Dividend Calculation Sample Clauses
The Dividend Calculation clause defines how dividends are determined and distributed among shareholders. It typically outlines the formula or method used to calculate the amount of dividends, the timing of payments, and any conditions that must be met before dividends are issued. This clause ensures transparency and consistency in the distribution of profits, helping to prevent disputes and clarify expectations among stakeholders.
Dividend Calculation. Holder agrees that for all dividends due from the -------------------- Effective Date through Closing under the Amended Statement of Resolutions and not previously waived as to payment by any holder of Series D Convertible Preferred Stock, such dividends shall not be deemed untimely so long as they are paid on or before Closing.
Dividend Calculation. The Company and Holder agree that dividends on the -------------------- Series F Preferred Stock shall be calculated as specified the Statement of Resolutions as if (1) Holder held a certificate in the amount specified in Section 1.a as of the Effective Date of this Agreement, and (2) the Statement of Resolutions were filed with the Secretary of State of the State of Texas as of the Effective Date. Holder agrees that for all dividends due from the Effective Date through Closing under the Statement of Resolutions and not previously waived as to payment by any holder of Series F Convertible Preferred Stock, such dividends shall not be deemed untimely so long as they are paid on or before Closing.
Dividend Calculation. Dividend payments will be determined when (1) the MRF Fund Working Capital is above the cap identified in Section 1, and (2) the recycling program’s audited financial statements of the preceding year show a positive cash flow as defined in Section 3(a) of the Agreement. The Dividend payment calculation will be determined by the County based on County’s audited financial statements. This amount shall be divided between the participating communities in the Responsible Unit. The formula utilized by County to determine a Municipality’s dividend payment will be based on the following considerations: • 50% of the dividend will be based upon the proportion of the 5-year average of total eligible costs the Municipality paid for eligible recycling expenses. • 35% of the dividend will be based upon the number of eligible households in a participating community as a proportion of the total number of eligible households in the program. Eligible households, as defined under Wisconsin Administrative Code NR Chapter 544.04(4), will be identified by the Municipality’s January hauling invoice from the SWC or, if not available, according to the County’s GIS system. A multiplier of 1, 1.2, 1.4, 1.6, 1.8, or 2 will also be incorporated based on the distance the Municipality is located from the Joint MRF with 1 being the nearest and 2 being the furthest in proximity to the Joint MRF. • 7.5% of the dividend will be based upon additional recycling services Municipality provides for its residents or all County residents for a minimum of 12 months. In order to qualify, Municipality must provide evidence of said services that is satisfactory to the County. A list of qualifying services and the corresponding scores will be provided on an annual basis to the participating communities. The number of services provided and whether the services are provided to all County residents or the participating community’s residents will earn the Municipality a score of 0, 0.5, 2, or 3. A numerical assignment of 3 represents the highest number of services provided. • 7.5% of the dividend will be allocated based on education and outreach partnership opportunities in which a Municipality collaborates with the County. A list of qualifying opportunities and the corresponding scores will be provided on an annual basis to the participating communities. The number of services provided and whether the services are provided to all County residents or the municipalities’ residents will earn Municipality a s...
Dividend Calculation. From and after the Initial Issue Date, preferential cumulative dividends (“Dividends”) shall accrue on each share of Series A Preferred Stock outstanding on a daily basis in arrears at the applicable Dividend Rate then in effect. Dividends with respect to each Dividend Period shall be the sum of the dividends calculated on a daily basis during such period. The daily dividend shall be calculated as the product of (i) the Stated Value of each share of the Series A Preferred Stock outstanding as of the Dividend Payment Date for such Dividend Period, and (ii) the applicable dividend rate specified in clause (c) below (the “Dividend Rate”) for each day elapsed during such Dividend Period divided by 360. Dividends will be due and payable quarterly in arrears on each Dividend Payment Date by either (A) a cash payment or (B) to the extent not paid in cash, automatically compounded quarterly on each Dividend Payment Date; provided that, the Company may elect to pay in cash any Dividends due and payable pursuant to the preceding clause (i) only from and after the three-year anniversary of the Initial Issue Date. On each Dividend Payment Date related to a Dividend Period for which the Company does not for any reason (including because payment of any Dividend is prohibited by law) pay in cash all Dividends that accumulated during such Dividend Period, any such unpaid Dividends shall (whether or not earned or declared) become part of the Stated Value of such share as of the applicable Dividend Payment Date (“Compounded Dividends”); provided that, unless the Board of Directors shall otherwise notify the Holders on or prior to the fifth Business Day prior to the applicable Dividend Period, any such unpaid Dividends shall (whether or not earned or declared) become part of the Stated Value of such share as of the applicable Dividend Payment Date pursuant to this Section 4.