Common use of Adjustment to the Merger Consideration Clause in Contracts

Adjustment to the Merger Consideration. The Merger Consideration shall be adjusted appropriately to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Company Shares), reclassification, combination, exchange of shares or other like change with respect to Company Shares occurring, or with a record date, on or after the date hereof and prior to the Effective Time, and such adjustment to the Merger Consideration shall provide to the holders of Company Shares the same economic effect as contemplated by this Agreement prior to such action provided, however, that nothing in this ‎Section 2.7(b) shall be construed to permit the Company to take any action that is otherwise prohibited or restricted under this Agreement.

Appears in 2 contracts

Sources: Merger Agreement (Lumenis LTD), Merger Agreement (Lumenis LTD)

Adjustment to the Merger Consideration. The Merger Consideration shall be adjusted appropriately to reflect the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Company SharesCommon Stock), reclassification, combination, exchange of shares or other like change with respect to Company Shares Common Stock occurring, or with a record date, on or after the date hereof and prior to the Effective Time, and such adjustment to the Merger Consideration shall provide to the holders of Company Shares Common Stock the same economic effect as contemplated by this Agreement prior to such action provided, however, that nothing in this ‎Section 2.7(b) Section 3.2 shall be construed to permit the Company to take any action that is otherwise prohibited or restricted under this Agreement.

Appears in 1 contract

Sources: Merger Agreement (Lapolla Industries Inc)