Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock, any change or conversion of Company Common Stock into other securities or any other dividend or distribution with respect to the Company Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or PRCO Common Stock, any change or conversion of Company Common Stock or PRCO Common Stock or into other securities or any other dividend or distribution with respect to the Company Common Stock or PRCO Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or OS Common Stock, any change or conversion of Company Common Stock or OS Common Stock or into other securities or any other dividend or distribution with respect to the Company Common Stock or OS Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or GSCT Common Stock, any change or conversion of Company Common Stock or GSCT Common Stock or into other securities or any other dividend or distribution with respect to the Company Common Stock or GSCT Common Stock should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. Between the date of this Agreement and the Effective Time, if either of Terra BDC or Terra REIT should split, combine or otherwise reclassify either the Terra BDC Common Stock or the Terra REIT Common Stock or makes a dividend or other distribution in shares of the Terra BDC Common Stock or the Terra REIT Common Stock (including any dividend or other distribution of securities convertible into Terra BDC Common Stock or Terra REIT Common Stock), or engages in a reorganization, recapitalization or exchange or other like change, then (without limiting any other rights of the Parties hereunder), the Exchange Ratio shall be ratably adjusted to reflect fully the effect of any such split, combination, reclassification, dividend, distribution, reorganization, exchange or change, and thereafter all references to the Exchange Ratio shall be deemed to be the Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event of any stock split, combination, reclassification or stock dividend with respect to Commodore Common Stock, any change or conversion of Commodore Common Stock into other securities; or if a record date with respect to any of the foregoing should occur, prior to the Effective Time, appropriate and proportionate adjustments shall be made to the Common Stock Exchange Ratio and the Preferred Stock Exchange Ratio, and thereafter all references in this Agreement to the Common Stock Exchange Ratio and the Preferred Stock Exchange Ratio shall be deemed to be to the Common Stock Exchange Ratio and the Preferred Stock Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event that, prior to the ---------------------------------- Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or CGMI Common Stock, any change or conversion of Company Common Stock or CGMI Common Stock with or into other securities or any other dividend or distribution with respect to the Company Common Stock or CGMI Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or ACMI Common Stock, any change or conversion of Company Common Stock or ACMI Common Stock or into other securities or any other dividend or distribution with respect to the Company Common Stock or ACMI Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
Adjustment of the Exchange Ratio. The Parties acknowledge that in the event that the shareholders or the Board of Directors of either Luxottica or Essilor decide to pay any interim dividend or other kind of distribution, in any form, to Luxottica or Essilor shareholders, as applicable, before the Completion Date, other than an annual dividends paid in cash (i) for Essilor up to an amount corresponding to 40% of the Essilor’s reported net income (the 3% distribution tax being excluded) as per Essilor’s annual report for the relevant financial year and (ii) for Luxottica up to an amount corresponding to 50% of the Luxottica’s adjusted net income as per Luxottica’s annual report for the relevant financial year, the Exchange Ratio (ER), as described in Schedule 7 hereto, shall be adjusted as follows: ERn = [(ERn-1 x SPEssilor) – (DivLuxottica+TaxDivLuxottica)] / (SPEssilor – (DivEssilor+TaxDivEssilor))
Adjustment of the Exchange Ratio. In the event that, prior to the Effective Time, any stock split, combination, reclassification or stock dividend with respect to the Company Common Stock or BOCI Common Stock, any change or conversion of Company Common Stock or BOCI Common Stock or into other securities or any other dividend or distribution with respect to the Company Common Stock or BOCI Common Stock (other than regular quarterly dividends) should occur or, if a record date with respect to any of the foregoing should occur, appropriate and proportionate adjustments shall be made to the Exchange Ratio, and thereafter all references to an Exchange Ratio shall be deemed to be to such Exchange Ratio as so adjusted.
