December in each year, commencing on the last business day in June 1997.
Any overdue Distributions (including Additional Amounts Attributable to Deferral) shall accrue additional preferred Distributions that will compound quarterly at the Preference Rate.

More Definitions of Preference Rate

Preference Rate means (A) for each share of Series A Preferred Stock, $0.0167 per annum; (B) for each share of Series B Preferred Stock, Five Cents ($0.05) per annum; (C) for each share of Series C Preferred Stock, $0.0725 per annum; (D) for each share of Series D Preferred Stock, $0.13125 per annum; and (E) for each share of Series E Preferred Stock, $0.25275 per annum.

Preference Rate means for each Convertible Preferred Unit a daily rate expressed as a percentage equal to (i) 7% per annum until December 31, 2010 and (ii) 14% per annum thereafter, in each case divided by 365 or 366 days, as the case may be, during such calendar year, provided, however, that if a monetization of all or substantially all of the Company’s assets in the Republic of Ghana takes places (x) before December 31, 2010, the Preference Rate shall remain at 7% per annum at all times thereafter, or (y) after December 31 2010, the Preference Rate shall be equal to 7% from the day of such monetization event and remain 7% per annum at all times thereafter. If a change in Preference Rate takes effect during a calendar year, the effects of such change shall be pro-rated for such calendar year.