Common use of Equity Capital Clause in Contracts

Equity Capital. The alteration or re-organization of the equity capital, including without limitation, any increase, reduction or cancellation of authorized equity capital, or any consolidation, reclassification, subdivision or conversion of, or any alteration of the rights in respect of, any equity capital, other than (i) any alteration to permit the conversion of the Notes or the Class B Ordinary Shares in accordance with the terms under the Notes or the Memorandum and Articles, or (ii) any alteration in preparation for or as a result of a Qualified Public Offering, provided that such alteration under clause (ii) shall not be effective until the consummation of such Qualified Public Offering.