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

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) above), then and in each such event the holder of each share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 5 contracts

Samples: Photogen Technologies Inc, Tannebaum Theodore, Scott Timothy PHD

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Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock Shares shall be changed into the same or a different number of shares Shares of any class or classes of stockShares, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares Shares or stock dividend distribution of Shares or other Securities provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then then, and in each such event event, the holder of each share of Series A Members, the Series B Preferred Stock Members and the Series C Members shall have the right thereafter to convert such share their Preferred Shares into the kind and amount of shares of stock Shares and other securities and property receivable upon such reorganization, reclassification, or other change, as would be received by holders owners of the number of shares of Common Stock Shares into which such shares of the Series A Preferred Shares, Series B Preferred Stock Shares and Series C Preferred Shares might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 4 contracts

Samples: Indemnification Agreement (China Rapid Finance LTD), Indemnification Agreement (China Rapid Finance LTD), Limited Liability Company Agreement (China Rapid Finance LTD)

Adjustment for Reclassification, Exchange, or Substitution. If In the event that at any time or from time to time after the Original Issue Date the Common Stock issuable upon the conversion of the Series B applicable Preferred Stock shall be changed into the same or a different number of shares of any class or classes series of stockstock or other securities or property, whether by capital reorganization, reclassification, recapitalization or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each share any shares of Series B the applicable Preferred Stock shall have the right thereafter to convert such share shares into the kind and amount of shares of stock and other securities and property receivable which such holder would have been entitled to receive upon such reorganization, reclassification, recapitalization or other change, change by holders the holder of a number of shares of Common Stock equal to the number of shares of Common Stock into which such shares of Series B the applicable Preferred Stock might have been converted immediately prior to such reorganization, reclassification, recapitalization or change, all subject to further adjustment as provided herein.

Appears in 4 contracts

Samples: Registration Rights Agreement (Genocea Biosciences, Inc.), Registration Rights Agreement (Genocea Biosciences, Inc.), Registration Rights Agreement (Genocea Biosciences, Inc.)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B C Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) above), then and in each such event the holder of each share of Series B C Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B C Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Class A Common Stock issuable upon the conversion of the Series B I Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B I Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable receivable, upon such reorganization, reclassification, or other change, by holders of the number of shares of Class A Common Stock into which such shares of Series B I Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Subscription Agreement (Wave Systems Corp), Subscription Agreement (Wave Systems Corp)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B C Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for in Section 3(c) abovebelow), then and in each such event event, the holder of each share of Series B Preferred Stock Share shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, change by holders of the number of shares of Common Stock into which such shares of Series B C Preferred Stock might have been converted immediately prior to such reorganization, reclassification, reclassification or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Producers Entertainment Group LTD), Securities Purchase Agreement (Producers Entertainment Group LTD)

Adjustment for Reclassification, Exchange, or Substitution. If In ---------------------------------------------------------- the event that at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Series B A Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B A Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Stock Restriction Agreement (Sequenom Inc), Stock Restriction Agreement (Sequenom Inc)

Adjustment for Reclassification, Exchange, or Substitution. If In ---------------------------------------------------------- the event that at any time or from time to time after the applicable Original Issue Date, the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each any share or shares of Series B Preferred Stock shall have the right thereafter to convert such share shares into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders the holder of a number of shares of Common Stock equal to the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Stock Restriction Agreement (Sequenom Inc), Stock Restriction Agreement (Sequenom Inc)

Adjustment for Reclassification, Exchange, or Substitution. If In ---------------------------------------------------------- the event that at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each any share or shares of Series B Preferred Stock shall have the right thereafter to convert such share shares into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders the holder of a number of shares of Common Stock equal to the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Stock Restriction Agreement (Sequenom Inc), Stock Restriction Agreement (Sequenom Inc)

Adjustment for Reclassification, Exchange, or Substitution. If In the event that at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes series of stockstock or other securities or property, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each share of Series B Preferred Stock shall have the right thereafter to convert such share shares into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders the holder of a number of shares of Common Stock equal to the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Loan and Security Agreement (AtriCure, Inc.), AtriCure, Inc.

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Ascent Pediatrics Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the shares of Common Stock issuable upon the conversion of the shares of Series B A Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend an event provided for above, or a reorganization, merger, consolidation, or sale of assets provided for elsewhere in Section 3(c) abovethis paragraph 3), then and in each such event the holder of each share of Series B A Preferred Stock shall have the right thereafter to convert such share into the kind and amount amounts of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the number of shares of Common Stock into which such shares of Series B A Preferred Stock might have been converted immediately prior to such reorganization, reclassification, reclassification or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock Shares issuable upon the conversion of the Series B A Preferred Stock Shares shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in this paragraph 5 of this Section 3(c) aboveI), then and in each such event the holder of each share of Series B A Preferred Stock Share shall have the right thereafter to convert each such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the maximum number of shares of Common Stock Shares into which such shares of Series B A Preferred Stock might Shares could have been converted immediately prior to such reorganization, reclassification, reclassification or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthplan Services Corp)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock Shares shall be changed into the same or a different number of shares of any class or classes of stockclass, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination consolidation of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow or pursuant to the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary), then and in each such event the holder of each share holders of Series B Preferred Stock V Special Shares shall have the right thereafter to convert such share shares into the kind and amount of shares of stock and other securities and property receivable receivable, upon such reorganization, reclassification, or other change, change that would have otherwise been receivable by the holders of the number of shares of Common Stock Shares into which such shares of Series B Preferred Stock might V Special Shares would have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Share Subscription Agreement (Pinnacle Entertainment Inc.)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B A Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B A Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Art Technology Group Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the shares of a21 Common Stock issuable upon the conversion exchange of the Series B shares of Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets or capital stock provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B Preferred Stock shall have the right thereafter to convert exchange such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of a21 Common Stock into for which such shares of Series B Preferred Stock might have been converted exchanged immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Exchange Agreement (A21 Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B A Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in Section 3(c) abovethis paragraph (f)), then and in each such event the holder Holder of each share of Series B A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the number of shares of Common Stock into which such shares of Series B A Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Voting Agreement (Diametrics Medical Inc)

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Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Convertible Series B Preferred Stock A at any time or from time to time after the Original Issue Date, shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend dividends provided for in paragraphs (iv)(4)(B) and (C) above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(cparagraph (iv)(4)(F) above)below, then then, and in each such event event, provisions shall be made (by adjustment to the Conversion Price or otherwise) so that the holder of each share of Convertible Series B Preferred Stock A shall have the right thereafter to convert such each share of Convertible Series A into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares share of Convertible Series B Preferred Stock A might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Cognigen Networks Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.. (h)

Appears in 1 contract

Samples: 30 Stock Purchase Agreement (Gatefield Corp)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in Section 3(c) abovethis paragraph (f)), then and in each such event the holder of each share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Registration Rights Agreement (Global Epoint Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B A Convertible Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B A Convertible Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B A Convertible Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Security Agreement (Health Fitness Corp /Mn/)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for in Section 3(c) abovebelow), then and in each such event the holder of each such share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Art Technology Group Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed at any time, or from time to time after the Original Issuance Date, into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in Section 3(c) abovethis paragraph (f)), then and in each such event the holder of each share of Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Voting Agreement (Diametrics Medical Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the A Common Stock issuable upon the conversion of the Series B Preferred Stock Notes shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or shares, stock dividend provided for aboveor reorganization, or a reorganizationreclassification, merger, consolidation, consolidation or asset sale of assets provided for elsewhere in this Section 3(c) above4), then and in each such event the holder of each share of Series B Preferred Stock Note (whether then outstanding or thereafter issued) shall have the right thereafter to convert such share Note into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares of A Common Stock into which all such shares of Series B Preferred Stock Notes might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided hereinherein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Gartner Group Inc

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B A Convertible Preferred Stock at any time or from time to time after the Series A Initial Issuance Date shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, in Section B(3) above or a reorganization, merger, consolidation, consolidation or sale of assets provided for in Section 3(cB(6) abovebelow), then then, and in each such event event, provision shall be made (by adjustment to the Conversion Rate or otherwise) so that the holder of each share of the Series B A Convertible Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, change by holders of the number of shares of Common Stock into which such shares of the Series B A Convertible Preferred Stock might have been converted immediately prior to such reorganization, reclassification, reclassification or change, all subject to further adjustment adjustments as provided herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (JELD-WEN Holding, Inc.)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Series B D Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in Section 3(c) abovethis paragraph (g)), then and in each such event the holder of each share of Series B D Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the number of shares of Common Stock into which such shares of Series B D Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Security Agreement (Eco2 Plastics Inc)

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock Shares issuable upon the conversion of the Series B Preferred Stock Shares shall be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for elsewhere in this paragraph 5 of this Section 3(c) aboveII), then and in each such event the holder of each share of Series B Preferred Stock Share shall have the right thereafter to convert each such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, by holders of the maximum number of shares of Common Stock Shares into which such shares of Series B Preferred Stock might Shares could have been converted immediately prior to such reorganization, reclassification, reclassification or change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthplan Services Corp)

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