Common use of Dividend Payment Clause in Contracts

Dividend Payment. Axcelis Technologies presently expects to pay the $300 million dividend payable to Eaton, which dividend payment Eaton intends to use directly to satisfy obligations to its lenders.

Dividend Payment. Axcelis Technologies presently expects to pay the $300 million dividend payable to EatonEaton in cash out of the net proceeds of the IPO, which dividend payment Eaton intends to use directly to satisfy obligations to its lenders.