Common use of Additional Shares or Substituted Securities Clause in Contracts

Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend payable in a form other than Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Article V or into which such Shares thereby become convertible shall immediately be subject to this Article V and Article III. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to this Article V and Article III.

Appears in 17 contracts

Sources: Securities Subscription Agreement (GSR II Meteora Acquisition Corp.), Securities Subscription Agreement (Everest Consolidator Acquisition Corp), Securities Subscription Agreement (Khosla Ventures Acquisition Co. IV)

Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend payable in a form other than Shares, a spin-offspin‑off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Article V or into which such Shares thereby become convertible shall immediately be subject to this Article V and Article III. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to this Article V and Article III.

Appears in 12 contracts

Sources: Securities Subscription Agreement (Warrior Technologies Acquisition Co), Securities Subscription Agreement (Flame Acquisition Corp.), Securities Subscription Agreement (Flame Acquisition Corp.)

Additional Shares or Substituted Securities. In the event of the declaration of a share stock dividend, the declaration of an extraordinary dividend payable in a form other than SharesCommon Stock, a spin-off, a share stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Shares Common Stock without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares Common Stock subject to this Article V or into which such Shares Common Stock thereby become becomes convertible shall immediately be subject to this Article V and Article III. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares Common Stock subject to this Article V and Article III.

Appears in 5 contracts

Sources: Securities Subscription Agreement (BrightSpark Capitol Corp.), Securities Subscription Agreement (Capitol Investment Corp. VI), Securities Subscription Agreement (Capitol Investment Corp. VI)

Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend payable in a form other than Shares, a spin-offspin‑off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Article V or into which such Shares thereby become convertible shall immediately be subject to this Article V and Article III. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to this Article V and Article III.. US-DOCS\125113337.3

Appears in 1 contract

Sources: Securities Subscription Agreement (VMG Consumer Acquisition Corp.)

Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend payable in a form other than SharesCommon Stock, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Shares Common Stock without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Shares Common Stock subject to this Article V or into which such Shares thereby become convertible shall immediately be subject to this Article V and Article III. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to this Article V and Article III.

Appears in 1 contract

Sources: Securities Subscription Agreement (CENAQ Energy Corp.)