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

Adjustment for Reclassification, Exchange, or Substitution. If the Common Shares shall be changed into the same or a different number of Shares of any class or classes of Shares, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of Shares or distribution of Shares or other Securities provided for above, or a reorganization, merger, consolidation, or sale of assets provided for below), then, and in each such event, the Series A Members, the Series B Members and the Series C Members shall have the right thereafter to convert their Preferred Shares into the kind and amount of Shares and other securities and property receivable upon such reorganization, reclassification, or other change, as would be received by owners of the number of Common Shares into which the Series A Preferred Shares, Series B Preferred 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: Series C Preferred Share Purchase Agreement (China Rapid Finance LTD), Series C Preferred Share Purchase Agreement (China Rapid Finance LTD), Series C Preferred Share Purchase Agreement (China Rapid Finance LTD)

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Adjustment for Reclassification, Exchange, or Substitution. If the Common Shares issuable upon the conversion of the Series B Preferred Shares shall be changed into the same or a different number of Shares shares of any class or classes of Sharesstock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of Shares shares or distribution of Shares or other Securities stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for belowelsewhere in this paragraph 5 of this Section II), then, then and in each such event, event the Series A Members, the holder of each Series B Members and the Series C Members Preferred Share shall have the right thereafter to convert their Preferred Shares each such share into the kind and amount of Shares shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, as would be received by owners holders of the maximum number of Common Shares into which the Series A Preferred Shares, such Series B Preferred Shares and Series C Preferred Shares might 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 Shares shall be changed into the same or a different number of Shares shares of any class or classes of Sharesclass, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination consolidation of Shares shares or distribution of Shares or other Securities stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets provided for belowbelow or pursuant to the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary), then, then and in each such event, the event holders of Series A Members, the Series B Members and the Series C Members V Special Shares shall have the right thereafter to convert their Preferred Shares such shares into the kind and amount of Shares shares and other securities and property receivable receivable, upon such reorganization, reclassification, or other change, as change that would be received have otherwise been receivable by owners the holders of the number of Common Shares into which the such Series A Preferred Shares, Series B Preferred V Special Shares and Series C Preferred Shares might 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.)

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Adjustment for Reclassification, Exchange, or Substitution. If the Common Shares issuable upon the conversion of the Series A Preferred Shares shall be changed into the same or a different number of Shares shares of any class or classes of Sharesstock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of Shares shares or distribution of Shares or other Securities stock dividend provided for above, or a reorganization, merger, consolidation, consolidation or sale of assets provided for belowelsewhere in this paragraph 5 of this Section I), then, then and in each such event, event the holder of each Series A Members, the Series B Members and the Series C Members Preferred Share shall have the right thereafter to convert their Preferred Shares each such share into the kind and amount of Shares shares of stock and other securities and property receivable upon such reorganization, reclassification, reclassification or other change, as would be received by owners holders of the maximum number of Common Shares into which the such Series A Preferred Shares, Series B Preferred Shares and Series C Preferred Shares might 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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