Common use of Equivalent Adjustments Clause in Contracts

Equivalent Adjustments. If as a result of an adjustment made pursuant to Section 11(a)(ii) (ADJUSTMENT OF PURCHASE PRICE; NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS -- CERTAIN ADJUSTMENTS) or Section 13(a) (CONSOLIDATION MERGER OR SALE OR TRANSFER OF ASSETS OR EARNING POWER -- FLIP- OVER EVENT) the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock other than Preferred Stock, thereafter the number of such other shares so receivable upon exercise of any Right and the Purchase Price thereof shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in Sections 11(a), (b), (c), (e), (g), (h), (i), (j), (k) and (m), and the provisions of Sections 7, 9, 10, 13 and 14 with respect to the Preferred Stock shall apply on like terms to any such other shares.

Appears in 2 contracts

Samples: Rights Agreement (Input Output Inc), Rights Agreement (Input Output Inc)

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Equivalent Adjustments. If as a result of an adjustment made ---------------------- pursuant to Section 11(a)(ii) (ADJUSTMENT OF PURCHASE PRICEAdjustment of Purchase Price; NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS Number and Kind of ------------------------------------------------ Shares or Number of Rights -- CERTAIN ADJUSTMENTSCertain Adjustments) or Section 13(a) -------------------------- ------------------- (CONSOLIDATION MERGER OR SALE OR TRANSFER OF ASSETS OR EARNING POWER Consolidation Merger or Sale or Transfer of Assets or Earning Power -- FLIP- OVER EVENTFlip- -------------------------------------------------------------------- ---- over Event) the holder of any Right thereafter exercised shall become entitled ---------- to receive any shares of capital stock other than Preferred Stock, thereafter the number of such other shares so receivable upon exercise of any Right and the Purchase Price thereof shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in Sections 11(a), (b), (c), (e), (g), (h), (i), (j), (k) and (m), and the provisions of Sections 7, 9, 10, 13 and 14 with respect to the Preferred Stock shall apply on like terms to any such other shares.

Appears in 2 contracts

Samples: Rights Agreement (Cellstar Corp), Rights Agreement (Cellstar Corp)

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