Recapitalization Event definition

Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Recapitalization Event means an event where the issued and outstanding shares or securities exchangeable into or exercisable for shares, shall have been changed or reclassified into a different class or number of shares, including by way of reverse share split or stock split, share dividend, division, combination or distribution of shares, or other similar recapitalization.

Recapitalization Event has the meaning set forth in Section 5.05(a).

Examples of Recapitalization Event in a sentence

• Such number of Preferred Shares shall be adjusted for any Recapitalization Event.

• In the event of a Recapitalization Event as a result of which one class or series of Equity Securities is converted into another class or series of Equity Securities, then a holder of the corresponding class or series of Units will be entitled to receive on exchange the amount of the security that the holder would have received if the exchange of Units had occurred immediately before the effective date of the Recapitalization Event.

• In any case where this Section 5.03(b) applies, the second sentence of Section 5.05 shall also apply to the Recapitalization Event as though it were a Reorganization Event.

• Upon the happening of any Recapitalization Event, the number of Shares or other securities that may be repurchased under this Agreement and the purchase price therefor shall be appropriately adjusted by the Board, whose determination shall be conclusive.

• In any such case, appropriate adjustment shall be made in the application of the provisions of this Article 9 with respect to the rights of the holders of the Preferred Shares after such Recapitalization Event to the end that the provisions of this Article (including adjustment of the Conversion Price then in effect and the number of shares issuable upon conversion of the Preferred Shares) shall be applicable after that event in a manner as nearly equivalent as may be practicable.

More Definitions of Recapitalization Event

Recapitalization Event means any stock splits, stock dividends, recapitalizations, reclassifications and similar events.

Recapitalization Event means a transaction or event described in Section 4.05(a)(iv).

Recapitalization Event means a recapitalization, reorganization, stock dividend or other special corporate restructuring which results in an extraordinary distribution to the stockholders of cash and/or securities through the use of leveraging or otherwise but which does not result in a Change of Control.

Recapitalization Event means any event of share combination or subdivision, share splits, stock dividends, bonus shares or any other reclassification, reorganization or recapitalization of the Company’s share capital and the like.

Recapitalization Event means any split or consolidation of shares, the distribution of Bonus Shares, any recapitalization of the Company's Equity Securities pursuant to Section 350 of the Companies Law and any other reclassification or similar events.

Recapitalization Event means a stock split, reverse stock split, combination, reclassification, recapitalization, stock dividend or similar transaction.

Recapitalization Event means either an Up-MACRO Recapitalization Event or a Down-MACRO Recapitalization Event, as applicable.