Common use of Adjustment to Warrant Shares Clause in Contracts

Adjustment to Warrant Shares. (a) If there is any change in the number of outstanding shares of Common Stock through the declaration of stock dividends, stock splits or similar transactions, the number of Warrant Shares issuable upon exercise of the Warrant shall be automatically adjusted to reflect such stock dividends, stock splits or similar transactions. (b) In case of any reclassification of the Common Stock or any consolidation of Holdings with, or merger of Holdings into, any other Person, any merger of another Person into Holdings (other than a merger that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of Common Stock), any sale or transfer of all or substantially all of the assets of Holdings or any compulsory share exchange pursuant to which share exchange the Common Stock is converted into other securities, cash or other property, then lawful provision shall be made as part of the terms of such transaction whereby the Holder of the Warrant shall have the right thereafter, during the period the Warrant shall be exercisable, to exercise the Warrant for (but only for) the kind and amount of securities, cash and other property receivable upon the reclassification, consolidation, merger, sale, transfer or share exchange by a holder of the number of shares of Common Stock into which the Warrant would have been exercisable immediately prior to the reclassification, consolidation, merger, sale, transfer or share exchange. Holdings or the Person formed by the consolidation or resulting from the merger or which acquires such assets or which acquires Holdings' shares, as the case may be, shall make provision in its certificate or articles of incorporation or other constituent documents to establish such rights. The certificate or articles of incorporation or other constituent documents shall provide for adjustments, which, for events subsequent to the effective date of the certificate or articles of incorporation or other constituent document, shall be as nearly equivalent as may be practicable. to the adjustments provided for in this Section 4(b). The provisions of this Section 4(b) shall similarly apply to successive reclassifications, consolidations, mergers, sales, transfers or share exchanges.

Adjustment to Warrant Shares. (a) If there is any change in the number of outstanding shares of Class B Common Stock through the declaration of stock dividends, stock splits or similar transactions, the number of Warrant Shares issuable upon exercise of the Warrant shall be automatically adjusted to reflect such stock dividends, stock splits or similar transactions. (b) In case of any reclassification of the Class B Common Stock or any consolidation of Holdings LIN with, or merger of Holdings LIN into, any other Person, any merger of another Person into Holdings LIN (other than a merger that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of Class B Common Stock), any sale or transfer of all or substantially all of the assets of Holdings dissolution, liquidation or any compulsory share exchange pursuant to which share exchange the Class B Common Stock is converted into into, or has the right to receive, other securities, cash or other property, then lawful provision shall be made as part of the terms of such transaction whereby the Holder of the Warrant shall have the right thereafter, during the period the Warrant shall be exercisable, to exercise the Warrant for (but only for) the kind and amount of securities, cash and other property receivable upon the reclassification, consolidation, merger, saledissolution, transfer liquidation or share exchange by a holder of the number of shares of Class B Common Stock into which the Warrant would have been exercisable immediately prior to the reclassification, consolidation, merger, saledissolution, transfer liquidation or share exchange. Holdings If applicable, LIN or the Person formed by the consolidation or resulting from the merger or which acquires such assets or which acquires Holdings' sharesmerger, as the case may be, shall make provision in its certificate or articles of incorporation or other constituent documents to establish such rights. The certificate or articles of incorporation or other constituent documents shall provide for adjustments, which, for events subsequent to the effective date of the certificate or articles of incorporation or other constituent document, shall be as nearly equivalent as may be practicable. , to the adjustments provided for in this Section 4(b). The provisions of this Section 4(b) shall similarly apply to successive reclassifications, consolidations, mergers, sales, transfers or share exchanges.