Common use of Adjustment for Reclassification, Exchange and Substitution Clause in Contracts

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Note is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 6), in any such event the Holder shall have the right thereafter to convert this Note for the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which this Note could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 3 contracts

Samples: Egan Michael S, Theglobe Com Inc, Theglobe Com Inc

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Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Date of Original Issue DateIssue, the Common Stock issuable upon the conversion of the this Note is changed into the same or a different number of shares of any class or classes series of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares reverse stock split or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 65), then in any such event the Holder Purchaser shall have the right thereafter to convert this Note for into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which this Note could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Samples: Private Placement Subscription Agreement (Counterpath Solutions, Inc.), Bulldog Technologies Inc

Adjustment for Reclassification, Exchange and Substitution. If Subject to the Conversion Cap, if at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Note is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 65), in any such event the Holder of the Convertible Note shall have the right thereafter to convert this such Note for into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which this the Note could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Stockholders Agreement (Singer Brad C)

Adjustment for Reclassification, Exchange and Substitution. If In the event that at any time or from time to time after the Original Issue Datedate hereof, the Common Stock issuable upon the conversion of the Note Notes is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets assets, provided for elsewhere in this Section 6), then and in any such event the Holder each holder of a Note shall have the right thereafter to convert this such Note for into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change change, by holders of the maximum number of shares of Common Stock into which this such Note could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereofherein.

Appears in 1 contract

Samples: Cfi Proservices Inc

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue DateDate of Issuance, the Common Stock Shares issuable upon the conversion of the this Note is changed into the same or a different number of shares of any class or classes series of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 69), then in any such event the Holder shall have the right thereafter to convert this Note for into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock Shares into which this Note could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein in this Note or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Distributed Energy Systems Corp)

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Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Date of Original Issue DateIssue, the Common Stock Shares issuable upon the conversion of the Note Warrants is changed into the same or a different number of shares of any class or classes series of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Section 64.4), then in any such event the Holder shall have the right thereafter to convert this Note exercise the Warrants for the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock Shares into which this Note the Warrants could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Warrant Issuance Agreement (Megawest Energy Corp.)

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Note Series A Stock is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend Liquidating Sale or a reorganization, merger, consolidation or sale of assets transaction provided for elsewhere in this Section 64), in any such event the Holder each holder of Series A Stock shall have the right thereafter to convert this Note for such stock into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which this Note such shares of Series A Stock could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Investor Rights Agreement (Futurelink Corp)

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