Preferred Dividend definition

Preferred Dividend has the meaning given in Article 39.2;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Preferred Dividend has the meaning attributed thereto in article 24.1.

Preferred Dividend means the cumulative preferential dividend payable pursuant to Article 3A(c)(i);

Examples of Preferred Dividend in a sentence

Preferred Dividend payments shall be aggregated per Holder and shall be made to the nearest cent (with $.005 being rounded upward).
Any declared but unpaid dividends payable on a redemption date that occurs subsequent to a Record Date for a Preferred Dividend Period shall not be paid to the Holder entitled to receive the redemption price on the redemption date, but rather shall be paid to the holder of record of the redeemed shares on such Record Date.
The number of shares of Common Stock into which a share of Series B Preferred Stock shall be convertible shall be determined by dividing (i) the Liquidation Preference, plus all accrued and unpaid dividends with respect to any Preferred Dividend Period completed prior to the Mandatory Conversion Date (but not with respect to the Preferred Dividend Period in which the Mandatory Conversion Date occurs), by (ii) the Applicable Conversion Price (subject to the conversion procedures of Section 9 hereof).
Dividends payable pursuant to this Section 4, if, when and as declared by the Board of Directors or a duly authorized committee of the Board of Directors, will be, for each outstanding share of Series B Preferred Stock, payable in cash at an annual rate equal to the Preferred Dividend Rate.
If the Corporation pays any Preferred Dividend in shares of Preferred Stock, the number of shares of Preferred Stock to be paid in respect of such Preferred Dividend will be equal to the number of shares (including fractional shares) that have an aggregate Liquidation Preference equal to the amount of such Preferred Dividend.

More Definitions of Preferred Dividend

Preferred Dividend has the meaning set forth in the Recitals.

Preferred Dividend means a “Dividend” as defined in the Certificate of Designations.

Preferred Dividend has the meaning set forth in Annex A.

Preferred Dividend has the meaning set forth in Section 4(c).

Preferred Dividend means the dividend required to be paid to White Deer Energy by Parent, whether in cash or in kind, by reason of the White Deer Investment.

Preferred Dividend means a dividend at a simple rate of [●] percent ([●]%) per annum on the Series B Original Issue Amount on each share of the Series B Preferred Stock accumulating from the date of issuance until any date of redemption and cumulative to the extent not paid on any Dividend Payment Date.

Preferred Dividend. 8% annual rate, payable quarterly in arrears in cash or, subject to standard Equity Conditions (see below), in Common Stock, at the Company's option. If the Company elects to pay the Preferred Dividend in stock, it must deliver a written notice to that effect to the Investors at least 5 trading days prior to the date set for payment of the Dividend. Common Stock delivered in payment of Dividends will be valued at 95% of the average of each of the VWAPs for the 20 trading day period ending on the trading day immediately prior to the date set for payment of the Dividend.