Common use of Adjustment for Mergers or Reorganizations, etc Clause in Contracts

Adjustment for Mergers or Reorganizations, etc. If there shall occur any reorganization, recapitalization, consolidation or merger involving the Company in which the Common Stock is converted into or exchanged for securities, cash or other property (other than a transaction covered by subsections 2(a) or 2(b)), then, following any such reorganization, recapitalization, consolidation or merger, the Registered Holder shall receive upon exercise hereof the kind and amount of securities, cash or other property which the Registered Holder would have been entitled to receive if, immediately prior to such reorganization, recapitalization, consolidation or merger, the Registered Holder had held the number of shares of Common Stock subject to this Warrant ("Substituted Property"). In the event that the Company is not the acquiring or surviving entity in such transaction, then the acquiror or survivor, at its option, may repurchase this Warrant, effective not later than the effective date of the acquisition, merger or other transaction, by issuing the Holder the Substituted Property which would have been issuable if the Holder had chosen to exercise this Warrant in full using the exercise method described in Section 1(b), above, at the time of the repurchase.

Adjustment for Mergers or Reorganizations, etc. If there shall occur any reorganization, recapitalization, consolidation consolidation, merger or merger any similar corporate reorganization involving the Company (or any other corporation the stock or securities of which are receivable upon the exercise of this Warrant) in which the Common Stock is converted into or exchanged for securities, cash or other property (other than a transaction covered by subsections 2(a) or 2(b)), then, following any such reorganization, recapitalization, consolidation or merger, the Registered Holder shall receive upon the exercise hereof the kind and amount of securities, cash or other property which the Registered Holder would have been entitled to receive if, immediately prior to such reorganization, recapitalization, consolidation or merger, the Registered Holder had held the number of shares of Common Stock subject to this Warrant ("Substituted Property"). In the event that the Company is not the acquiring or surviving entity in such transaction, then the acquiror acquirer or survivor, at its option, may repurchase this Warrant, effective not later than the effective date of the acquisition, merger or other transaction, by issuing the Holder the Substituted Property which would have been issuable if the Holder had chosen to exercise this Warrant in full using the exercise method described in Section 1(b), above, at the time of the repurchase.

Adjustment for Mergers or Reorganizations, etc. If there shall occur any reorganization, recapitalization, consolidation or merger involving the Company in which the Common Stock is converted into or exchanged for securities, cash or other property (other than a transaction covered by subsections 2(a) or 2(b)), then, following any such reorganization, recapitalization, consolidation or merger, the Registered Holder shall receive upon exercise hereof the kind and amount of securities, cash or other property which the Registered Holder would have been entitled to receive if, immediately prior to such reorganization, recapitalization, consolidation or merger, the Registered Holder had held the number of shares of Common Stock subject to this Warrant ("Substituted Property"). In the event that the Company is not the acquiring or surviving entity in such transaction, then the acquiror or survivor, at its option, may repurchase this Warrant, effective not later than the effective date of the acquisition, merger merger, or other transaction, by issuing to the Holder the Substituted Property which would have been issuable if the Holder had chosen to exercise this Warrant in full using the exercise method described in Section 1(b), above, at the time of the repurchase.