Common use of Stock Splits, Dividends, Etc Clause in Contracts

Stock Splits, Dividends, Etc. In the event of any stock split, stock dividend, stock combination or similar transaction affecting the number of issued and outstanding shares of New Common Stock, the Purchase Price and the number of Unsubscribed Shares to be purchased hereunder will be proportionally adjusted to reflect the increase or decrease in the number of issued and outstanding shares of New Common Stock.

Appears in 4 contracts

Samples: Commitment Agreement (Solutia Inc), Equity Commitment Agreement (Owens Corning), Equity Commitment Agreement (Owens Corning)

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Stock Splits, Dividends, Etc. In the event of any stock split, stock dividend, stock combination or similar transaction affecting the number of issued and outstanding shares of New Common StockStock prior to the Effective Date, the Purchase Price and the number of Unsubscribed Shares to be purchased hereunder will be proportionally adjusted to reflect the increase or decrease in the number of issued and outstanding shares of New Common Stock.

Appears in 2 contracts

Samples: Equity Commitment Agreement (Tronox Inc), Equity Commitment Agreement

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