Common use of Stock Dividends and Share Splits Clause in Contracts

Stock Dividends and Share Splits. If the Guarantor exclusively issues Ordinary Shares as a dividend or distribution on all or substantially all Ordinary Shares, or if the Guarantor effects an Ordinary Share split or Ordinary Share combination, the Exchange Rate will be adjusted based on the following formula: ER1 = ER0 x OS1 OS0 where: ER0 = the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date of such Ordinary Share split or Ordinary Share combination, as applicable; ER1 = the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective date; OS0 = the number Ordinary Shares outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such effective date; and OS1 = the number of Ordinary Shares outstanding immediately after giving effect to such dividend, distribution, Ordinary Share split or Ordinary Share combination. Any adjustment made under this Section 7.05(a) shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date for such Ordinary Share split or Ordinary Share combination. If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announced.

Stock Dividends and Share Splits. If the Guarantor Issuer exclusively issues Ordinary Shares as a dividend or distribution on all or substantially all Ordinary Shares, or if the Guarantor Issuer effects an Ordinary Share split or Ordinary Share combination, the Exchange Rate will be adjusted based on the following formula: ER1 = ER0 x OS1 OS0 where: ER0 = the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date of such Ordinary Share split or Ordinary Share combination, as applicable; ER1 = the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective date; OS0 = the number Ordinary Shares outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such effective date; and OS1 = the number of Ordinary Shares outstanding immediately after giving effect to such dividend, distribution, Ordinary Share split or Ordinary Share combination. Any adjustment made under this Section 7.05(a7.5(A) shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date for such Ordinary Share split or Ordinary Share combination. If any dividend or distribution of the type described in this Section 7.05(a7.5(A) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the GuarantorIssuer’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announced.

Stock Dividends and Share Splits. If the Guarantor Parent exclusively issues Ordinary Common Shares as a dividend or distribution on all or substantially all Ordinary of the Common Shares, or if the Guarantor Parent effects an Ordinary Share split a share subdivision or Ordinary Share combinationshare consolidation with regard to the Common Shares, the Exchange Rate will be adjusted based on the following formula: ER1 = ER0 x OS1 OS0 where: ER0 = the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date Effective Date of such Ordinary Share split share subdivision or Ordinary Share combinationshare consolidation, as applicable; ER1 = the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective dateEffective Date; OS0 = the number Ordinary Common Shares outstanding in issue immediately prior to the Open of Business on such Ex-Dividend Date or such effective dateEffective Date; and OS1 = the number of Ordinary Common Shares outstanding in issue immediately after giving effect to such dividend, distribution, Ordinary Share split share subdivision or Ordinary Share combinationshare consolidation. Any adjustment made under this Section 7.05(a) shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date Effective Date for such Ordinary Share split share subdivision or Ordinary Share combinationshare consolidation. If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the GuarantorParent’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announceddeclared.

Stock Dividends and Share Splits. If the Guarantor exclusively issues Ordinary Shares as a dividend or distribution on all or substantially all Ordinary Shares, or if the Guarantor effects an Ordinary Share split or Ordinary Share combination, the Exchange Rate will be adjusted based on the following formula: ER1 = ER0 x × OS1 OS0 where: ER0 = the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date of such Ordinary Share split or Ordinary Share combination, as applicable; ER1 = the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective date; OS0 = the number Ordinary Shares outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such effective date; and OS1 = the number of Ordinary Shares outstanding immediately after giving effect to such dividend, distribution, Ordinary Share split or Ordinary Share combination. Any adjustment made under this Section 7.05(a) shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date for such Ordinary Share split or Ordinary Share combination. If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announced.

Stock Dividends and Share Splits. If the Guarantor exclusively Company issues Ordinary Shares shares of Common Stock as a dividend or distribution on all or substantially all Ordinary Sharesshares of the outstanding Common Stock, or if the Guarantor Company effects an Ordinary Share a share split of the Common Stock or Ordinary Share combinationa share combination of the Common Stock, the Exchange Conversion Rate will be adjusted based on the following formula: ER1 = ER0 x OS1 OS0 whereWhere: ER0 CR0 = the Exchange Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date Effective Date of such Ordinary Share share split or Ordinary Share share combination, as applicable; ER1 CR1 = the Exchange Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective datesuch Effective Date; OS0 = the number Ordinary Shares of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such effective dateEffective Date; and OS1 = the number of Ordinary Shares shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, Ordinary Share share split or Ordinary Share share combination. If any dividend or distribution of the type described in this Section 9.05(a) is declared, but not so paid or made, the Conversion Rate will be immediately readjusted, effective as of the date that the Board of Directors determines not to pay such dividend or distribution to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared or announced. Any adjustment made under this Section 7.05(aclause (a) shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date Effective Date for such Ordinary Share share split or Ordinary Share share combination. If any dividend or distribution of the type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution, to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared or announcedapplicable.