Series B PIK Dividends definition

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

Examples of Series B PIK Dividends in a sentence

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

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

  • Notwithstanding the foregoing, the Board of Directors in its discretion may decide to pay the accrued Series B Dividend Amount in the form of Series B PIK Dividends as set forth below.

  • Series B PIK Dividends on shares of Series B Redeemable Preferred Stock shall accrue at the applicable Series B Dividend Amount through the Series B Dividend Payment Period.

  • Any additional shares of Series B Redeemable 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 B PIK Dividends accrue and cumulate as set forth in paragraph B.2(b) of this Section 4.2, to the same terms as the shares of Series B Redeemable Preferred Stock issued on the Initial Issue Date.

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

  • The Series B PIK Dividends shall be paid by delivering to each record holder of Series B Redeemable Preferred Stock a number of shares of Series B Redeemable 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 B Redeemable Preferred Stock held by such holder on the applicable Series B Record Date, multiplied by the applicable Series B Dividend Amount.

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

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  • The Series B PIK Dividends shall be paid by ---------------------- delivering to each record holder of Series B Redeemable Preferred Stock a number of shares of Series B Redeemable 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 B Redeemable Preferred Stock held by such holder on the applicable Series B Record Date, multiplied by the applicable Series B Dividend Amount.


More Definitions of Series B PIK Dividends

Series B PIK Dividends means the "paid-in-kind" dividends as set forth in

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

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

  • Series B Preferred Stock means shares of the Company’s Series B 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.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

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

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

  • Series B Preferred means the Corporation's Series B Convertible Preferred Stock, par value $.001 per share.

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

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

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

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 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 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 B Preferred Units shall have the meaning provided in Section 1.

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

  • Series H Preferred Stock means shares of the Company’s Series H 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 A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.