Common use of Adjustments for Other Distributions Clause in Contracts

Adjustments for Other Distributions. In the event the Company at any time or from time to time makes, or fixes a record date for the determination of holders of Ordinary Shares entitled to receive, any distribution payable in securities of the Company other than Ordinary Shares and other than as otherwise adjusted in this Clause 18, then and in each such event provision shall be made so that the holders of Preference Shares shall receive upon conversion thereof, in addition to the number of Ordinary Shares receivable thereupon, the amount of securities of the Company which they would have received had their Preference Shares been converted into Ordinary Shares immediately prior to such record date or on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Clause 18 with respect to the rights of the holders of Preference Shares. If the Company shall declare a distribution payable in securities of other persons, evidence of indebtedness of the Company or other persons, assets (excluding cash dividends) or options or rights not referred to in this Clause 18.3(b), the holders of Preference Shares shall be entitled to a proportionate share of any such distribution as though they were the holders of the number of Ordinary Shares of the Company into which their Preference Shares are convertible as of the record date fixed for determination of the holders of Ordinary Shares of the Company entitled to receive such distribution.

Appears in 3 contracts

Samples: Shareholders Agreement, Shareholders’ Agreement (Noah Education Holdings Ltd.), Shareholders’ Agreement (Noah Education Holdings Ltd.)

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Adjustments for Other Distributions. In Subject to Condition (B)2(d), in the event the Company at any time or from time to time makes, or fixes a record date for the determination of holders of Ordinary Common Shares entitled to receive, any distribution payable in securities of the Company other than Ordinary Common Shares and other than as otherwise adjusted elsewhere in this Clause 18Condition (B)4, then and in each such event provision shall be made so that the holders of Preference Shares Noteholder shall receive upon conversion thereof, in addition to the number of Ordinary Common Shares receivable thereupon, the amount of securities of the Company which they it would have received had their Preference Shares its Convertible Note been converted into Ordinary Common Shares immediately prior to such record date or on the date of such event and had they it thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Clause 18 Condition (B)4 with respect to the rights of the holders of Preference SharesNoteholder. If Subject again to Condition (B)2(d), if the Company shall declare a distribution payable in securities of other personsPersons, evidence of indebtedness of the Company or other personsPersons, assets (excluding cash dividends) or options or rights not referred to in this Clause 18.3(bCondition (B)4(d), the holders of Preference Shares Noteholder shall be entitled to a proportionate share of any such distribution as though they it were the holders of the number of Ordinary Common Shares of the Company into which their Preference Shares are its Convertible Note is convertible as of the record date fixed for determination of the holders of Ordinary Common Shares of the Company entitled to receive such distribution.

Appears in 1 contract

Samples: Supplemental Agreement (Canadian Solar Inc.)

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Adjustments for Other Distributions. In To the extent permitted by the relevant law, in the event the Company at any time or from time to time makes, or fixes a record date for the determination of holders of Ordinary Common Shares entitled to receive, any distribution payable in of securities of the Company Company, other than Ordinary Common Shares and other than as otherwise adjusted in this Clause 18Paragraph (3), then and in each the Company shall reserve such event provision shall be made securities so that the holders of Preference Series A Preferred Shares shall receive upon conversion thereof, in addition to the number of Ordinary Common Shares receivable thereupon, the amount of securities of the Company which they would have received had their Preference Series A Preferred Shares been converted into Ordinary Common Shares immediately prior to such the record date or on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid their Series A Preferred Shares during such period, subject to all other adjustments called for during such period under this Clause 18 Paragraph (3) with respect to the rights of the holders of Preference Series A Preferred Shares. If To the extent permitted by the relevant law, if the Company shall declare a distribution payable in securities of other persons, evidence of indebtedness (not in the nature of securities) of the Company or other persons, assets (excluding cash dividends) or options or rights not referred to above in this Clause 18.3(bParagraph (3)(d)(ii), the holders of Preference Series A Preferred Shares shall be entitled to a proportionate share of any such distribution as though they were the holders of the number of Ordinary Common Shares of the Company into which their Preference Series A Preferred Shares are convertible as of the record date fixed for determination of the holders of Ordinary Common Shares of the Company entitled to receive such distribution.

Appears in 1 contract

Samples: Termination Agreement (Pixelplus Co., Ltd.)

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