Common use of Adjustment to Consideration Clause in Contracts

Adjustment to Consideration. The Share Maximum and Exchange Ratio will be adjusted to reflect fully the effect of any stock split, reverse split, consolidation, reorganization or recapitalization with respect to Purchaser Shares effected in accordance with the terms of the Arrangement Agreement occurring after the date of the Arrangement Agreement and prior to the Effective Time.

Appears in 3 contracts

Sources: Amending Agreement (Cenovus Energy Inc.), Confidentiality Agreement (Cenovus Energy Inc.), Arrangement Agreement (Cenovus Energy Inc.)

Adjustment to Consideration. The Share Maximum and Exchange Ratio will be adjusted to reflect fully the effect of any stock split, reverse split, consolidation, reorganization or recapitalization with respect to Purchaser Parent Shares effected in accordance with the terms of the Arrangement Agreement occurring after the date of the Arrangement Agreement and prior to the Effective Time.

Appears in 1 contract

Sources: Arrangement Agreement (Ovintiv Inc.)