Reset Dividend Determination Date definition

Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period.

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Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period, subject to any adjustments made by the Calculation Agent as provided for herein.

Reset Dividend Determination Date means, in respect of any Dividend Reset Period, the day falling two Business Days prior to the beginning of such Dividend Reset Period.

Examples of Reset Dividend Determination Date in a sentence

• Unless the Corporation has validly called all shares of the Series A Preferred Stock for redemption on the First Call Date, the Corporation will appoint a banking institution or trust company as calculation agent with respect to the Series A Preferred Stock prior to the Reset Dividend Determination Date preceding the First Call Date.

• On and after the First Call Date, the dividend rate on the Series A Preferred Stock for each Reset Period will be equal to the Five-year U.S. Treasury Rate as of the most recent Reset Dividend Determination Date plus a spread of [●]%.7 The applicable dividend rate for each Reset Period will be determined by the calculation agent as of the applicable Reset Dividend Determination Date.

• The dividend rate for each Reset Period (as defined below) shall be determined by the Calculation Agent (as defined below) by adding the Treasury Rate, determined as of the relevant Reset Dividend Determination Date for such Reset Period as provided below, to the applicable spread of 2.152% per annum.

• At a rate per annum equal to (i) 4.700% from the Settlement Date to, but excluding, May 15, 2028; and (ii) for each Reset Period from, and including, May 15, 2028, the “seven-year treasury rate,” as defined in the preliminary prospectus supplement dated May 25, 2021, as of the most recent Reset Dividend Determination Date plus 3.481%.

• Dividends on each share of Series A Preferred Stock shall accrue at a rate equal to (i) 7.00% per annum on the liquidation preference of $10,000 per share from [•]1 to, but excluding, the First Reset Date and (ii) from, and including, the First Reset Date, during each Reset Period, a rate per annum equal to the Five-Year Treasury Rate as of the most recent Reset Dividend Determination Date, plus 6.675% on the liquidation preference of $10,000 per share.

More Definitions of Reset Dividend Determination Date

Reset Dividend Determination Date means, in respect of any Reset Period, the day that is two Business Days prior to the first day of such Reset Period.

Reset Dividend Determination Date means the third business day immediately preceding the Reset Date.

Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period; and

Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period, subject to adjustment as provided for herein.

Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of the relevant Reset Period.

Reset Dividend Determination Date has the meaning set forth in Section 4(a) hereof.

Reset Dividend Determination Date means, in respect of any Reset Period, the day that is three Business Days prior to the applicable Reset Date, subject to any adjustments made by the Calculation Agent as provided for herein. The record date for payment of dividends on the Series EE Preferred Stock shall be the last Business Day of the calendar month immediately preceding the month during which the Dividend Payment Date falls or such other date as determined by the Corporation’s Board of Directors. The amount of dividends payable shall be computed on the basis of a 360-day year of twelve 30-day months. Dollar amounts resulting from that calculation will be rounded to the nearest cent, with one-half cent being rounded upward. The Calculation Agent’s determination of the rate of any dividend for each Reset Period and its calculation of the amount of dividends, and any other adjustments made by the Calculation Agent pursuant to the terms hereof will be maintained on file at the Calculation Agent’s principal offices, will be made available to any stockholder upon request and will be final and binding in the absence of manifest error.