Common use of Adjustment Due to Merger, Consolidation, Etc Clause in Contracts

Adjustment Due to Merger, Consolidation, Etc. If, prior to the exercise in full of this Warrant, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Company shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities of the Company or another entity, then the Holders of this Warrant shall thereafter have the right to receive upon exercise of this Warrant, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon exercise, such stock, securities or other assets which the Holder would have been entitled to receive in such transaction had the Warrant been exercised immediately prior to such transaction, and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder to the end that the provisions hereof (including, without limitation, provisions for the adjustment of the Exercise Price) shall thereafter be applicable, as nearly as may be practicable in relation to any securities thereafter deliverable upon the exercise hereof.

Appears in 6 contracts

Samples: Loan Agreement (Alanco Technologies Inc), Loan and Security Agreement (Alanco Technologies Inc), Loan and Security Agreement (Alanco Technologies Inc)

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Adjustment Due to Merger, Consolidation, Etc. If, prior to If at any time when the exercise in full of this WarrantNotes are issued and outstanding, there shall be any merger, amalgamation, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Company shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities of the Company company or another entity, then the Holders of this Warrant the Notes shall thereafter have the right to receive upon exercise conversion of this Warrantthe Notes, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon exerciseconversion, such stock, stock and/or securities or other assets which the Holder would have been entitled to receive in such transaction had the Warrant Notes been exercised converted immediately prior to such transaction, and in any such case appropriate provisions shall be made with respect to the rights and interests interest of the Holder Holders of the Notes to the end that the provisions hereof (including, without limitation, provisions for the adjustment of the Exercise Price) Fixed Conversion Price and of the number of shares issuable upon conversion of the Notes shall thereafter be applicable, as nearly as may be practicable in relation to any securities thereafter deliverable upon the exercise hereof.

Appears in 1 contract

Samples: Agreement (Cool Can Technologies Inc/Ca)

Adjustment Due to Merger, Consolidation, Etc. If, prior to If at any time when the exercise in full of this WarrantNotes are issued and outstanding, there shall be any merger, amalgamation, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock common stock of the Company shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities of the Company company or another entity, then the Holders of this Warrant the Notes shall thereafter have the right to receive upon exercise conversion of this Warrantthe Notes, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock common stock immediately theretofore issuable upon exerciseconversion, such stock, stock and/or securities or other assets which the Holder would have been entitled to receive in such transaction had the Warrant Notes been exercised converted immediately prior to such transaction, and in any such case appropriate provisions shall be made with respect to the rights and interests interest of the Holder Holders of the Notes to the end that the provisions hereof (including, without limitation, provisions for the adjustment of the Exercise Price) Conversion Price and of the number of shares issuable upon conversion of the Notes shall thereafter be applicable, as nearly as may be practicable in relation to any securities thereafter deliverable upon the exercise hereof.

Appears in 1 contract

Samples: Agreement (Doral Energy Corp.)

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Adjustment Due to Merger, Consolidation, Etc. If, prior to If at any time when the exercise in full of this WarrantNotes are issued and outstanding, there shall be any merger, amalgamation, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Company shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities of the Company company or another entity, then the Holders of this Warrant the Notes shall thereafter have the right to receive upon exercise conversion of this Warrantthe Notes, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon exerciseconversion, such stock, stock and/or securities or other assets which the Holder would have been entitled to receive in such transaction had the Warrant Notes been exercised converted immediately prior to such transaction, and in any such case appropriate provisions shall be made with respect to the rights and interests interest of the Holder Holders of the Notes to the end that the provisions hereof (including, without limitation, provisions for the adjustment of the Exercise PriceConversion Price and of the number of Conversion Securities issuable upon conversion of the Notes) shall thereafter be applicable, as nearly as may be practicable in relation to any securities thereafter deliverable upon the exercise hereof.

Appears in 1 contract

Samples: Convertible Note (Lincoln Gold Corp)

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