Common use of Share Adjustment Clause in Contracts

Share Adjustment. In the event that during the term of this ---------------- Agreement, any reclassification, readjustment or other change is declared or made in the capital structure of Borrower, or any Option is exercised, all new substituted and additional shares, options, or other securities, issued, or issuable, to Pledgor by reason of any such change or exercise shall be delivered to and held by Lender under the terms of this Agreement in the same manner as the Collateral originally pledged hereunder.

Appears in 3 contracts

Samples: Loan and Stock Pledge Agreement (United Panam Financial Corp), Loan and Stock Pledge Agreement (United Panam Financial Corp), Loan and Stock Pledge Agreement (United Panam Financial Corp)

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Share Adjustment. In the event that during the term of this ---------------- Agreement, any reclassification, readjustment or other change is declared or made in the capital structure of Borrower, or any Option is exercised, all new substituted and additional shares, options, or other securities, issued, or issuable, to Pledgor by reason of any such change or exercise shall be delivered to and held by Lender under the terms of this Agreement in the same manner as the Collateral originally pledged hereunder.

Appears in 1 contract

Samples: Loan Agreement (PDG Environmental Inc)

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