Common use of Effect of Certain Changes Clause in Contracts

Effect of Certain Changes. 4.5.1 If there is any change in the shares of NHLT Common Stock through the declaration of dividends on Common Stock paid in equity securities of NHLT, recapitalization, stock splits, reverse splits, or combinations or exchanges of such shares, or other similar transactions, the obligations of the Purchaser to make payments under Paragraph 4.1 of this Agreement shall apply to the proceeds of all sales of securities or property issuable or distributable in respect of, or exchangeable for, the Shares. 4.5.2 In the event of the dissolution or liquidation of NHLT, or in the event of a merger or consolidation of NHLT with another company, or other similar transactions, each of the Shares covered by this Agreement shall be replaced for the purposes herein by (and the obligation to make payments under Paragraph 4.1 of this Agreement shall be deemed to pertain to) the proceeds of sales of all securities or property issuable or distributable in respect of, or exchangeable for, the Shares upon such dissolution, liquidation, merger or consolidation. 4.5.3 Except as contemplated by this Paragraph 4.5, the Seller shall have no rights by reason of any subdivision or consolidation of shares of stock of any class or the payment of any dividend or any other increase or decrease in the number of shares of stock of any class or by reason of any dissolution, liquidation, merger, or consolidation.

Effect of Certain Changes. 4.5.1 If there is any change in the shares of NHLT Common Stock through the declaration of dividends on Common Stock paid in equity securities of NHLT, recapitalization, stock splits, reverse splits, or combinations or exchanges of such shares, or other similar transactions, the obligations of the Purchaser to make payments under Paragraph 4.1 of this Agreement shall apply to the proceeds of all sales of securities or property issuable or distributable in respect of, or exchangeable for, the Shares. 4.5.2 In the event of the dissolution or liquidation of NHLT, or in the event of a merger or consolidation of NHLT with another company, or other similar transactions, each of the Shares covered by this Agreement shall be replaced for the purposes herein by (and the obligation to make payments under Paragraph 4.1 of this Agreement shall be deemed to pertain to) the proceeds of sales of all securities or property issuable or distributable in respect of, or exchangeable for, the Shares upon such dissolution, liquidation, merger or consolidation. 4.5.3 Except as contemplated by this Paragraph 4.5, the Seller shall have no rights by reason of any subdivision or consolidation of shares of stock of any class or the payment of any dividend or any other increase or decrease in the number of shares of stock of any class or by reason of any dissolution, liquidation, merger, or consolidation.. SECTION 5