Common use of Split Clause in Contracts

Split. After Safeguard has notified the Company of its intention to commence a Rights Offering, the Company shall, prior to the filing of the Rights Registration Statement with respect thereto as provided hereinafter (or at such earlier date as agreed to by the Company and Safeguard), take all such actions as shall be necessary to cause the Relevant Subsidiary to cause a split of its authorized common stock in such ratio as Safeguard shall determine. All references to share amounts in this Agreement other than as specifically noted shall be deemed to refer to share amounts prior to such split.

Appears in 3 contracts

Samples: Investors' Rights Agreement (Usdata Corp), Investors' Rights Agreement (Usdata Corp), Investors' Rights Agreement (Usdata Corp)

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Split. After Safeguard has notified the Company of its intention ----- to commence a Rights Offering, the Company shall, prior to the filing of the Rights Registration Statement with respect thereto as provided hereinafter (or at such earlier date as agreed to by the Company and Safeguard), take all such actions as shall be necessary to cause the Relevant Subsidiary to cause a split of its authorized common stock in such ratio as Safeguard shall determine. All references to share amounts in this Agreement other than as specifically noted shall be deemed to refer to share amounts prior to such split.

Appears in 1 contract

Samples: Investors' Rights Agreement (SCP Private Equity Partners Ii Lp)

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