Split, Subdivision or Combination. If the Corporation shall in any manner split, subdivide or combine the outstanding shares or Units of Series B Junior Participating Preferred Stock (or undertake any similar transaction), the outstanding shares or Units, as applicable, of the Series A Junior Participating Preferred Stock shall be proportionally split, subdivided or combined in the same manner and on the same basis as the outstanding shares or Units of the Series B Junior Participating Preferred Stock have been split, subdivided or combined. Any decrease or increase in the number of shares or Units of the Series B Junior Participating Preferred Stock resulting from a split, subdivision, combination or consolidation of shares or Units or other capital reclassification shall not be permitted unless parallel action is taken with respect to the Series A Junior Participating Preferred Stock, so that the number of shares or Units, as applicable, of each of the Series B Junior Participating Preferred Stock and Series A Junior Participating Preferred Stock shall be impacted proportionately.
Appears in 2 contracts
Samples: Purchase Preferred Stock, ICO Global Communications (Holdings) LTD
Split, Subdivision or Combination. If the Corporation shall in any manner split, subdivide or combine the outstanding shares or Units of Series B A Junior Participating Preferred Stock (or undertake any similar transaction), the outstanding shares or Units, as applicable, of the Series A B Junior Participating Preferred Stock shall be proportionally split, subdivided or combined in the same manner and on the same basis as the outstanding shares or Units of the Series B A Junior Participating Preferred Stock have been split, subdivided or combined. Any decrease or increase in the number of shares or Units of the Series B A Junior Participating Preferred Stock resulting from a split, subdivision, combination or consolidation of shares or Units or other capital reclassification shall not be permitted unless parallel action is taken with respect to the Series A B Junior Participating Preferred Stock, so that the number of shares or Units, as applicable, of each of the Series B A Junior Participating Preferred Stock and Series A B Junior Participating Preferred Stock shall be impacted proportionately.
Appears in 2 contracts
Samples: Purchase Preferred Stock, ICO Global Communications (Holdings) LTD