Dividend Accrual Date definition

Dividend Accrual Date means the last day of March, June, September and December in each year.

Dividend Accrual Date means February 1, May 1, August 1 and November 1 of each year, whether or not such day is a Business Day.

Dividend Accrual Date means the date that is one hundred and eighty (180) days following the Issue Date.

Examples of Dividend Accrual Date in a sentence

• If the Board of Directors elect to pay dividends in cash on any Dividend Accrual Date, the Company shall provide written notice thereof to the Holders not less than three Business Days prior to such Dividend Accrual Date.

• The Liquidation Amount shall be automatically increased on each Dividend Accrual Date as provided in Section 3 to reflect the accrual of dividends at the Applicable Dividend Rate to the extent such dividends have not been paid.

• The period from and including any Dividend Accrual Date to, but excluding, the next Dividend Accrual Date is a “Dividend Period”; provided that the initial Dividend Period shall be the period from and including the Original Issue Date to, but excluding, the next Dividend Accrual Date.

• If any Dividend Accrual Date on which the Board of Directors determines to pay dividends on the Series G Preferred Stock would otherwise fall on a day that is not a Business Day, then the dividend payment due on such Dividend Accrual Date shall be postponed to the next day that is a Business Day and no additional dividends shall accrue as a result of such postponement.

• Beginning on and following such Dividend Accrual Date and ending on the date upon which the Company completes the Charter Amendment Merger, the Series B Preferred Stock shall accrue cumulative dividends on its liquidation preference at an annual rate of 20%, which shall be added to the liquidation preference of such preferred stock on a quarterly basis.

More Definitions of Dividend Accrual Date

Dividend Accrual Date means each anniversary date of the Purchase Date and the dates three months, six months and nine months of each year thereafter, beginning with the date three months after the Purchase Date, or at such additional times and for such interim periods, if any, as determined by the Board of Directors.

Dividend Accrual Date means December 16, 2018.

Dividend Accrual Date means the first day of each calendar month.

Dividend Accrual Date means each January 1, April 1, July 1 and October 1 of each year, beginning on the first such date after the date of issuance of the applicable shares, or at such additional times and for such interim periods, if any, as determined by the Board of Directors.

Dividend Accrual Date has the meaning set forth in Section D.

Dividend Accrual Date means the date as of which the EBITDA for the immediately preceding twelve full calendar months equals or exceeds $60 million (the “initial Dividend Accrual Date”) and December 31 of each year thereafter; except that if any Dividend Accrual Date is not a Business Day, then the next succeeding Business Day shall be the Dividend Accrual Date.

Dividend Accrual Date means the date from which dividends accrue on Converting Preference Shares as specified in the Terms of Issue.