Series A PIK Dividends definition

Series A PIK Dividends means the shares of Series A Preferred Stock paid or payable as dividends on outstanding shares of Series A Preferred Stock.
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Series A PIK Dividends means the "paid-in-kind" dividends as set forth in paragraph A.2 of this Section 4.2.
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Series A PIK Dividends shall have the meaning set forth in Section 3.01(c)(ii).
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Examples of Series A PIK Dividends in a sentence

  • Series A PIK Dividends on shares of Series A Convertible Preferred Stock shall accrue at a rate per annum equal to eight percent (8.0%) of one share of Series A Convertible Preferred Stock, cumulated annually, and be cumulative from the date of issuance of such shares through the Series A PIK Dividend Payment Period.

  • If any Series A PIK Dividend Payment Date occurs on a day that is not a Business Day, any accrued Series A PIK Dividends otherwise payable on such Series A PIK Dividend Payment Date shall be paid on the next succeeding Business Day.

  • Series A PIK Dividends shall be payable in arrears during the Series A PIK Dividend Payment Period on each Series A PIK Dividend Payment Date, commencing on the first Series A PIK Dividend Payment Date, and for shares issued as Series A PIK Dividends, commencing on the first Series A PIK Dividend Payment Date occurring after such shares are issued.

  • Unpaid Series A PIK Dividends may be paid at any time to holders of record on the Series A PIK Record Date therefor.

  • Series A PIK Dividends shall be paid to holders of record of the Series A Convertible Preferred Stock on each Series A PIK Dividend Payment Date as their names shall appear on the share register of the Corporation on the Series A PIK Record Date immediately preceding such Series A PIK Dividend Payment Date.

  • On the Series A PIK Record Date immediately preceding each Series A PIK Dividend Payment Date, the Board of Directors of the Corporation shall be deemed to have declared Series A PIK Dividends on the Series A Convertible Preferred Stock in accordance with paragraph A.2(a) of this Section 4.2, payable on the next Series A PIK Dividend Payment Date.

  • The record holders of the outstanding Series A Convertible Preferred Stock shall receive on each Series A PIK Dividend Payment Date during the Series A PIK Dividend Payment Period per share dividends in additional fully paid and nonassessable shares of Series A Convertible Preferred Stock legally available therefor (such dividend being herein called "Series A PIK Dividends").

  • Series A PIK Dividends on Series A PIK Dividends that are in arrears for any past Series A PIK Dividend Periods shall accumulate as if the earlier Series A PIK Dividends had been issued as provided above, and shall be accrued.

  • Any additional shares of Series A Convertible Preferred Stock issued pursuant to this paragraph shall be governed by this Section 4.2 and shall be subject in all respects, except as to the date of issuance and date from which Series A PIK Dividends accrue and cumulate as set forth in paragraph A.2(b) of this Section 4.2, to the same terms as the shares of Series A Convertible Preferred Stock issued on the Initial Issue Date.

  • The Series A PIK Dividends shall be paid by delivering to each record holder of Series A Convertible Preferred Stock a number of shares of Series A Convertible Preferred Stock (which number of shares shall be rounded to the nearest one-thousandth of a share) equal to the number of shares of Series A Convertible Preferred Stock held by such holder on the applicable Series A PIK Record Date, multiplied by the Series A Annual Per Share PIK Dividend Amount.

Related to Series A PIK Dividends

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned 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.

  • 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.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series G Preferred Stock means shares of the Company’s Series G Preferred Stock, par value $0.0001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series A Convertible Preferred Stock means the Company's Series A Convertible Preferred Stock, par value $.01 per share.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Series A Stock means the Company's Series A Convertible Redeemable Preferred Stock, par value $.005 per share.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Units shall have the meaning provided in Section 1.