Common use of Increase or Decrease in Number of Shares Clause in Contracts

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.

Appears in 3 contracts

Samples: Voting Trust Agreement (Credit Suisse/), Voting Trust Agreement (Hain J Travis), Voting Trust Agreement (Rhythms Net Connections Inc)

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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 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 Sharesshares, 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, 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, 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.

Appears in 3 contracts

Samples: Voting Trust Agreement (Wells Fargo & Co/Mn), Voting Trust Agreement (Wells Fargo & Co/Mn), Voting Trust Agreement (Wells Fargo & Co/Mn)

Increase or Decrease in Number of Shares. In the event of an increase in If the number of outstanding Shares is increased 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 evidencing the beneficial interest in the appropriate changed number of Shares on deposit shall be issued to Holders upon surrender of the then existing Trust Certificates.

Appears in 1 contract

Samples: Voting Trust Agreement (Christina Bank & Trust Co)

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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. Section 15 .

Appears in 1 contract

Samples: Voting Trust Agreement (Hain J Travis)

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