Common use of RIGHTS UPON DISTRIBUTION OF ASSETS Clause in Contracts

RIGHTS UPON DISTRIBUTION OF ASSETS. If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of Ordinary Shares (other than dividends in the form of Ordinary Shares), by way of return of capital or otherwise (including, without limitation, any distribution of cash, shares or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), a Holder shall be entitled to receive the dividend or distribution of assets that would have been payable to such Holder pursuant to the Distribution had such Holder converted his or her Series A Preference Shares (or, if he or she had partially converted such shares prior to the Distribution, any unconverted portion thereof) immediately prior to the record date applicable to such Distribution.

RIGHTS UPON DISTRIBUTION OF ASSETS. If the Company Corporation shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) other than cash to holders of Ordinary Shares (other than dividends in the form shares of Ordinary Shares)Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, shares stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), a Holder shall be entitled to receive the dividend or distribution of assets that would have been payable to such Holder pursuant to the Distribution had such Holder converted his or her shares of Series A Preference Shares Preferred Stock (or, if he or she such Holder had partially converted such shares prior to the Distribution, any unconverted portion thereof) immediately prior to the such record date applicable to such Distributiondate.

RIGHTS UPON DISTRIBUTION OF ASSETS. If the Company Corporation shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of Ordinary Shares (other than dividends in the form of Ordinary Common Shares), by way of return of capital or otherwise (including, without limitation, any distribution of cash, shares stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangementreorganization, scheme plan of arrangement or other similar transaction) (a “Distribution”), a Holder holder of Series I Non-Voting Convertible First Preferred Shares shall be entitled to receive the dividend or distribution of assets that would have been payable to such Holder holder pursuant to the Distribution had such Holder holder converted his his, her or her its Series A Preference I Non-Voting Convertible First Preferred Shares (or, if he he, she or she it had partially converted such shares prior to the Distribution, any unconverted portion thereof) immediately prior to the such record date applicable to such Distributiondate.