Common use of Subdivisions, Combinations or Reclassifications Clause in Contracts

Subdivisions, Combinations or Reclassifications. Shares of Class A Common Stock or Class B Common Stock may not be subdivided, combined or reclassified unless the shares of the other class is concurrently therewith proportionately subdivided, combined or reclassified in a manner that maintains the same proportionate equity ownership between the holders of the outstanding Class A Common Stock and Class B Common Stock on the record date for such subdivision, combination or reclassification; provided, however, that shares of one such class may be subdivided, combined or reclassified in a different or disproportionate manner if such subdivision, combination or reclassification is approved by the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock and Class B Common Stock, each voting separately as a class.

Appears in 6 contracts

Samples: Business Combination Agreement and Plan of Reorganization (DHC Acquisition Corp.), Business Combination Agreement (Ivanhoe Capital Acquisition Corp.), Agreement and Plan of Merger (D8 Holdings Corp.)

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Subdivisions, Combinations or Reclassifications. Shares of Class A Common Stock, Class B Common Stock or Class B Common C Capital Stock may not be subdivided, combined or reclassified unless the shares of each of the other class is two classes are concurrently therewith proportionately subdivided, combined or reclassified in a manner that maintains the same proportionate equity ownership between the holders of the outstanding Class A Common Stock, Class B Common Stock and Class B Common C Capital Stock on the record date for such subdivision, combination or reclassification; provided, however, that shares of one such class may be subdivided, combined or reclassified in a different or disproportionate manner if such subdivision, combination or reclassification is approved in advance by the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock, Class B Common Stock and Class B Common C Capital Stock, each voting separately as a class.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Blue Apron Holdings, Inc.)

Subdivisions, Combinations or Reclassifications. Shares of Class A Common Stock Stock, Class B Common Stock, or Class B C Common Stock may not be subdivided, combined combined, or reclassified unless the shares of the other class is classes are concurrently therewith proportionately subdivided, combined combined, or reclassified in a manner that maintains the same proportionate equity ownership between the holders of the then-outstanding Class A Common Stock Stock, Class B Common Stock, and Class B C Common Stock on the record date for such subdivision, combination combination, or reclassification; provided, however, that shares of one such class may be subdivided, combined combined, or reclassified in a different or disproportionate manner if such subdivision, combination combination, or reclassification is approved by the affirmative vote of the holders of a majority of the then-outstanding shares of Class A Common Stock Stock, Class B Common Stock, and Class B C Common Stock, each voting separately as a class.

Appears in 1 contract

Samples: Governance Agreement (Reddit, Inc.)

Subdivisions, Combinations or Reclassifications. Shares of Class A Common Stock or Class B Common Stock may not be subdivided, combined or reclassified unless the shares of the other class is of Common Stock are concurrently therewith proportionately subdivided, combined or reclassified in a manner that maintains the same proportionate equity ownership between the holders of the outstanding Class A Common Stock and Class B Common Stock on the record date for such subdivision, combination or reclassification; provided, however, that shares of one such class may be subdivided, combined or reclassified in a different or disproportionate manner if such subdivision, combination or reclassification is approved in advance by the affirmative vote or written consent of the holders of a majority of the outstanding shares of Class A Common Stock and a majority of the outstanding shares of Class B Common Stock, each voting separately as a class.

Appears in 1 contract

Samples: Contribution and Exchange Agreement (Special Diversified Opportunities Inc.)

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Subdivisions, Combinations or Reclassifications. Shares of Class A Common Stock or Class B Common Stock may not be subdivided, combined or reclassified unless the shares of the other class is are concurrently therewith proportionately subdivided, combined or reclassified in a manner that maintains the same proportionate equity ownership between the holders of the outstanding Class A Common Stock and Class B Common Stock on the record date for such subdivision, combination or reclassification; provided, however, that shares of one such class may be subdivided, combined or reclassified in a different or disproportionate manner if such subdivision, combination or reclassification is approved in advance by the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock and Class B Common Stock, each voting separately as a class.

Appears in 1 contract

Samples: Business Combination Agreement (DPCM Capital, Inc.)

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