Adjustments for Recapitalizations, Etc. In the event of any alteration or re-organization whatsoever taking place in the capital structure of the Company whether by way of capitalization of profits or reserves, capital distribution, rights issue, consolidation or sub-division of Shares, the conversion of one class of share to another or reduction of capital or otherwise, the number of Shares subject to this Award shall be proportionately adjusted by the Board on an equitable basis.
Adjustments for Recapitalizations, Etc. In case the Company shall (i) subdivide the issued and outstanding Common Shares, (ii) combine the issued and outstanding Common Shares into a smaller number of shares, or (iii) issue by reclassification of its Common Shares, any shares of the Company, then, in any such case, the Exercise Price in effect immediately prior to such action shall be adjusted to a price such that if the Holder were to exercise this Warrant Certificate in full immediately after such action, the Holder would be entitled to receive the number of shares of the Company which the Holder would have owned immediately following such action had this Warrant Certificate been exercised immediately prior thereto (with any record date requirement being deemed to have been satisfied), and, in any such case, the Exercise Price shall thereafter be subject to further adjustments under this Section 4. An adjustment made pursuant to this sub-section (a) shall become effective retroactively immediately after the effective date of such adjustment.
Adjustments for Recapitalizations, Etc. In the event of any alteration or re-organization whatsoever taking place in the capital structure of XL whether by way of capitalization of profits or reserves, capital distribution, rights issue, consolidation or sub-division of shares, the conversion of one class of shares to another or reduction of capital or otherwise, the number of Ordinary Shares subject to this Award shall be proportionately adjusted by the Board of Directors of XL on an equitable basis.
Adjustments for Recapitalizations, Etc. In the event of any change in the number or nature of Shares outstanding prior to the lapse of restrictions with respect to the Award, by reason of stock dividends, split-ups, recapitalizations, combinations, exchanges of shares or the like, the number of Shares subject to the Award shall be adjusted accordingly by the Board of Directors of XL so as to avoid dilution or other material adverse effect to the Grantee's rights hereunder.
Adjustments for Recapitalizations, Etc. In the event of stock dividends, stock splits, recapitalizations, mergers, consolidations, combinations, exchanges of shares, spin-off, liquidations, reclassifications or other similar changes in the capitalization of XL, the number of Shares subject to this Award shall be proportionately adjusted by the Board on an equitable basis.
Adjustments for Recapitalizations, Etc. If prior to the payment of the last Milestone Payment hereunder the outstanding shares of CVD Common Stock shall have been changed into a different number of shares or different class, by reason of a stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares, the Merger Consideration remaining to be paid shall be adjusted correspondingly to reflect such stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares.
Adjustments for Recapitalizations, Etc. In the event of any recapitalization of the Partnership or any change in the number of Common Interests equivalent to a stock split or reverse stock split, or any dividend in kind that is the equivalent of a stock split or a reverse stock split, the Management Profits Interests will be proportionately adjusted by the General Partner in good faith so as to not result in dilution or enhancement of equity.
Adjustments for Recapitalizations, Etc. If at any time or -------------------------------------- from time to time there shall be a recapitalization of the Common Stock (other than a subdivision or combination provided for elsewhere in this paragraph D) or payment of a dividend or distribution (other than a cash dividend, or dividends and distributions as to which paragraphs (4)(a) or (4)(b) of this paragraph D apply), provision shall be made so that the holders of Series A Preferred Stock shall thereafter be entitled to receive upon conversion of such Series A Preferred Stock the number of shares of stock or other securities or property of the corporation or otherwise, to which it would have received had it converted its shares of Series A Preferred Stock into Common Stock immediately prior to such recapitalization, dividend or distribution. In any such case, appropriate adjustment shall be made in the application of the provisions of this paragraph D with respect to the rights of the holders of Series A Preferred Stock after the recapitalization to the end that the provisions of this paragraph D (including adjustment of the Conversion Price then in effect and the number of shares purchasable upon conversion of shares of Series A Preferred Stock) shall be applicable after that event as nearly equivalent as may be practicable.
