Adjustment Due to Distribution. Subject to Article III.A, if the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "DISTRIBUTION"), then Holder shall be entitled, upon any conversion of this Debenture (and upon any exercise of Investment Options) after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder with respect to the shares of Common Stock issuable upon such conversion (or upon such exercise of Investment Options) had Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.
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Adjustment Due to Distribution. Subject to Article III.AIf, if at any time after the Issue Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "DISTRIBUTIONDistribution"), then Holder the Holders of the Notes shall be entitled, upon any conversion of this Debenture (and upon any exercise of Investment Options) the Notes after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion (or upon such exercise of Investment Optionswithout giving effect to the limitations contained in Article III.D) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.
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Sources: Convertible Note Agreement (Merlin Software Technologies International Inc)
Adjustment Due to Distribution. Subject to Article III.A, if If at any time on or after the Closing Date the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "DISTRIBUTION"), then the Holder shall be entitled, upon any conversion exercise of this Debenture (and upon any exercise of Investment Options) Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (or upon such exercise of Investment Optionswithout giving effect to the limitations contained in Article II.D) had Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.
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Adjustment Due to Distribution. Subject to Article III.A, if If the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., I.E. a spin-off)) (a "DISTRIBUTIONDistribution"), then Holder the holders of Series H Preferred Stock shall be entitled, upon any conversion of this Debenture (and upon any exercise shares of Investment Options) Series H Preferred Stock after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder the holder with respect to the shares of Common Stock issuable upon such conversion (or without giving effect to any limitations upon such exercise of Investment Optionsconversion imposed by Article IV.C) had Holder such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.
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Sources: Securities Purchase Agreement (Palomar Medical Technologies Inc)