Common use of Certain PhoneTel Adjustments Clause in Contracts

Certain PhoneTel Adjustments. If, after the date hereof and on or prior to the PhoneTel Effective Time, the outstanding shares of Davel Common Stock or PhoneTel Common Stock shall (other than as contemplated by Article I hereof) be changed into a different number, class or series of shares or any other security by reason of any reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination or exchange of shares, or any dividend payable in stock or other securities shall be declared thereon with a record date within such period, or any similar event shall occur, the Exchange Ratio (and/or the security or securities to be issued to the holders of PhoneTel Common Stock) shall be appropriately adjusted to provide the effects contemplated by this Agreement prior to such reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination, exchange or dividend or similar event.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Davel Communications Inc), Agreement and Plan of Reorganization and Merger (Phonetel Technologies Inc)

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Certain PhoneTel Adjustments. If, after the date hereof and on or prior to the PhoneTel Effective Time, the outstanding shares of New Davel Common Stock or PhoneTel Common Stock shall (other than as contemplated by Article I hereof) be changed into a different number, class or series of shares or any other security by reason of any reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination or exchange of shares, or any dividend payable in stock or other securities shall be declared thereon with a record date within such period, or any similar event shall occur, the PhoneTel Exchange Ratio (and/or the security or securities to be issued to the holders of PhoneTel Common Stock) shall be appropriately adjusted to provide the effects contemplated by this Agreement prior to such reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination, exchange or dividend or similar event.. Section 1.05

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Phonetel Technologies Inc)

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Certain PhoneTel Adjustments. If, after the date ---------------------------- hereof and on or prior to the PhoneTel Effective Time, the outstanding shares of New Davel Common Stock or PhoneTel Common Stock shall (other than as contemplated by Article I hereof) be changed into a different number, class or series of shares or any other security by reason of any reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination or exchange of shares, or any dividend payable in stock or other securities shall be declared thereon with a record date within such period, or any similar event shall occur, the PhoneTel Exchange Ratio (and/or the security or securities to be issued to the holders of PhoneTel Common Stock) shall be appropriately adjusted to provide the effects contemplated by this Agreement prior to such reclassification, recapitalization, reorganization, merger, business combination, split-up, stock split, combination, exchange or dividend or similar event.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Davel Communications Group Inc)

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