Preferred Dividend Payment Date definition

Preferred Dividend Payment Date means March 31, June 30, September 30 and December 31 of each year (each, a “Quarterly Date”), commencing on the first Quarterly Date immediately following the Original Issuance Date (the “Initial Dividend Payment Date”); provided, however, that if any such Quarterly Date is not a Business Day, then the applicable Dividend shall be payable on the next Business Day immediately following such Quarterly Date, without any interest.

Preferred Dividend Payment Date means January 15, April 15, July 15 and October 15 of each year (each, a “Quarterly Date”), commencing on the first Quarterly Date immediately following the Original Issuance Date; provided, that if any such Quarterly Date is not a Business Day then the “Preferred Dividend Payment Date” shall be the next Business Day immediately following such Quarterly Date.

Preferred Dividend Payment Date. ’ means each date on which a Preferred Dividend is payable in accordance with the provisions of Article 2(a);

Examples of Preferred Dividend Payment Date in a sentence

• If, at any time falling prior to but excluding the First Call Date, a Capital Disquali¢cation Event has occurred and is continuing, the Preferred Securities may be redeemed, in whole but not in part, at the option of the Company on the next Preferred Dividend Payment Date, upon not less than 30 or more than 60 days’ notice to the Holders of the Preferred Securities (which notice shall be irrevocable).

• Preferred Dividends declared on the Preferred Securities will be payable on the relevant Preferred Dividend Payment Date (or where any Preferred Dividend Payment Date is not a Business Day on the next Business Day without interest in respect of such delay) by the Company to the Holders of record as they appear on the Register on the relevant record date, which will be ¢ve days prior to the relevant Preferred Dividend Payment Date.

• In addition, in all case where any Preferred Securities are issued in de¢nitive registered form, the record dates for payment of Preferred Dividends will be 15 days prior to the relevant Preferred Dividend Payment Date (whether or not such date is a Business Day).

• Subject to the Law, the Preferred Securities are redeemable, at the option of the Company, in whole but not in part, on the First Call Date and on any Preferred Dividend Payment Date falling thereafter, upon not less than 30 nor more than 60 days’ notice to the Holders of the Preferred Securities (which notice shall be irrevocable).

• If the Directors of the Company do not declare a Preferred Dividend payable on a Preferred Dividend Payment Date in respect of the Preferred Securities then, subject to Articles 4 and 5 and without a¡ecting the rights of the Holders of the Preferred Securities under the Guarantee, the right of Holders of the Preferred Securities to receive such Preferred Dividend will be lost.

More Definitions of Preferred Dividend Payment Date

Preferred Dividend Payment Date has the meaning set forth in Section A.2.b of Article Fifth.

Preferred Dividend Payment Date means January 1, April 1, July 1 and October 1 of each year; provided that if any such Preferred Dividend Payment Date would otherwise occur on a day that is not a Business Day, such Preferred Dividend Payment Date shall instead be (and any dividend payable on Series D Preferred Stock on such Preferred Dividend Payment Date shall instead be payable on) the immediately succeeding Business Day.

Preferred Dividend Payment Date means March 31, June 30, September 30 and December 31 of each year.

Preferred Dividend Payment Date has the meaning set forth in paragraph (a) of Section 2.

Preferred Dividend Payment Date is defined in Section 16.1.

Preferred Dividend Payment Date shall have the meaning set ------------------------------- forth in Section 2(a).

Preferred Dividend Payment Date means 29 January, 29 April, 29 July and 29 October in each year from and including 29 October 2009, being the dates on which a Preferred Dividend is payable in accordance with the provisions of paragraph 2(a);