Common use of Reduction in Purchase Price Clause in Contracts

Reduction in Purchase Price. Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that in their good faith judgment the Board shall determine to be advisable in order that any consolidation or subdivision of Class A Ordinary Shares, issuance wholly for cash of any Class A Ordinary Shares at less than the Current Market Price, issuance wholly for cash of Class A Ordinary Shares or securities which by their terms are convertible into or exchangeable for Class A Ordinary Shares, stock dividends of shares or issuance of rights, options or warrants referred to in this Section 11 hereafter made by the Company to holders of its Class A Ordinary Shares shall not be taxable to such shareholders.

Reduction in Purchase Price. Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that it in their good faith judgment the Board its sole discretion shall determine to be advisable in order that any consolidation or subdivision of the Class A Ordinary Preferred Shares, issuance wholly for cash of any of the Class A Ordinary Preferred Shares at less than the Current Market Pricecurrent market price, issuance wholly for cash of Class A Ordinary Preferred Shares or securities which by their terms are convertible into or exchangeable for Class A Ordinary Preferred Shares, stock dividends of shares on Class A Preferred Shares payable in Class A Preferred Shares or issuance of rights, options or warrants referred to above in this Section 11 11, hereafter made by the Company to holders of its Class A Ordinary Shares Preferred Shares, shall not be taxable to such shareholdersstockholders.