Stock Dividends or Distributions Sample Clauses
The 'Stock Dividends or Distributions' clause defines how stock dividends, splits, or similar distributions are handled under the agreement. It typically specifies that if the company issues additional shares to existing shareholders through a dividend or split, the rights and obligations of the parties—such as conversion ratios or ownership percentages—will be adjusted accordingly. This ensures that parties maintain their proportional interests and that the economic terms of the agreement remain fair and consistent despite changes in the company’s capital structure.
Stock Dividends or Distributions. If the Corporation shall issue shares of Common Stock as a dividend or distribution on all or substantially all shares of Common Stock or if the Corporation effects a stock split or combination of the Common Stock (other than as set forth in Section 8.6(f)), the Conversion Price shall be adjusted based on the following formula: CP1 = CP0 × OS0 OS1 where, CP1 = the Conversion Price in effect immediately after the open of business on the Ex-Dividend Date for such dividend or distribution or the effective date of such share split or share combination, as the case may be; CP0 = the Conversion Price in effect immediately prior to the open of business on the Ex-Dividend Date for such dividend or distribution or the effective date of such share split or share combination, as the case may be; OS0 = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Dividend Date for such dividend or distribution or the effective date of such share split or share combination, as the case may be; and OS1 = the number of shares of Common Stock that would be outstanding immediately after giving effect to such dividend, distribution, share split or share combination, as the case may be. Any adjustment made under this clause (b) shall become effective immediately after the open of business on such Ex-Dividend Date for such dividend or distribution, or immediately after the open of business on the effective date for such share split or share combination, as applicable. If any dividend or distribution of the type described in this clause (b) is declared but not so paid or made, the Conversion Price shall be immediately readjusted, effective as of the date the Board determines not to pay such dividend or distribution, to the Conversion Price that would then be in effect if such dividend or distribution had not been declared or announced.
Stock Dividends or Distributions. In the event of a stock dividend or distribution, or any change in the Dendreon Common Stock or, after the Effective Time, the Converted Shares by reason of any stock dividend, split-up, recapitalization, combination, exchange of shares or the like, (i) the terms "Dendreon Shares" and "Converted Shares" shall be deemed to refer to and include the Dendreon Shares or Converted Shares, as the case may be, as well as all such stock dividends and distributions and any shares into which or for which any or all of the Dendreon Shares or Converted Shares, as the case may be, may be changed or exchanged.
Stock Dividends or Distributions. In the event of a stock dividend or distribution, or any change in the Green Plains Common Stock by reason of any stock dividend, split-up, recapitalization, combination, exchange of shares or the like, the terms “Green Plains Shares” will be deemed to refer to and include the Green Plains Shares as well as all such stock dividends and distributions and any shares into which or for which any or all of the Green Plains Shares may be changed or exchanged.
Stock Dividends or Distributions. In the event that Option Writer, whether as a holder of Common Stock or as a holder of Preferred Shares, receives (or is entitled to receive upon conversion of such Preferred Shares, as the case may be) a distribution (by stock dividend or otherwise) of any securities, the sale of which is registered, not required to be registered or exempt from such registration under the Securities Act in the hands of public holders of the HM Common Stock, but the sale of which is not registered, and is required to be registered or exempt from registration under the Securities Act in the hands of Option Writer, HM shall at its option, within a reasonable time period following a request by Option Writer, either (a) notify Option Writer that it will be permitted to include such securities as "Registrable Securities" as defined in the Registration Rights Agreement, or (b) repurchase such securities from Option Writer at market value as determined in the public market. In the event that there is no public market for such securities, HM and Option Writer shall appoint a mutually agreeable third-party appraiser to establish the value of such securities, provided that if the parties fail to agree on such third-party appraiser, the value will be determined pursuant to Article 8.
Stock Dividends or Distributions. In the event of a dividend or distribution, or any change in the GPRE Common Stock or the VBV Common Units by reason of any dividend, split-up, recapitalization, combination, exchange of shares/units or the like, the terms “GPRE Shares” and “VBV Common Units” will be deemed to refer to and include the GPRE Shares or VBV Common Units, as the case may be, as well as all such dividends and distributions and any shares into which or for which any or all of the GPRE Shares or VBV Common Units, as the case may be, may be changed or exchanged.