Increase or Decrease in Number of Shares Clause Samples
The "Increase or Decrease in Number of Shares" clause defines how the number of shares held or issued by a party may be adjusted in response to certain events, such as stock splits, reverse splits, or other corporate actions. Typically, this clause outlines the procedures for recalculating share quantities to ensure that the relative ownership interests of shareholders remain consistent despite changes in the total number of shares outstanding. Its core practical function is to maintain fairness and proportionality among shareholders, preventing dilution or unintended enrichment due to changes in the company's capital structure.
Increase or Decrease in Number of Shares. In the event of an increase in the number of Shares by virtue of a stock split or the decrease in the number of Shares because of a contraction of Shares or a change in the number of outstanding Shares as a result of some other recapitalization in which the Corporation receives no consideration for the issuance of the additional or reduced number of Shares, the new additional or changed number of Shares shall be held by the Trustee and new Trust Certificates representing the appropriate changed number of Shares shall be issued to Holders upon surrender of the then existing Trust Certificates.
Increase or Decrease in Number of Shares. In the event of an increase in the number of outstanding Shares by virtue of a stock split or the decrease in the number of outstanding Shares because of a contraction of shares or a change in the number of outstanding Shares as a result of some other recapitalization in which the Corporation receives no consideration for the issuance of the additional or reduced number of Shares, the new additional or changed number of Shares shall be held by the Trustee under this Agreement, the Trust Certificates outstanding immediately prior to such increase, decrease, or change in the number of outstanding Shares shall thereupon represent the beneficial interest in the number of Shares to which the Holders are entitled as a result of such increase, decrease, or change, and new Trust Certificates representing the beneficial interest in the appropriate changed number of Shares shall be issued to Holders upon surrender of the then existing Trust Certificates.
Increase or Decrease in Number of Shares. 8.1 Notwithstanding anything contained herein to the contrary and as an adjustment to the First Closing Purchase Price or Second Closing Purchase Price described in the Purchase Agreement, the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be increased or decreased as follows; provided that no such increase or decrease shall be effected following the consummation of a Reorganization or a Series B Qualified Public Offering (as defined in the Articles of Incorporation):
(a) Notwithstanding anything else contained in this Section, if the financial plan objectives for the three-month period ended March 31, 2001 described in Exhibit A attached hereto have not been achieved by the --------- Company, the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be increased by 9,520; and
(b) Notwithstanding anything else contained in this Section, if the financial plan objectives for the three-month period ended March 31, 2001 described in Exhibit B attached hereto have been achieved by the --------- Company, the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be decreased by 9,520; and
(c) Notwithstanding anything else contained in this Section, if the financial plan objectives for the six-month period ended June 30, 2001 described in Exhibit C attached hereto have not been achieved by the --------- Company, the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be increased by an additional 9,520; and
(d) Notwithstanding anything else contained in this Section, if the financial plan objectives for the six-month period ended June 30, 2001 described in Exhibit D attached hereto have been achieved by the Company, --------- the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be decreased by an additional 9,520; and
(e) Notwithstanding anything else contained in this Section, if the financial plan objectives for the nine-month period ended September 30, 2001 described in Exhibit E attached hereto have not been achieved by the --------- Company, the number of Shares that may be purchased upon exercise or exchange of this Warrant shall be increased by an additional 9,520; and
(f) Notwithstanding anything else contained in this Section, if the financial plan objectives for the nine-month period ended September 30, 2001 described in Exhibit F attached hereto have been achieved by the ------...
Increase or Decrease in Number of Shares. The number of shares of Holding Company Conversion Stock may be increased or decreased by the MHC. In the event that the aggregate purchase price of the shares of Holding Company Conversion Stock ordered is below the minimum of the Estimated Valuation Range, or materially above the Range Maximum, resolicitation of purchasers may be required, provided, however, that up to a 15% increase above the Range Maximum will not be deemed to be material so as to require a resolicitation. Any such resolicitation shall be effected in such manner and within such time as the MHC shall establish, with the approval of the FDIC and the Commissioner, if required.