Minimum Dividend Amount

Minimum Dividend Amount. Means in respect of each share of Series C Preferred, $2.80; provided if the Corporation at any time subdivides (by stock split, stock dividend, recapitalization or otherwise) the Series C Preferred into a greater number of shares or if the Corporation at any time combines (by reverse stock split or otherwise) the outstanding shares of Series C Preferred into a smaller number of shares, then the Minimum Dividend Amount in effect immediately prior to such subdivision or combination shall be... proportionately adjusted. In determining the Minimum Dividend Amount as of given date, the amount dividends actually paid, if any, prior to such date on such share of Series C Preferred shall reduce the Minimum Dividend Amount. 19 View More

Minimum Dividend Amount. Means, on any date, with respect to any share of Preferred Stock issued on any Issuance Date, the aggregate amount of cumulative dividends that would accrue pursuant to Section 2.1(a) from such Issuance Date to and including the fifth anniversary of the Original Issuance Date less the amount of dividends that have accreted pursuant to Section 2.1(a) through such date.