Common use of Dividend Amount Clause in Contracts

Dividend Amount. These provisions apply in respect of each Individual Tranche separately. On each Dividend Amount Payment Date for the relevant Individual Tranche, Party A will pay to Party B an amount equal to the Dividend Amount. Number of Hedged Shares: A number of Shares determined by the Calculation Agent as representing Party A’s aggregate Hedge Positions in respect of the relevant Individual Tranche as of the Ex-Dividend Date in respect of the relevant Dividend Payment Date. Dividend Amount Payment Date: The date falling two (2) Currency Business Days following each Dividend Payment Date (unless such day is not a Business Day in which case it shall be the following Business Day). Dividend amount: The product of the Actual Dividend and the Number of Hedged Shares. Actual Dividend: 100% of the net cash ordinary dividend per Share (after deduction for or on account of withholding tax at the rate applicable to Party A) declared by the Issuer to holders of record of a Share and payable on a particular Dividend Payment Date and converted into the Settlement Currency at the spot rate on the relevant Dividend Amount Payment Date (if necessary). For the avoidance of doubt, Extraordinary Dividends will not form part of the Actual Dividend and any dividend in kind (including in particular, but without limitation, a dividend in Share(s) received by the holder of record of a Share) shall constitute an Extraordinary Dividend. Dividend payment Date: In respect of an Actual Dividend, each date during the Dividend Period on which an Actual Dividend is paid by the Issuer to holders of record of a Share. Ex Dividend Date: In respect of an Actual Dividend, the date on which the Shares have commenced trading ex-dividend on the Exchange. Dividend Period: The period commencing on and including the Trade Date and ending on and including the Valuation Date in respect of the relevant Individual Tranche.