Common use of Purchases of Additional Securities Clause in Contracts

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an “Additional BlackRock Stock Purchase”) (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap as Xxxxxxx Xxxxx’x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 2 contracts

Samples: Stockholder Agreement, Stockholder Agreement (BlackRock Inc.)

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Purchases of Additional Securities. At any time that BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an “Additional BlackRock Stock Purchase”) (i) additional shares of Series A Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap as Xxxxxxx Xxxxx’x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (Merrill Lynch & Co Inc)

Purchases of Additional Securities. At From and after the Closing, at any time that New BlackRock effects an issuance (a "Stock Issuance") of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from New BlackRock (in each instance, an "Additional New BlackRock Stock Purchase") (i) additional shares of Series A Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of New BlackRock Capital Stock by New BlackRock since the Closing and any Transfers of BlackRock New Boise Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of New BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx Miami and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap as Xxxxxxx Xxxxx’x Xxxxx'x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional New BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities Voting Securities shall be the Fair Market Value per unit of the class or series of securitiesVoting Securities. New BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.;

Appears in 1 contract

Samples: Stockholder Agreement (Blackrock Inc /Ny)

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx than any Barclays Party or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx each Barclays Party shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an “Additional BlackRock Stock Purchase”) (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap and the Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates in accordance with Section 3.2(b)(i) or (iiother than Transfers to Affiliates), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates to 90% or less of Xxxxxxx Xxxxx’x the Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x the Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x the Voting Ownership Cap as Xxxxxxx Xxxxx’x the Barclays Parties and its their Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx any Barclays Party exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx such Barclays Party shall pay or cause to be paid an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx a Barclays Party shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx each Barclays Party written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (Barclays Bank PLC /Eng/)

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a "Stock Issuance") of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx than any Barclays Party or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx each Barclays Party shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an "Additional BlackRock Stock Purchase") (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap and the Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates in accordance with Section 3.2(b)(i) or (iiother than Transfers to Affiliates), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates to 90% or less of Xxxxxxx Xxxxx’x the Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx the Barclays Parties and its their Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x the Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x the Voting Ownership Cap as Xxxxxxx Xxxxx’x the Barclays Parties and its their Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx any Barclays Party exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx such Barclays Party shall pay or cause to be paid an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx a Barclays Party shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx each Barclays Party written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (BlackRock Inc.)

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx txxx Xxxxxxx Xxxxx Lxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an “Additional BlackRock Stock Purchase”) (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates to 90% or less of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap as Xxxxxxx Mxxxxxx Xxxxx’x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx Mxxxxxx Lxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx Mxxxxxx Lxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (BlackRock Inc.)

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a "Stock Issuance") of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an "Additional BlackRock Stock Purchase") (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap as Xxxxxxx Xxxxx’x Xxxxx'x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (BlackRock Inc.)

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Purchases of Additional Securities. At any time that BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an “Additional BlackRock Stock Purchase”) (i) additional shares of Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Voting Ownership Cap as Xxxxxxx Xxxxx’x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (BlackRock Inc.)

Purchases of Additional Securities. At any time that BlackRock effects an issuance (a "Stock Issuance") of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx Xxxxxxx Xxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx shall, subject to Section 2.1, have the right to purchase from BlackRock (in each instance, an "Additional BlackRock Stock Purchase") (i) additional shares of Series A Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of BlackRock Capital Stock by BlackRock since the Closing and any Transfers of BlackRock Capital Stock by Xxxxxxx Xxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx and its Affiliates to 90% or less of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Xxxxx’x Xxxxx'x Voting Ownership Cap as Xxxxxxx Xxxxx’x Xxxxx'x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx shall pay an equal per security amount of cash consideration in the Additional BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx shall pay to purchase the additional securities shall be the Fair Market Value per unit of the class or series of securities. BlackRock shall give Xxxxxxx Xxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.

Appears in 1 contract

Samples: Stockholder Agreement (BlackRock Inc.)

Purchases of Additional Securities. At From and after the Closing, at any time that New BlackRock effects an issuance (a “Stock Issuance”) of additional Voting Securities or Equivalent Securities other than in connection with any employee restricted stock, stock option, incentive or other benefit plan to any Person or Persons other xxxx txxx Xxxxxxx Xxxxx Lxxxx or any Affiliate thereof, but not later than 10 Business Days following such Stock Issuance, Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall, subject to Section 2.1, have the right to purchase from New BlackRock (in each instance, an “Additional New BlackRock Stock Purchase”) (i) additional shares of Series A Participating Preferred Stock such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (A) the lesser of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and its Total Ownership Cap and (B) the same Ownership Percentage of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and Total Ownership Cap as they Beneficially Owned immediately prior to such Stock Issuance and (ii) if the total of all Stock Issuances including the Stock Issuance in question since the Closing has the effect, after taking into account any repurchases of New BlackRock Capital Stock by New BlackRock since the Closing and any Transfers of BlackRock New Boise Capital Stock by Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates in accordance with Section 3.2(b)(i) or (ii), of decreasing the Total Voting Power of New BlackRock Capital Stock issued and outstanding after giving effect to such Stock Issuance Beneficially Owned by Xxxxxxx Xxxxx Miami and its Affiliates to 90% or less of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap, additional Voting Securities of the same class or series issued in the Stock Issuance such that following such Stock Issuance and such purchase Xxxxxxx Xxxxx Mxxxxxx Lxxxx and its Affiliates will Beneficially Own shares and/or other securities representing the lesser of (x) Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap and (y) the same Ownership Percentage of Xxxxxxx Mxxxxxx Xxxxx’x Voting Ownership Cap as Xxxxxxx Mxxxxxx Xxxxx’x and its Affiliates Beneficially Owned immediately prior to such Stock Issuance. If Xxxxxxx Xxxxx Mxxxxxx Lxxxx exercises such right within 30 days after the pricing date of such Stock Issuance and if the purchaser or purchasers of Voting Securities in such Stock Issuance pays cash in consideration for such securities, Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall pay an equal per security amount of cash consideration in the Additional New BlackRock Stock Purchase following such Stock Issuance. In all other cases, the price that Xxxxxxx Xxxxx Mxxxxxx Lxxxx shall pay to purchase the additional securities Voting Securities shall be the Fair Market Value per unit of the class or series of securitiesVoting Securities. New BlackRock shall give Xxxxxxx Xxxxx Mxxxxxx Lxxxx written notice of any Stock Issuance as far in advance as practicable and on the date of completion.;

Appears in 1 contract

Samples: Stockholder Agreement (Merrill Lynch & Co Inc)

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