Definition of 2012 Dividend Amount


2012 Dividend Amount means an amount paid by the Company as cash dividend to its shareholders for the financial year of 2012, which is (a) the lesser of (i) NIS 400,000,000; and (ii) an amount certified by the CFO of the Company stating the distributable profits of the Company as of December 31, 2012, for the financial years 2011 and 2012, as calculated in accordance with the Company’s accounting policies; minus (b) any dividend paid by the Company to its shareholders from the date of the Assumption Agreement and up to (and including) the Effective Date.