Common use of Share Dividends and Share Splits Clause in Contracts

Share Dividends and Share Splits. If the Company, at any time while this Debenture is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions payable in Common Shares or any Common Share Equivalents (which, for avoidance of doubt, shall not include any Common Shares issued by the Company upon conversion of, or payment of interest on, the Debentures), (ii) subdivides outstanding Common Shares into a larger number of shares, (iii) combines (including by way of a reverse share split) outstanding Common Shares into a smaller number of shares or (iv) issues, in the event of a reclassification of Common Shares, any shares of capital of the Company, then the Conversion Price shall be adjusted by multiplying the existing Conversion Price by the quotient obtained by dividing: (I) the issued number of Common Shares (excluding any treasury shares of the Company) outstanding immediately before such event, by (II) the number of Common Shares (excluding any treasury shares of the Company) outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Share Dividends and Share Splits. If the Company, at any time while this Debenture is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions payable in Common Ordinary Shares on Ordinary Shares or any Common Share Ordinary Shares Equivalents (which, for avoidance of doubt, shall not include any Common Ordinary Shares issued by the Company upon conversion of, or payment of interest on, the Debentures), (ii) subdivides outstanding Common Ordinary Shares into a larger number of shares, (iii) combines (including by way of a reverse share split) outstanding Common Ordinary Shares into a smaller number of shares or (iv) issues, in the event of a reclassification of Common Shares, any shares of Ordinary Shares or any capital shares of the Company, then the Conversion Price shall be adjusted multiplied by multiplying a fraction of which the existing Conversion Price by numerator shall be the quotient obtained by dividing: (I) the issued number of Common Ordinary Shares (excluding any treasury shares of the Company) outstanding immediately before such event, by (II) and of which the denominator shall be the number of Common Ordinary Shares (excluding any treasury shares of the Company) outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Share Dividends and Share Splits. If the Company, at any time while this Debenture any Preferred Share is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions payable in Common Ordinary Shares on Ordinary Shares or any Common other Ordinary Share Equivalents (which, for avoidance of doubt, shall not include any Common Ordinary Shares issued by the Company upon conversion of, or payment of interest a dividend on, the DebenturesPreferred Shares), (ii) subdivides outstanding Common Ordinary Shares into a larger number of shares, (iii) combines (including by way of a reverse share split) outstanding Common Ordinary Shares into a smaller number of shares shares, or (iv) issues, in the event of a reclassification of Common Ordinary Shares, any shares of capital stock of the Company, then the Conversion Price shall be adjusted multiplied by multiplying a fraction of which the existing Conversion Price by numerator shall be the quotient obtained by dividing: (I) the issued number of Common Ordinary Shares (excluding any treasury shares of the Company) outstanding immediately before such event, by (II) and of which the denominator shall be the number of Common Ordinary Shares (excluding any treasury shares of the Company) outstanding immediately after such event. Any adjustment made pursuant to this Section 20.1 shall become effective effective: (i) immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective or, as applicable, (ii) immediately after the effective date in the case of a subdivision, combination or re-classificationre‑classification.