Common use of CHANGE IN NUMBER OF SPIN-OFF SHARES Clause in Contracts

CHANGE IN NUMBER OF SPIN-OFF SHARES. If for any reason Wellsford shall determine to distribute in the Spin-Off less than one common share of Newco for each outstanding Wellsford Common Share, the parties will amend this Agreement and all other agreements contemplated hereby solely for the purpose of appropriately adjusting all numbers and dollar amounts which were based on one common share of Newco being distributed in the Spin-Off for each outstanding Wellsford Common Share.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Equity Residential Properties Trust), Tax Sharing Agreement (Equity Residential Properties Trust), Agreement and Plan of Merger (Wellsford Residential Property Trust)

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