Section
10.1.
Dividend Amount. “
Dividend Amount” means, in respect of the relevant
Share, the related
Dividend Period and the related
Dividend Payment Date, the
Record Amount, the
Ex Amount or the
Paid Amount, as specified in the related
Confirmation, or any other amount determined as provided in the related
Confirmation or included as part of an adjustment pursuant to Section
11.2.
- 10.1(a) Record Amount. “Record Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share declared by the Issuer to holders of record of a Share on any record date occurring during the relevant Dividend Period.
- 10.1(b) Ex Amount. “Ex Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share declared by the Issuer to holders of record of a Share where the date that the Shares have commenced trading “ex-dividend” on the Exchange occurs during the relevant Dividend Period.
- 10.1(c) Paid Amount. “Paid Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share paid by the Issuer during the relevant Dividend Period to holders of record of a Share.
Any “
gross cash dividend” shall represent a sum before the
withholding or deduction of
taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a
dividend, and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “
gross cash dividends” shall exclude
Extraordinary Dividends and
Excess Dividend Amounts,
if any,
unless otherwise provided in the related
Confirmation.