Common use of Adjustments to Exercise Price; Number of Rights Clause in Contracts

Adjustments to Exercise Price; Number of Rights. ‌ The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3. (a) In the event the Partnership at any time after the Separation Time and prior to the Expiration Time:‌ (i) declares or pays a dividend or other distribution on Units payable in Units (or other securities exchangeable for or convertible into or giving a right to acquire Units) other than pursuant to any optional stock dividend or distribution program, distribution reinvestment plan or a dividend or other distribution payable in Voting Units in lieu of a regular periodic cash dividend or other distribution;‌ (ii) subdivides or changes the then outstanding Units into a greater number of Units; (iii) consolidates or changes the then outstanding Units into a smaller number of Units; or (iv) otherwise issues any Units (or other securities exchangeable for or convertible into or giving a right to acquire Units) in respect of, in lieu of or in exchange for existing Units in a reclassification, amalgamation, merger, statutory arrangement, or consolidation,‌ the Exercise Price, the number of Rights outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the record or effective date as follows:

Appears in 2 contracts

Samples: Unitholder Rights Plan Agreement, Unitholder Rights Plan Agreement

AutoNDA by SimpleDocs

Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3. (a) In the event the Partnership at any time after the Separation Time and prior to the Expiration Time:‌Time: (i) declares or pays a dividend or other distribution on Units payable in Units (or capital stock or other securities exchangeable for or convertible into or giving a right to acquire UnitsUnits or other capital stock) other than pursuant to any optional stock dividend or distribution program, distribution reinvestment plan or a dividend or other distribution payable in Voting Units in lieu of a regular periodic cash dividend or other distribution;‌distribution; (ii) subdivides or changes the then outstanding Units into a greater number of Units; (iii) consolidates or changes the then outstanding Units into a smaller number of Units; or (iv) otherwise issues any Units (or other securities exchangeable for or convertible into or giving a right to acquire Units) in respect of, in lieu of or in exchange for existing Units in a reclassification, amalgamation, merger, statutory arrangement, or consolidation,‌ consolidation, the Exercise Price, the number of Rights outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the record or effective date as follows:

Appears in 2 contracts

Samples: Unitholder Rights Plan Agreement, Unitholder Rights Plan Agreement

Adjustments to Exercise Price; Number of Rights. ‌ The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3. (a) In the event the Partnership at any time after the Separation Time and prior to the Expiration Time:‌ (i) declares or pays a dividend or other distribution on Units payable in Units (or capital stock or other securities exchangeable for or convertible into or giving a right to acquire UnitsUnits or other capital stock) other than pursuant to any optional stock dividend or distribution program, distribution reinvestment plan or a dividend or other distribution payable in Voting Units in lieu of a regular periodic cash dividend or other distribution;‌ (ii) subdivides or changes the then outstanding Units into a greater number of Units; (iii) consolidates or changes the then outstanding Units into a smaller number of Units; or (iv) otherwise issues any Units (or other securities exchangeable for or convertible into or giving a right to acquire Units) in respect of, in lieu of or in exchange for existing Units in a reclassification, amalgamation, merger, statutory arrangement, or consolidation,‌ the Exercise Price, the number of Rights outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the record or effective date as follows:

Appears in 1 contract

Samples: Unitholder Rights Plan Agreement

AutoNDA by SimpleDocs

Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3. (a) In the event the Partnership Corporation at any time after the Separation Time and prior to the Expiration Time:‌Time: (i) declares or pays a dividend or other distribution on Units Shares payable in Units Shares (or capital stock or other securities exchangeable for or convertible into or giving a right to acquire Shares or other capital stock) other than pursuant to any optional stock dividend program, dividend reinvestment plan or a dividend or other distribution payable in Voting Shares in lieu of a regular periodic cash dividend or other distribution; (ii) subdivides or changes the then outstanding Shares into a greater number of Shares; (iii) consolidates or changes the then outstanding Shares into a smaller number of Shares; or (iv) otherwise issues any Shares (or other securities exchangeable for or convertible into or giving a right to acquire Units) other than pursuant to any optional stock dividend or distribution program, distribution reinvestment plan or a dividend or other distribution payable in Voting Units in lieu of a regular periodic cash dividend or other distribution;‌ (ii) subdivides or changes the then outstanding Units into a greater number of Units; (iii) consolidates or changes the then outstanding Units into a smaller number of Units; or (iv) otherwise issues any Units (or other securities exchangeable for or convertible into or giving a right to acquire UnitsShares) in respect of, in lieu of or in exchange for existing Units Shares in a reclassification, amalgamation, merger, statutory arrangement, or consolidation,‌ consolidation, the Exercise Price, the number of Rights outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the record or effective date as follows:

Appears in 1 contract

Samples: Shareholder Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!