Common use of Adjustment of Exchange Price Clause in Contracts

Adjustment of Exchange Price. (i) The Exchange Price is subject to adjustment upon certain events, including subdivisions, combinations and reclassification of the Series A Preferred Stock. (ii) In case the General Partner shall be a party to any transaction (including, without limitation, a merger, consolidation, statutory share exchange, tender offer for all or substantially all of the General Partner's capital stock or sale of all or substantially all of the General Partner's assets), in each case as a result of which the Series A Preferred Stock will be converted into the right to receive shares of capital stock, other securities or other property (including cash or any combination thereof), each Series A Preferred Unit will thereafter be exchangeable into the kind of and amount of shares of capital stock and other securities and property receivable (including cash or any combination thereof) upon the consummation of such transaction by a holder of that number of shares of Series A Preferred Stock or fraction thereof into which one Series A Preferred Unit was exchangeable immediately prior to such transaction. The General Partner may not become a party to any such transaction unless the terms thereof are consistent with the foregoing.

Appears in 1 contract

Samples: Limited Partnership Agreement (Price Development Co Lp)

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Adjustment of Exchange Price. (i) The Exchange Price is subject to adjustment upon certain events, including subdivisions, combinations and reclassification of the Series A C Preferred Stock. (ii) In case the General Partner shall be a party to any transaction (including, without limitation, a merger, consolidation, statutory share exchange, tender offer for all or substantially all of the General Partner's capital stock or sale of all or substantially all of the General Partner's assets), in each case as a result of which the Series A C Preferred Stock will be converted into the right to receive shares of capital stock, other securities or other property (including cash or any combination thereof), each Series A C Preferred Unit will thereafter be exchangeable into the kind of and amount of shares of capital stock and other securities and property receivable (including cash or any combination thereof) upon the consummation of such transaction by a holder of that number of shares of Series A C Preferred Stock or fraction thereof into which one Series A C Preferred Unit was exchangeable immediately prior to such transaction. The General Partner may not become a party to any such transaction unless the terms thereof are consistent with the foregoing.

Appears in 1 contract

Samples: Limited Partnership Agreement (Jp Realty Inc)

Adjustment of Exchange Price. (i) The Exchange Price is subject to adjustment upon certain eventssubdivisions, including subdivisionsstock splits, stock dividends, combinations and reclassification of the Series A F Preferred Stock. (ii) In case the General Partner Company shall be a party to any transaction (including, without limitation, a merger, consolidation, statutory share exchange, tender offer for all or substantially all of the General Partner's Company’s capital stock or sale of all or substantially all of the General Partner's Company’s assets), in each case as a result of which the Series A F Preferred Stock will be converted into the right to receive shares of capital stock, other securities or other property (including cash or any combination thereof), each Series A F Preferred Unit will thereafter be exchangeable into the kind of and amount of shares of capital stock and other securities and property receivable (including cash or any combination thereof) upon the consummation of such transaction by a holder of that number of shares of Series A F Preferred Stock or fraction thereof into which one Series A Preferred F Preference Unit was exchangeable immediately prior to such transaction. The General Partner Company may not become a party to any such transaction unless the terms thereof are consistent with the foregoing.

Appears in 1 contract

Samples: 7.95% Series F Cumulative Redeemable Perpetual Preference Units Term Sheet (Equity Lifestyle Properties Inc)

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Adjustment of Exchange Price. (i) The Exchange Price is subject to adjustment upon certain eventssubdivisions, including subdivisionsstock splits, stock dividends, combinations and reclassification of the Series A D Preferred Stock. (ii) In case the General Partner Company shall be a party to any transaction (including, without limitation, a merger, consolidation, statutory share exchange, tender offer for all or substantially all of the General Partner's Company’s capital stock or sale of all or substantially all of the General Partner's Company’s assets), in each case as a result of which the Series A D Preferred Stock will be converted into the right to receive shares of capital stock, other securities or other property (including cash or any combination thereof), each Series A D Preferred Unit will thereafter be exchangeable into the kind of and amount of shares of capital stock and other securities and property receivable (including cash or any combination thereof) upon the consummation of such transaction by a holder of that number of shares of Series A D Preferred Stock or fraction thereof into which one Series A Preferred D Preference Unit was exchangeable immediately prior to such transaction. The General Partner Company may not become a party to any such transaction unless the terms thereof are consistent with the foregoing.

Appears in 1 contract

Samples: 8.0625% Series D Cumulative Redeemable Perpetual Preference Units Term Sheet and Joinder to Second Amended and Restated Agreement of Limited Partnership (Equity Lifestyle Properties Inc)

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