Common use of Adjustment of Exchange Ratio Clause in Contracts

Adjustment of Exchange Ratio. In the event that, subsequent to the date of this Agreement, but prior to the Effective Time, the Shares shall have been changed into a different number or a different class of shares as a result of a stock split, reverse stock split, stock dividend, subdivision, reclassification split, combination exchange, recapitalization or other similar transaction, the Exchange Ratio shall be appropriately adjusted and the term "Shares" shall be deemed to refer and include the Shares and any shares into which or for which any or all of the Shares may be changed.

Appears in 3 contracts

Samples: Stockholders Agreement (Mdi Entertainment Inc), Stockholders Agreement (Mdi Entertainment Inc), Shareholders Agreement (Celerity Systems Inc)

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Adjustment of Exchange Ratio. In the event that, subsequent to the date of this Agreement, Agreement but prior to the Effective Time, the Shares outstanding shares of Source Common Stock shall have been changed into a different number of shares or a different class of shares as a result of the Reincorporation (as defined below), a stock split, reverse stock split, stock dividend, subdivision, reclassification reclassification, split, combination combination, exchange, recapitalization or other similar transaction, the Exchange Ratio shall be appropriately adjusted and the term "Shares" shall be deemed to refer and include the Shares and any shares into which or for which any or all of the Shares may be changedproportionately adjusted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Source Interlink Companies Inc)

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