Subsequent Dividend definition
Examples of Subsequent Dividend in a sentence
The Auction Agent accepts such appointment and agrees to follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the APS for each Subsequent Dividend Period thereof for which the Applicable Rate is to be determined by an Auction.
Each of (1) the period from the Effective Date to but excluding the First Dividend Payment Date, (2) the period from and including the First Dividend Payment Date to but excluding the first Subsequent Dividend Payment Date, and (3) thereafter, each period from and including a Subsequent Dividend Payment Date to but excluding the following Subsequent Dividend Payment Date, is herein referred to as a “Preferred Dividend Period”.
The Auction Agent accepts such appointment and agrees to follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for each series of APS for each Subsequent Dividend Period thereof for which the Applicable Rate is to be determined by an Auction.
The Dividend Rate for the initial Dividend Period will be 7.68% per annum and for each Subsequent Dividend Period will be the rate determined in accordance with subparagraph (3) below.
C = the fair market value of each B Share as at the Dividend Date or any Subsequent Dividend Date (as applicable) as determined in accordance with clause 13.6 and 13.7.
After any Special Dividend Period, dividends on the APS shall be payable, subject to subparagraph (b)(ii) of this Section 2, on each succeeding Thursday, subject to the option of the Trust to further designate from time to time any Subsequent Dividend Period as a Special Dividend Period.
The term "Subsequent Dividend Period" shall have the meaning set forth in subparagraph (3) of paragraph (B) below.
The dividend rate on the Preferred Shares (the "Applicable Rate") for each Subsequent Dividend Period shall be, except under certain circumstances, the rate resulting from the implementation of the Auction Procedures.
For the purpose of calculating the rate of dividends per annum payable on shares of Preferred Stock (the "Applicable Rate") for each Subsequent Dividend Period the Corporation shall enter into an agreement with the Auction Agent (the "Auction Agent Agreement").
The Applicable Rate on the shares of Preferred Stock for each Subsequent Dividend Period shall be determined by the Auction Agent in accordance with the Auction Agent Agreement, which shall provide that the Auction Agent will follow the Auction Procedures described in paragraph 8 hereof to determine the Applicable Rate.