Define: Dividend Amount
with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the L
with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).
Relevant Circumstances
- When a convertible-note holder is entitled to participate in cash dividends
- If dividend treatment requires a deemed liquidity price calculation
- Where preferred share rights include catch-up on missed dividends