Excess Cash Dividend definition

Excess Cash Dividend means any cash dividend to holders of shares that, together with all other cash dividends previously paid to holders of shares in the same financial year, exceeds, on a per share basis, an amount equal to the interest that has accrued and shall accrue at 7% in such financial year divided by the number of shares into which the note is convertible at the conversion price then in effect on the relevant record date.
Sample 1Sample 2Sample 3
Excess Cash Dividend means any cash dividend to holders of Shares that, together with all other cash dividends previously paid to holders of Shares in the same financial year, exceeds, on a per Share basis, the Per Share Interest Amount.
Sample 1Sample 2Sample 3
Excess Cash Dividend shall have the meaning set forth in Section 6(a)(ii).
Sample 1Sample 2Sample 3

Examples of Excess Cash Dividend in a sentence

  • If the Company pays any Excess Cash Dividend in any financial year, it shall simultaneously pay to the Holder an amount equal to the Excess Dividend Amount multiplied by the number of Shares into which this Note is convertible at the Conversion Price then in effect on the relevant record date for the payment of such Excess Cash Dividend.

  • If CGMI receives an Ordinary Cash Dividend in the Collateral Account, CGMI shall, unless an Event of Default has occurred and is continuing or an Early Termination Date has been designated, promptly deliver the portion of such Ordinary Cash Dividend that is not an Excess Cash Dividend to Pledgor and, upon such delivery, the Lien on such portion of such Ordinary Cash Dividend shall be released.

  • As there is no Excess Cash Dividend for the current period, such participating right effect is nil.

  • Dividends: For each Transaction: Excess Cash Dividend: That portion, if any, of the per Share amount of any Ordinary Cash Dividend that, together with the amount of all previous Ordinary Cash Dividends, if any, for which the ex-dividend date occurs within the same Dividend Period, exceeds the Contractual Dividend Amount for such Dividend Period.

  • If Citibank receives an Ordinary Cash Dividend in the Collateral Account, Citibank shall, unless an Event of Default has occurred and is continuing or an Early Termination Date has been designated, promptly deliver the portion of such Ordinary Cash Dividend that is not an Excess Cash Dividend to Pledgor and, upon such delivery, the Lien on such portion of such Ordinary Cash Dividend shall be released.

  • The Further Excess Cash Dividend shall be an amount equal to (i) an amount calculated by applying a rate of 5 per cent.

  • The "Excess Amount" of an Excess Cash Dividend is the amount by which such Cash distribution exceeded the Cash Limit.


More Definitions of Excess Cash Dividend

Excess Cash Dividend has the meaning specified in the Contract.
Sample 1Sample 2Sample 3
Excess Cash Dividend means any cash dividend to holders of CCBC Shares that, together with all other cash dividends previously paid to holders of such CCBC Shares in the same financial year, exceeds, on a per CCBC Share basis, an amount equal to the Per Share Interest Amount.
Sample 1Sample 2Sample 3
Excess Cash Dividend means an amount of cash (rounded down to the nearest $0.001) equal to (i) $23.50 minus (ii) the sum of (A) (x) $23.50 times (y) the fraction used to determine the Prorated Per Share Stock Dividend pursuant to Section 2.03(d)(2)(A), plus (B) the Per Share Merger Consideration.
Sample 1Sample 2Sample 3
Excess Cash Dividend. Any Ordinary Cash Dividend to the extent the Gross Dividend Amount of such Ordinary Cash Dividend, together with any other Ordinary Cash Dividend with an ex-dividend date in the same calendar quarter, exceeds the applicable Contractual Dividend.
Sample 1
Excess Cash Dividend. That portion, if any, of the per Share amount of any Ordinary Cash Dividend that, together with the amount of all previous Ordinary Cash Dividends, if any, for which the ex-dividend date occurs within the same Dividend Period, exceeds the Contractual Dividend Amount for such Dividend Period. Ordinary Cash Dividend: Any Relevant Dividend that is, in the determination of the Calculation Agent, an ordinary cash dividend denominated in USD.
Sample 1
Excess Cash Dividend means a dividend in the amount of £225,000,000 to be declared and paid by NGGH to the Seller; “Existing Budget” means the existing budget in respect of the XxxX Group and contained in the column headed “2023E” in the Initial Business Plan;
Sample 1

Related to Excess Cash Dividend

  • Ordinary Cash Dividends means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.