General Provisions Relating to Adjustment Sample Clauses

General Provisions Relating to Adjustment. The Company may not reduce the Conversion Price from time to time so that on conversion, Ordinary Shares would be issued at a discount to their par value. Except in the case of a consolidation or reclassification of Ordinary Shares pursuant to Section 13.4(a)(iii), the Conversion Price will not be increased as a result of any adjustment. In case of an adjustment that becomes effective on the record date of an issuance or distribution giving rise to the adjustment, if the actual amount of adjustment cannot be determined on such record date because certain terms of issuance or distribution have not been determined, the Company may elect to defer the effectiveness of such adjustment until it can be determined and such adjustment will take effect retroactively from the record date set for such issuance or distribution. In such case, the Company shall issue additional Ordinary Shares, as a result of such adjustment, to the Holders who surrendered for conversion between such record date and the date on which such adjustment is determinable. If any doubt arises as to the appropriate adjustment to the Conversion Ratio, a certificate of the Company’s auditors at the time will be conclusive and binding on all concerned except in the case of manifest error. No adjustment will be made to the Conversion Price where the adjustment, rounded to the nearest cent as provided below, if applicable, would be less than one percent of the Conversion Price then in effect. On any adjustment, the resulting Conversion Price will be rounded to the nearest cent (or the smaller of the nearest cent in the case of two equally near cents). Any adjustment not required to be made and any amount by which the Conversion Price will be rounded will be carried forward and taken into account in any subsequent adjustment. No adjustment will be made to the Conversion Price where Ordinary Shares or other securities, options or rights to subscribe for or purchase Ordinary Shares or other securities are issued pursuant to any stock option or purchase programs, plans or similar arrangements approved by the Board of Directors or the shareholders of the Company. If a Conversion Date falls prior to the Adjustment Effective Date of an adjustment of the Conversion Price in circumstances where the issuance of Ordinary Shares in respect of the exercise of relevant conversion right falls on or after such Adjustment Effective Date, the Company shall issue to the relevant Holder the additional number of Ordinary...
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