Common use of Adjustments for Dividends, Distributions or other Corporate Events Clause in Contracts

Adjustments for Dividends, Distributions or other Corporate Events. If on or after the date hereof, either Party: (a) splits, consolidates or reclassifies any of its common shares; (b) undertakes any other capital reorganization; or (c) declares, sets aside or pays any dividend or other distribution to its shareholders of record as of a time prior to the Effective Date, the Parties hereto shall make such adjustments to the Arrangement, including the Arrangement Consideration, as they determine acting in good faith to be necessary to restore the original intention of the Parties in the circumstances.

Adjustments for Dividends, Distributions or other Corporate Events. If on or after the date hereof, either Party: (ai) splits, consolidates or reclassifies any of its common shares; (bii) undertakes any other capital reorganization; or (ciii) declares, sets aside or pays any dividend or other distribution to its shareholders of record as of a time prior to the Effective Date, the Parties hereto shall make such adjustments to the Arrangement, including the Arrangement Share Consideration, as they determine acting in good faith to be necessary to restore the original intention of the Parties in the circumstances.