Common use of Business Combinations; Reclassifications of Common Stock Clause in Contracts

Business Combinations; Reclassifications of Common Stock. In case of any Business Combination or any reclassification of Common Stock (other than a reclassification of Common Stock referred to in Section 2.20(f)(i)), the right of a Term Lender to receive shares of Common Stock upon conversion of a portion of the Term Loan shall be converted into the right to receive the number and amount of shares of stock or other securities or property (including cash) upon conversion of a portion of the Term Loan that the Common Stock issuable upon conversion of such portion of the Term Loan immediately prior to such Business Combination or reclassification would have been entitled to receive upon closing of such Business Combination or reclassification.

Appears in 2 contracts

Samples: Joinder Agreement (Sears Holdings Corp), Joinder Agreement (Sears Holdings Corp)

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Business Combinations; Reclassifications of Common Stock. In case of any Business Combination or any reclassification of Common Stock (other than a reclassification of Common Stock referred to in Section 2.20(f)(i5.05(a)), the right of a Term Lender Holder of a Note to receive shares of Common Stock upon conversion of a portion of the Term Loan Note shall be converted into the right to receive the number and amount of shares of stock or other securities or property (including cash) upon conversion of a portion of the Term Loan Note that the Common Stock issuable upon conversion of such portion of the Term Loan Note immediately prior to such Business Combination or reclassification would have been entitled to receive upon closing of such Business Combination or reclassification.

Appears in 1 contract

Samples: Indenture (Sears Holdings Corp)

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Business Combinations; Reclassifications of Common Stock. In case of any Business Combination or any reclassification of Common Stock (other than a reclassification of Common Stock referred to in Section 2.20(f)(i12.05(a)), the right of a Term Lender Holder of a Note to receive shares of Common Stock upon conversion of a portion of the Term Loan Note shall be converted into the right to receive the number and amount of shares of stock or other securities or property (including cash) upon conversion of a portion of the Term Loan Note that the Common Stock issuable upon conversion of such portion of the Term Loan Note immediately prior to such Business Combination or reclassification would have been entitled to receive upon closing of such Business Combination or reclassification.

Appears in 1 contract

Samples: Sears Holdings Corp

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