Common use of Stapled Securities Clause in Contracts

Stapled Securities. (a) Prior to a Separation Event (as hereinafter defined) with respect to any Stapled Securities, such Stapled Securities will be deemed, for purposes of the adjustments contemplated hereby, to comprise part of the shares of Common Stock to which such Stapled Securities appertain, and as a result, distributions in respect of such Stapled Securities will be deemed, for such purposes, to be distributions in respect of such shares. (b) If the Holder converts this Note (or any portion of the principal amount hereof) after a Separation Event with respect to any Stapled Securities, it shall be entitled to receive upon such conversion, in addition to the shares of Common Stock issuable upon such conversion, the same rights to which the Holder would have been entitled under the Stapled Securities that would have appertained to such shares of Common Stock if the Holder had effected such conversion before such Separation Event.

Appears in 11 contracts

Sources: Note Purchase Agreement (Gamco Investors, Inc. Et Al), Note Purchase Agreement (Gamco Investors, Inc. Et Al), Convertible Promissory Note (Cascade Investment LLC)

Stapled Securities. (ai) Prior to a Separation Event (as hereinafter defined) with respect to any Stapled Securities, such Stapled Securities will be deemed, for purposes of the adjustments contemplated hereby, to comprise part of the shares of Common Stock Shares to which such Stapled Securities appertain, and as a result, distributions in respect of such Stapled Securities will be deemed, for such purposes, to be distributions in respect of such shares. (bii) If the Holder Each holder of Series A who converts this Note (or any portion shares of the principal amount hereof) Series A after a Separation Event with respect to any Stapled Securities, it Securities shall be entitled to receive upon such conversion, in addition to the shares of Common Stock issuable upon such conversion, the same rights to which the Holder such holder would have been entitled under the Stapled Securities that would have appertained to such shares of Common Stock if the Holder such holder had effected converted such conversion shares of Series A before such Separation Event.

Appears in 1 contract

Sources: Stock Purchase Agreement (Key3media Group Inc)