Additional Units or Substituted Securities. In the event of the declaration of a unit dividend, the declaration of an extraordinary dividend payable in a form other than Units, a spin-off, a unit split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Units without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Units subject to this Section 5 or into which such Units thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Units subject to this Section 5 and Section 3.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Kimbell Tiger Acquisition Corp), Securities Subscription Agreement (Kimbell Tiger Acquisition Corp)
Additional Units or Substituted Securities. In the event of the declaration of a unit share dividend, the declaration of an extraordinary dividend payable in a form other than Units, a spin-off, a unit share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Units without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Units subject to this Section 5 or into which such Units thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Units subject to this Section 5 and Section 3.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Rice Acquisition Corp. II), Securities Subscription Agreement (Rice Acquisition Corp. II)
Additional Units or Substituted Securities. In the event of the declaration of a unit share dividend, the declaration of an extraordinary dividend payable in a form other than Units, a spin-off, a unit share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Units without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Units subject to this Section 5 4 or into which such Units thereby become convertible shall immediately be subject to this Section 5 and Section 34. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Units subject to this Section 5 and Section 34.
Appears in 1 contract
Samples: Securities Subscription Agreement (Big Rock Partners Acquisition Corp.)
Additional Units or Substituted Securities. In the event of the declaration of a unit share dividend, the declaration of an extraordinary dividend payable in a form other than UnitsCommon Stock, a spin-off, a unit share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Units Common Stock without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Units subject to this Section 5 7 or into which such Units thereby become convertible shall immediately be subject to this Section 5 7 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Units subject to this Section 5 7 and Section 3.
Appears in 1 contract
Samples: Securities Subscription Agreement (Terrapin 3 Acquisition Corp)