Common use of Adjustment for Merger or Reorganization Clause in Contracts

Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another Company, each Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth with respect to the rights and interest thereafter of the holders of the Warrants, to the end that the provisions set forth in this Article 7 (including provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants.

Appears in 3 contracts

Samples: Warrant Agreement (Pointe Communications Corp), Warrant Agreement (Telscape International Inc), Warrant Agreement (Telscape International Inc)

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Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another Company, each Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth --------- with respect to the rights and interest thereafter of the holders of the Warrants, to the end that the provisions set forth in this Article 7 (including --------- provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (Telscape International Inc), Warrant Agreement (Telscape International Inc)

Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another CompanyCompany which does not cause a Liquidation, each Warrant Share shall thereafter be exercisable for convertible into the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Series BB Preferred Stock of the Company deliverable upon exercise of such the Warrant world would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of DirectorsBoard) shall be made in the application of the provisions in this Article 7 Section 8 set forth with respect to the rights and interest thereafter of the holders of the WarrantsWarrant, to the end that the provisions set forth in this Article 7 Section 8 (including provisions with respect to changes in and other adjustments of the Exercise Warrant Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the WarrantsWarrant.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Metastorm Inc), Stock Purchase Agreement (Metastorm Inc)

Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another Company, each Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth with respect to the rights and interest thereafter of the holders of the Warrants, to the end that the provisions set forth in this Article 7 (including provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (TSG Capital Fund Iii L P), Warrant Agreement (Sandler Capital Management)

Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another Company, each Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth with respect to the rights and interest thereafter of the holders of the Warrants, to the end that the provisions set forth in this Article 7 (including provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (Medcross Inc), Warrant Agreement (I Link Inc)

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Adjustment for Merger or Reorganization. In case of any ----------------------------------------- ---------------------------------------- consolidation or merger of the Company with or into another Company, each Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth with respect to the rights and interest thereafter of the holders of the Warrants, to the end that the provisions set forth in this Article 7 (including provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Pointe Communications Corp)

Adjustment for Merger or Reorganization. In case of any ----------------------------------------- consolidation or merger of the Company with or into another Company, each Series K Warrant shall thereafter be exercisable for the kind and amount of shares of stock or other securities or property to which a holder of the number of shares of Common Stock of the Company deliverable upon exercise of such Warrant world would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Article 7 set forth with respect to the rights and interest thereafter of the holders of the Series K Warrants, to the end that the provisions set forth in this Article 7 (including provisions with respect to changes in and other adjustments of the Exercise Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Series K Warrants.

Appears in 1 contract

Samples: Series K Warrant Agreement (I Link Inc)

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