Common use of Additional Units or Substituted Securities Clause in Contracts

Additional Units or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in exercise price or terms, a recapitalization or a similar transaction affecting the Company’s outstanding capital 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 Securities or any other securities into which such Securities thereby become convertible shall immediately be subject to this Agreement, the Escrow Agreement and any insider letter, letter agreement or other similar agreement.

Appears in 4 contracts

Samples: Unit Purchase Agreement (Regian Acquisition Corp.), Unit Purchase Agreement (Regian Acquisition Corp.), Unit Purchase Agreement (Regian Acquisition Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!