Common use of Adjustment of Merger Consideration Clause in Contracts

Adjustment of Merger Consideration. If, between the date of this Agreement and the Effective Time, the issued and outstanding Shares shall have been changed into a different number of shares or a different class by reason of any stock split, reverse stock split, stock dividend, reclassification, redenomination, recapitalization, split-up, combination, exchange of shares or other similar transaction, the Merger Consideration shall be appropriately adjusted to provide to the holders of Shares the same economic effect as contemplated by this Agreement prior to such action and as so adjusted shall, from and after the date of such event, be the Merger Consideration, subject to further adjustment in accordance with this sentence.

Appears in 2 contracts

Samples: Merger Agreement (James River Group, Inc), Merger Agreement (North Pointe Holdings Corp)

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Adjustment of Merger Consideration. If, between subsequent to the date of this Agreement and but prior to the Effective Time, the issued and outstanding Shares shares of Company Stock shall have been changed into a different number of shares or a different class by reason as a result of any a stock split, reverse stock split, stock dividend, subdivision, reclassification, redenomination, recapitalization, split-up, combination, exchange of shares exchange, recapitalization or other similar transaction, the Merger Consideration shall be appropriately adjusted so that the aggregate amount payable pursuant to provide to the holders of Shares the same economic effect as contemplated by this Agreement prior to such action and shall not have increased or decreased as so adjusted shall, from and after the date a result of such event, be the Merger Consideration, subject to further adjustment in accordance with this sentenceadjustment.

Appears in 2 contracts

Samples: Merger Agreement (FMFG Ownership, Inc.), Merger Agreement (First Montauk Financial Corp)

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