Common use of Share Adjustments Clause in Contracts

Share Adjustments. Potential Adjustment Event: Notwithstanding anything to the contrary in Section 11.2(e) of the Equity Definitions, an Extraordinary Dividend shall not constitute a Potential Adjustment Event. It shall constitute a Potential Adjustment Event if a Disrupted Day occurs or, pursuant to Section 9 below, is deemed to occur (in whole or in part) on any Trading Day on or prior to the Valuation Date. Extraordinary Dividend: Any dividend or distribution on the Shares with an ex- dividend date occurring during the period from, and including, the Trade Date to, and including, the last day of the Potential Purchase Period (as defined below) (other than any dividend or distribution of the type described in Section 11.2(e)(i), Section 11.2(e)(ii)(A) or Section 11.2(e)(ii)(B) of the Equity Definitions).

Appears in 5 contracts

Samples: Confirmation of Transaction (Align Technology Inc), Fixed Dollar Accelerated Share Repurchase Transaction (Align Technology Inc), Fixed Dollar Accelerated Share Repurchase Transaction (Align Technology Inc)

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Share Adjustments. Potential Adjustment Event: Notwithstanding anything to the contrary in Section 11.2(e) of the Equity Definitions, an Extraordinary Dividend shall not constitute a Potential Adjustment Event. It Xxxxx.Xx shall constitute a Potential Adjustment Event if a Disrupted Day occurs or, pursuant to Section 9 11 below, is deemed to occur (in whole or in part) on any Trading Day on or prior to the Valuation Date. Extraordinary Dividend: Any dividend or distribution on the Shares with an ex- ex-dividend date occurring during the period from, and including, the Trade Date to, and including, the last day of the Potential Purchase Calculation Period (as defined below) (other than any dividend or distribution of the type described in Section 11.2(e)(i), Section 11.2(e)(ii)(A) or Section 11.2(e)(ii)(B) of the Equity Definitions).

Appears in 4 contracts

Samples: Fixed Dollar Accelerated Share Repurchase Transaction (Align Technology Inc), Fixed Dollar Accelerated Share Repurchase Transaction (Align Technology Inc), Confirmation of a Share Forward Transaction (Align Technology Inc)

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