Common use of Certain Reclassifications and Other Events Clause in Contracts

Certain Reclassifications and Other Events. (A) In the event that holders of shares of Common Stock of the Corporation receive after the date shares of Common Stock are first publicly held, in respect of their shares of Common Stock any share of capital stock of the Corporation (other than any share of Common Stock of the Corporation), whether by way of reclassification, recapitalization, reorganization, dividend or other distribution or otherwise (a "TRANSACTION"), then, and in each such event, the dividend rights, voting rights and rights upon the liquidation, dissolution or winding up of the Corporation of the shares of Series A Preferred Stock shall be adjusted so that after such event the holders of Series A Preferred Stock shall be entitled, in respect of each share of Series A Preferred Stock held, in addition to such rights in respect thereof to which such holder was entitled immediately prior to such adjustment, to (i) such additional dividends as equal the Dividend Multiple in effect immediately prior to such Transaction multiplied by the additional dividends which the holder of a share of Common Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock, (ii) such additional voting rights as equal the Vote Multiple in effect immediately prior to such Transaction multiplied by the additional voting rights which the holder of a share of Common

Appears in 2 contracts

Samples: Rights Agreement (Delphi Automotive Systems Corp), Rights Agreement (Delphi Automotive Systems Corp)

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Certain Reclassifications and Other Events. (Aa) In the event that holders of shares of Common Stock of the Corporation receive after the date shares of Common Stock are first publicly held, Effective Date in respect of their shares of Common Stock any share of capital stock of US_ACTIVE:\44377314\4\11727.0008 the Corporation (other than any share of Common Stock of the CorporationStock), whether by way of reclassification, recapitalization, reorganization, dividend or other distribution or otherwise (a "TRANSACTION"“Transaction”), then, and in each such event, the dividend rights, voting rights and rights upon the liquidation, dissolution or winding up of the Corporation of the shares of Series A Preferred Stock shall be adjusted so that after such event the holders of Series A Preferred Stock shall be entitled, in respect of each share of Series A Preferred Stock held, in addition to such rights in respect thereof to which such holder was entitled immediately prior to such adjustment, to (i) such additional dividends as equal to the Dividend Multiple in effect immediately prior to such Transaction multiplied by the additional dividends which the holder of a share of Common Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock, (ii) such additional voting rights as equal to the Vote Multiple in effect immediately prior to such Transaction multiplied by the additional voting rights which the holder of a share of CommonCommon Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock and (iii) such additional distributions upon liquidation, dissolution or winding up of the Corporation as equal to the Liquidation Multiple in effect immediately prior to such Transaction multiplied by the additional amount which the holder of a share of Common Stock shall be entitled to receive upon liquidation, dissolution or winding up of the Corporation by virtue of the receipt in the Transaction of such capital stock, as the case may be, all as provided by the terms of such capital stock.

Appears in 1 contract

Samples: Rights Agreement (Aeropostale Inc)

Certain Reclassifications and Other Events. (Aa) In the event that holders of shares of Common Stock of the Corporation Company receive after the date shares of Common Stock are first publicly heldJanuary 9, 1996 in respect of their shares of Common Stock any share of capital stock of the Corporation Company (other than any share of Common Stock of the CorporationCompany), whether by way of reclassification, recapitalization, reorganization, dividend or other distribution or otherwise (a "TRANSACTIONTransaction"), then, and in each such event, the dividend rights, voting rights and rights upon the liquidation, dissolution or winding up of the Corporation Company of the shares of Series A Preferred Stock shall be adjusted so that after such event the holders of Series A Preferred Stock shall be entitled, in respect of each share of Series A Preferred Stock held, in addition to such rights in respect thereof to which such holder was entitled immediately prior to such adjustment, to (i) such additional dividends as equal the Dividend Multiple in effect immediately prior to such Transaction multiplied by the additional dividends which the holder of a share of Common Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock, (ii) such additional voting rights as equal the Vote Multiple in effect immediately prior to such Transaction multiplied by the additional voting rights to which the holder of a share of CommonCommon Stock shall be entitled by virtue of the receipt in the Transaction of such capital stock and (iii) such additional distributions upon liquidation, dissolution or winding up of the Company as equal the Liquidation Multiple in effect immediately

Appears in 1 contract

Samples: Rights Agreement (Westinghouse Electric Corp)

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Certain Reclassifications and Other Events. (A) In the event that holders of shares of Common Stock of the Corporation Company receive after the date shares of Common Stock are first publicly heldDecember 7, 1998, in respect of their shares of Common Stock Stock, any share of capital stock of the Corporation Company (other than any share of Common Stock of the CorporationCompany), whether by way of reclassification, recapitalization, reorganization, dividend or other distribution or otherwise (a "TRANSACTIONTransaction"), then, and in each such event, the dividend rights, voting rights and rights upon the liquidation, dissolution or winding up of the Corporation Company of the shares of Series Class A Preferred Stock shall be adjusted so that after such event the holders of Series Class A Preferred Stock shall be entitled, in respect of each share of Series Class A Preferred Stock held, in addition to such rights in respect thereof to which such holder was entitled immediately prior to such adjustment, to (i) such additional dividends as equal the Dividend Multiple in effect immediately prior to such Transaction multiplied by the additional dividends which the holder of a share of Common Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock, (ii) such additional voting rights as equal the Vote Multiple in effect immediately prior to such Transaction multiplied by the additional voting rights which the holder of a share of CommonCommon Stock shall be entitled to receive by virtue of the receipt in the Transaction of such capital stock, and (iii) such additional distributions upon liquidation, dissolution or winding up of the Company as equal the Liquidation Multiple in effect immediately prior to such Transaction multiplied by the additional amount which the holder of a share of Common Stock shall be entitled to receive upon liquidation, dissolution or winding up of the Company by virtue of the receipt in the Transaction of such capital stock, as the case may be, all as provided by the terms of such capital stock.

Appears in 1 contract

Samples: Rights Agreement (Cutter & Buck Inc)

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