Common use of Antidilution Provision Clause in Contracts

Antidilution Provision. In the event that FFC shall at any time ---------------------- before the Effective Date: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two decimal places), so that each KHG stockholder shall receive on the Effective Date, in exchange for his shares of KHG Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date had occurred before the record date of such event (For example, if FFC were to declare a ten percent (10%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective Date, the Conversion Ratio would be adjusted from 1.83 shares to 2.01 shares).

Appears in 1 contract

Samples: Exhibit 2 Merger Agreement (Fulton Financial Corp)

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Antidilution Provision. In the event that FFC shall at any ---------------------- time ---------------------- before the Effective Date: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two three decimal places), so that each KHG WNB stockholder shall receive on the Effective Date, in exchange for his shares of KHG WNB Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date had occurred before the record date of such event (For for example, if FFC were to declare a ten percent (10%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective Date, the Conversion Ratio would be adjusted from 1.83 1.60 shares to 2.01 1.76 shares).

Appears in 1 contract

Samples: Merger Agreement (Fulton Financial Corp)

Antidilution Provision. In the event that FFC shall at any time ---------------------- before the Effective DateTime: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two four decimal places), so that each KHG stockholder DBC shareholder shall receive on at the Effective DateTime, in exchange for his shares of KHG DBC Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date Time had occurred before the record date of such event (For example, if FFC were to declare a ten five percent (105%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective DateTime, the Conversion Ratio would be adjusted from 1.83 1.24 shares to 2.01 1.302 shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Drovers Bancshares Corp)

Antidilution Provision. In the event that FFC shall at any ---------------------- time ---------------------- before the Effective DateTime: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two four decimal places), so that each KHG stockholder DBC shareholder shall receive on at the Effective DateTime, in exchange for his shares of KHG DBC Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date Time had occurred before the record date of such event (For example, if FFC were to declare a ten five percent (105%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective DateTime, the Conversion Ratio would be adjusted from 1.83 1.24 shares to 2.01 1.302 shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fulton Financial Corp)

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Antidilution Provision. In the event that FFC shall at any time ---------------------- before the Effective DateTime: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two four decimal places), so that each KHG stockholder SFC shareholder shall receive on at the Effective DateTime, in exchange for his shares of KHG SFC Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date Time had occurred before the record date of such event (For example, if FFC were to declare a ten five percent (105%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective DateTime, the Conversion Ratio would be adjusted from 1.83 .78 shares to 2.01 .8190 shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Skylands Financial Corp)

Antidilution Provision. In the event that FFC shall at any ---------------------- time ---------------------- before the Effective DateTime: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to two four decimal places), so that each KHG stockholder SFC shareholder shall receive on at the Effective DateTime, in exchange for his shares of KHG SFC Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Date Time had occurred before the record date of such event (For example, if FFC were to declare a ten five percent (105%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective DateTime, the Conversion Ratio would be adjusted from 1.83 .78 shares to 2.01 .8190 shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fulton Financial Corp)

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