Common use of Adjustment for Mergers, Consolidations, Etc Clause in Contracts

Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Company or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, this Debenture will be convertible into the kind and amount of securities, cash and other property which the holder of the Debenture would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture immediately prior to the occurrence of such event. (ii) In case of any capital reorganization, reclassification of the stock of the Company (other than a change in par value or as a result of a stock dividend, subdivision, split up or combination of shares), this Debenture shall be convertible into the kind and number of shares of stock or other securities or property of the Company to which the holder of the Debenture would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture immediately prior to the occurrence of such event. The provisions of the foregoing sentence shall similarly apply to successive reorganizations, reclassifications, consolidations, exchanges, leases, transfers or other dispositions or other share exchanges.

Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Company Borrower or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, this Debenture the Debentures will be convertible into the kind and amount of securities, cash and other property which the holder of the Debenture Debentures would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture Debentures immediately prior to the occurrence of such event. (ii) In case of any capital reorganization, reclassification of the stock of the Company Borrower (other than a change in par value or as a result of a stock dividend, subdivision, split up or combination of shares), this Debenture shall be convertible into the kind and number of shares of stock or other securities or property of the Company Borrower to which the holder of the Debenture would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture immediately prior to the occurrence of such event. The provisions of the immediately foregoing sentence shall similarly apply to successive reorganizations, reclassifications, consolidations, exchanges, leases, transfers or other dispositions or other share exchanges.

Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Company Borrower or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, this Debenture the Debentures will be convertible into the kind and amount of securities, cash and other property which the holder of the Debenture Debentures would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture Debentures immediately prior to the occurrence of such event. (ii) In case of any capital reorganization, reclassification of the stock of the Company Topro, Inc. (other than a change in par value or as a result of a stock dividend, subdivision, split up or combination of shares), this Debenture shall be convertible into the kind and number of shares of stock or other securities or property of the Company Topro, Inc. to which the holder of the Debenture would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Debenture immediately prior to the occurrence of such event. The provisions of the these foregoing sentence shall similarly apply to successive reorganizations, reclassifications, consolidations, exchanges, leases, transfers or other dispositions or other share exchanges.