Common use of Recapitalization and Similar Events Clause in Contracts

Recapitalization and Similar Events. In the event that any equity interests or other securities are issued in respect of, in exchange for, or in substitution of, Shares by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or complete liquidation, stock or share dividend, split-up, sale of assets, distribution to Parent Shareholders or combination of Shares or any other change in the Parent's capital structure, appropriate adjustments shall be made to the provisions of this Agreement, as determined in good faith by the Board, so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the parties hereto under this Agreement. [SIGNATURE PAGE FOLLOWS] 26

Appears in 2 contracts

Sources: Governance Agreement, Governance Agreement

Recapitalization and Similar Events. In the event that any equity interests or other securities are issued in respect of, in exchange for, or in substitution of, Shares by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-spin- off, partial or complete liquidation, stock or share dividend, split-up, sale of assets, distribution to Parent Shareholders or combination of Shares or any other change in the Parent's ’s capital structure, appropriate adjustments shall be made to the provisions of this Agreement, as determined in good faith by the Board, so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the parties hereto under this Agreement. [SIGNATURE PAGE FOLLOWS] 26OHSUSA:766890518.5

Appears in 1 contract

Sources: Governance Agreement

Recapitalization and Similar Events. In the event that any equity interests or other securities are issued in respect of, in exchange for, or in substitution of, Shares by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or complete liquidation, stock or share dividend, split-up, sale of assets, distribution to Parent Shareholders or combination of Shares or any other change in the Parent's capital structure, appropriate adjustments shall be made to the provisions of this Agreement, as determined in good faith by the Board, so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the parties hereto under this Agreement. [SIGNATURE PAGE FOLLOWS] 26.

Appears in 1 contract

Sources: Governance Agreement (Ocean Rig UDW Inc.)