Common use of Additional Participation Amount Clause in Contracts

Additional Participation Amount. Holders of the Class A Preferred Shares shall be entitled to receive an additional dividend in the amount of the Additional Participation Amount to the extent, and on the date, that the Company pays dividends on the Common Shares. The right of the holders of Class A Preferred Shares to receive any Additional Participation Amount shall be conditional upon and rank pari passu with the right of holders of Common Shares to receive dividends on the Common Shares.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Amgen Inc), Master Repurchase Agreement (Integrated Device Technology Inc)