Common use of Adjustment for Reorganization, Consolidation, Merger Clause in Contracts

Adjustment for Reorganization, Consolidation, Merger. (a) In case of any reorganization of the Company (or any other corporation the stock or other securities of which are receivable on the exercise of the Warrant) after the date on which this Warrant is first issued (the "Issuance Date"), or in case, after such date, the Company (or any such other corporation) shall consolidate with or merge into another corporation or convey all or substantially all of its assets to another corporation, then and in each such case the Warrantholder, upon exercise of the Warrant as provided in Section 1.2 hereof at any time after the consummation of such reorganization, consolidation, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise of the Warrant prior to such consummation, the stock or other securities or property to which the Warrantholder would have been entitled upon such consummation if the Warrantholder had exercised or converted the Warrant immediately prior thereto; in each such case, the terms of this Warrant, including the exercise provisions of Section 1.2, shall be applicable to the shares of stock or other securities or property receivable upon the exercise or conversion of the Warrant after such consummation.

Appears in 9 contracts

Samples: Natural Wonders Inc, Natural Wonders Inc, Natural Wonders Inc

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Adjustment for Reorganization, Consolidation, Merger. (a) In case of ---------------------------------------------------- any reorganization of the Company (or any other corporation the stock or other securities of which are at the time receivable on the exercise of the this Warrant) after the date on which this Warrant is first issued (the "Issuance Issue Date"), or in case, after such date, the Company (or any such other corporation) shall consolidate with or merge into another corporation or convey all or substantially all of its assets to another corporation, then and in each such case the WarrantholderHolder of this Warrant, upon the exercise of the Warrant hereof as provided in Section 1.2 hereof 1 at any time after the consummation of such reorganization, consolidation, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise of the this Warrant prior to such consummation, the stock or other securities or property to which such Holder would be entitled had the Warrantholder would have been entitled upon such consummation if the Warrantholder had Holder exercised or converted the this Warrant immediately prior thereto, all subject to further adjustment as provided herein; in each such case, the terms of this Warrant, including the exercise provisions of Section 1.2, Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise or conversion of the this Warrant after such consummation.

Appears in 6 contracts

Samples: Agreement Regarding Cancellation of Indebtedness (Amdl Inc), Agreement Regarding Cancellation of Indebtedness (Amdl Inc), Agreement Regarding Cancellation of Indebtedness (Amdl Inc)

Adjustment for Reorganization, Consolidation, Merger. (a) In case of any reorganization of the Company (or any other corporation the stock or other securities or property of which are at the time receivable on the exercise of the this Warrant) after the date on which this Warrant is first issued (the "Issuance Date"), Issue Date or in case, after such datethe Issue Date, the Company (or any such other corporation) shall consolidate with or merge with or into another corporation or convey all or substantially all of its assets to another corporation, then and in each such case the Warrantholderholder of this Warrant, upon the exercise of the Warrant hereof as provided in Section 1.2 hereof 3 at any time after the consummation of such reorganization, consolidation, merger or conveyance, shall be entitled to receive, in lieu of the stock Common Stock or other securities and or property receivable upon the exercise of the this Warrant prior to such consummation, the stock or other securities or property to which the Warrantholder such holder would have been entitled upon such consummation if the Warrantholder such holder had exercised or converted the this Warrant immediately prior theretothereto and received Common Stock or such other securities or property at the time receivable upon the exercise of this Warrant, all subject to further adjustment as provided in Section 6; in each such case, the terms of this Warrant, including the exercise provisions of Section 1.2, Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise or conversion of the this Warrant after such consummation.

Appears in 4 contracts

Samples: Warrant And (World Wide Magic Net Inc), Warrant And (World Wide Magic Net Inc), Warrant And (World Wide Magic Net Inc)

Adjustment for Reorganization, Consolidation, Merger. (a) In case the event of any reorganization of the Company (or any other corporation the stock or other securities of which are at the time receivable on the exercise of the this Warrant) after the date on which this Warrant is first issued (the "Issuance Date")issue date, or in case, after such date, the Company (or any such other corporation) shall consolidate consolidates or merges with or merge into another corporation (including any merger in which the Company is the survivor) or convey conveys all or substantially all of its assets to another corporation, then and in each such case the WarrantholderHolder of this Warrant, upon the exercise of the Warrant hereof as provided in Section 1.2 hereof 1 at any time after the consummation of such reorganization, consolidation, merger or conveyance, shall will be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise of the this Warrant prior to such consummation, the stock or other securities or property to which such Holder would be entitled had the Warrantholder would have been entitled upon such consummation if the Warrantholder had Holder exercised or converted the this Warrant immediately prior thereto, all subject to further adjustment as provided herein; in each such case, the terms of this Warrant, including the exercise provisions of Section 1.2, shall Warrant will be applicable to the shares of stock or other securities or property receivable upon the exercise or conversion of the this Warrant after such consummation.

Appears in 2 contracts

Samples: Petro Resources Corp, Petro Resources Corp

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Adjustment for Reorganization, Consolidation, Merger. (a) In case of any reorganization of the Company (or any other corporation the stock or other securities of which are at the time receivable on the exercise of the Warrant) after the date on which this Warrant is first issued (the "Issuance Date"), or in case, after such date, the Company (or any such other corporation) shall consolidate with or merge into another corporation or convey all or substantially all of its assets to another corporation, then and in each such case the Warrantholder, upon exercise of the Warrant as provided in Section 1.2 hereof at any time after the consummation of such reorganization, consolidation, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise of the Warrant prior to such consummation, the stock or other securities or property to which the Warrantholder would have been entitled upon such consummation if the Warrantholder had exercised or converted the Warrant immediately prior thereto; in each such case, the terms of this Warrant, including the exercise provisions of Section Sections 1.2, shall be applicable to the shares of stock or other securities or property receivable upon the exercise or conversion of the Warrant after such consummation.

Appears in 1 contract

Samples: Anchor Pacific Underwriters Inc

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