Changes to Capital Structure Clause Samples
Changes to Capital Structure. Additional Persons may be admitted as Members, and additional Units or other equity interests may be created and issued from time to time; the terms of admission or issuance may provide for the creation of different classes, groups or series of membership interests having different rights, powers and duties, which rights, powers and duties may be senior, pari passu or junior to the rights, powers and duties of the Units, as determined by the Board of Managers. Any creation of any new class, group or series of units or other equity interests shall be reflected in a supplemental exhibit to this Agreement indicating such rights, powers and duties.
Changes to Capital Structure. In the event of any stock dividend, stock split, combination of shares, merger, consolidation, recapitalization, reclassification or other similar capital or corporate structure change, the number of Option Shares unpurchased and remaining subject to this Option and the purchase price of such Option Shares shall be appropriately adjusted to reflect such change.
Changes to Capital Structure. If the Borrower undergoes any material changes to its capital structure (whether by way of additional funding rounds, issuances of Capital Stock, or otherwise), then Borrower shall deliver to Lender an updated capitilization table concurrently with the delivery of any Quarterly Financial Statement described in Section 5.1(b).
Changes to Capital Structure. If during the Option Period there is any share consolidation, split, reclassification or any other changes to the capital structure of NAPL, the number of Consideration Shares to be issued by NAPL under the terms of this Agreement shall be adjusted, with any adjustment calculation done on the basis that GFBV holds the relevant number of Consideration Shares as at the date of the relevant capital restructuring and such shares are subject to any such restructuring.
Changes to Capital Structure. In the event that there is a specified type of change in AppHarvest’s capital structure, such as a stock split or recapitalization, appropriate adjustments will be made to (1) the class and maximum number of shares reserved for issuance under the 2018 Plan, (2) the class and maximum number of shares that may be issued upon the exercise of ISOs and (3) the class and number of shares and price per share of stock subject to outstanding stock awards.
Changes to Capital Structure. Any subdivision, split, reverse-split or reclassification of any class of Common Stock shall be applied equally to all other classes of Common Stock. APPENDIX B PASSIVE INVESTMENT TERMS PNC does not seek to control or participate in the management of the Company. PNC will be a passive investor in the Company and agrees with the Company as follows:
1. PNC will not seek or accept representation on the board of directors of the Company;
2. PNC will not take action causing the Company to become a subsidiary of PNC;
Changes to Capital Structure. ▇▇▇▇▇▇ ▇▇▇▇▇ evaluates each proposal separately. Generally ▇▇▇▇▇▇ ▇▇▇▇▇ votes for changes such as stock splits and open market share repurchase plans where all shareholders can participate pro rata. The firm typically votes against proposals designed to discourage mergers and acquisitions of the company soliciting the proxy and other measures which do not provide shareholders with economic value.
Changes to Capital Structure. In the event there is a specified type of change in the capital structure of the Combined Company, such as a stock split, reverse stock split, or recapitalization, appropriate adjustments will be made to (1) the class and maximum number of shares reserved for issuance under the 2021 Plan, (2) the class of shares by which the share reserve may increase automatically each year, (3) the class and maximum number of shares that may be issued on the exercise of ISOs and (4) the class and number