Ordinary Dividends definition

Ordinary Dividends means, in respect of any Entity, ordinary cash dividends declared and paid out of surplus and/or net profits (as determined in accordance with applicable law) in accordance with the dividend policy of such Entity as in effect from time to time; provided, however, that notwithstanding the foregoing, the excess, if any, of (a) the aggregate amount of dividends declared and paid by such Entity in any Fiscal Year over (b) 50% of such Entity’s and its Subsidiaries’ consolidated net income (determined in accordance with GAAP) for the immediately preceding Fiscal Year shall not constitute “Ordinary Dividends” to the extent of such excess.

Ordinary Dividends means cash dividends paid to the holders of capital stock of the Borrower in the ordinary course of business.

Ordinary Dividends. ’ means the dividends in respect of the Ordinary Securities; ‘‘Ordinary Securities’’ means the ordinary shares of the Company;

Examples of Ordinary Dividends in a sentence

• Schedule B – Interest and Ordinary Dividends ...........................................................................................1..

• None NoSch B ...................Interest and Ordinary Dividends............................................................................................................

• Dividend income is separated as Qualified Dividends on line 3a and Ordinary Dividends on line 3b of the 1040 tax return.

• Use line 3b (Ordinary Dividends) only as this represents the total dividends reported which includes the Qualified Dividends.

• For individual shareholders, Ordinary Dividends (including eligible dividends) will be subject to the usual gross-up and dividend tax credit rules with respect to taxable dividends paid by taxable Canadian corporations under the Tax Act.

More Definitions of Ordinary Dividends

Ordinary Dividends means dividends other than Capital Gains Dividends.

Ordinary Dividends means dividends paid by a mutual fund corporation which it does not elect to pay out of capital gains.

Ordinary Dividends means (i) the Company’s quarterly dividend of $0.115 per share declared on January 17, 2018 to the extent unpaid as of the date of this Agreement and (ii) the Company’s quarterly dividend to be declared on or about April 19, 2018, if any, in an amount not to exceed $0.115 per share.

Ordinary Dividends means dividends paid by the Company other than Capital Gains Dividends. “Portfolio” means the Company’s investment portfolio.

Ordinary Dividends means dividends paid in the normal course which are not special dividends, as determined by the Calculation Agent acting in good faith according to industry practice.

Ordinary Dividends has the meaning provided in Section 6(a).

Ordinary Dividends with respect to a Subsidiary means the payment of ordinary dividends by such Subsidiary in the ordinary course of business consistent with the past practice of such Subsidiary plus additional amounts reasonably necessary to allow Company to satisfy its obligations in Section 5.15(i) above; provided that such amounts are permitted to be distributed without the approval or consent of any applicable regulatory authorities.