Adjustment for Distribution. If, at any time prior to Exercise of the Warrants in accordance with section 2 above, a record or entitlement date is fixed for a Distribution declared on Ordinary Shares, then the Exercise Price will be reduced by the amount of the Distribution expressed on a per share basis.
Adjustment for Distribution. If the Company distributes (including by way of share repurchases to the extent in excess of the Current Market Price per share but not including payments, in cash or otherwise, to any such holder in a capacity other than as a holder of any equity securities of the Company) to the holders of any series or class of its Common Stock any of its assets (including, but not limited to, cash), debt securities, preferred stock, or any rights or warrants to purchase debt securities, preferred stock, assets or other securities of the Company, the Exercise Price shall be adjusted in accordance with the formula: E1 = E * (( M - F ) / M) where: E1 = the adjusted Exercise Price. E = the current Exercise Price. M = the Current Market Price per share of Common Stock on the record date mentioned below. F = the Fair Market Value per share (as defined in Section 8(h)) on the record date of the assets, securities, rights or warrants so distributed applicable to one share of Common Stock. The adjustment shall be made successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of stockholders entitled to receive the distribution. This Section 8(d) does not apply to rights, options or warrants referred to in Sections 8(c) or 8(f) hereof.
Adjustment for Distribution. If the Company distributes (including by way of share repurchases to the extent in excess of the Current Market Price per share but not including payments to any such holder in a capacity other than as a holder of any equity securities of the Company) to the holders of any series or class of its Common Stock any of its assets (other than cash), debt securities, preferred stock, or any rights or warrants to purchase debt securities, preferred stock, assets or other securities of the Company (other than Common Stock), the Exercise Price shall be adjusted in accordance with the formula: E1 = E* ((M – F ) / M) where: E1 = the adjusted Exercise Price. E = the current Exercise Price. M = the Current Market Price per share of Common Stock on the record date mentioned below. F = the Fair Market Value (as defined in Section 8(h)) of the assets, securities, rights or warrants distributed with respect to one share of Common Stock) on the record date of such distribution. The adjustment shall be made successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of stockholders entitled to receive the distribution. This Section 8(d) does not apply to rights, options or warrants referred to in Sections 8(c) or 8(f) hereof.
Adjustment for Distribution. If, at any time or from time to time after the date hereof, the Company distributes (including by way of share repurchases to the extent in excess of the Current Market Price per share but not including payments to any such holder in a capacity other than as a holder of any equity securities of the Company) to the holders of any series or class of Common Stock any of its assets (other than cash), debt securities, preferred stock, or any rights or warrants to purchase debt securities, preferred stock, assets or other securities of the Company (other than Common Stock) (except to the extent that the Company distributes to the Warrant Holders assets (other than cash), debt securities, preferred stock or any rights or warrants to purchase debt securities, preferred stock, assets or other securities of the Company (other than Common Stock) which the Warrant Holders would have been entitled to received had such Warrant Holder exercised its Warrants prior to the record date), the Exercise Price shall be adjusted in accordance with the formula: E1 = E x ((M – F) / M) where: E1 = the adjusted Exercise Price. E = the current Exercise Price. M = the Current Market Price per share of Common Stock on the record date mentioned below. F = the Fair Market Value (as defined in Section 8(h) hereof) of the assets, securities, rights or warrants distributed with respect to one share of Common Stock) on the record date of such distribution. The adjustment shall be made successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of stockholders entitled to receive the distribution. This Section 8(d) does not apply to rights, options or warrants referred to in Sections 8(c) or 8(f) hereof.
