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 Corporation with or into another corporation which does not cause a Liquidation, each share of Series CC Preferred Stock shall thereafter be 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 Stock of the Corporation deliverable upon conversion of such Series CC Preferred Stock would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board) shall be made in the application of the provisions in this Section 4 set forth with respect to the rights and interest thereafter of the holders of the Series CC Preferred Stock, to the end that the provisions set forth in this Section 4 (including provisions with respect to changes in and other adjustments of the Conversion 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 conversion of the Series CC Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metastorm Inc)

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Adjustment for Merger or Reorganization. In case of any consolidation or merger of the Corporation with or into another corporation which does not cause a Liquidation, each share of Series CC BB Preferred Stock shall thereafter be 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 Stock of the Corporation deliverable upon conversion of such Series CC BB Preferred Stock would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board) shall be made in the application of the provisions in this Section 4 5 set forth with respect to the rights and interest thereafter of the holders of the Series CC BB Preferred Stock, to the end that the provisions set forth in this Section 4 5 (including provisions with respect to changes in and other adjustments of the Conversion 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 conversion of the Series CC BB Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metastorm Inc)

Adjustment for Merger or Reorganization. In case of any consolidation or merger of the Corporation with or into another corporation which does not cause a Liquidation, each share of Series CC AA Preferred Stock shall thereafter be 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 Stock of the Corporation deliverable upon conversion of such Series CC AA Preferred Stock would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board) shall be made in the application of the provisions in this Section 4 set forth with respect to the rights and interest thereafter of the holders of the Series CC AA Preferred Stock, to the end that the provisions set forth in this Section 4 (including provisions with respect to changes in and other adjustments of the Conversion 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 conversion of the Series CC AA Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metastorm Inc)

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Adjustment for Merger or Reorganization. In case of any consolidation or merger of the Corporation with or into another corporation which does not cause a Liquidation, each share of Series CC AA Preferred Stock shall thereafter be 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 Stock of the Corporation deliverable upon conversion of such Series CC AA Preferred Stock would have been entitled upon such consolidation or merger; and, in such case, appropriate adjustment (as determined in good faith by the Board) shall be made in the application of the provisions in this Section 4 5 set forth with respect to the rights and interest thereafter of the holders of the Series CC AA Preferred Stock, to the end that the provisions set forth in this Section 4 5 (including provisions with respect to changes in and other adjustments of the Conversion 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 conversion of the Series CC AA Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metastorm Inc)

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