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

Adjustment for Reorganization, Consolidation, Merger. In case of any recapitalization or reorganization of the Company or in case the Company shall consolidate with or merge into one or more other corporations or entities which results in a change of the Warrant Stock (each, a “Reorganization Event”), then, and in each such case, Registered Holder, upon the exercise of this Warrant after such Reorganization Event, shall be entitled to receive, in lieu of the stock or other securities and property that Registered Holder, would have been entitled to receive upon such exercise prior to such Reorganization Event, the stock or other securities or property which Registered Holder, would have been entitled to receive upon such Reorganization Event if, immediately prior to such Reorganization Event, Registered Holder, had completed such exercise of this Warrant, all subject to further adjustment as provided in this Warrant. If after such Reorganization Event the Warrant is exercisable for securities of a corporation or entity other than the Company, then such corporation or entity shall duly execute and deliver to Registered Holder, a supplement hereto acknowledging such corporation’s or other entity’s obligations under this Warrant, and in each such case the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after the consummation of such Reorganization Event.

Appears in 2 contracts

Samples: Warrant Agreement (Affirm Holdings, Inc.), Warrant Agreement (Affirm Holdings, Inc.)

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Adjustment for Reorganization, Consolidation, Merger. In case Subject to Section 2.3(c), in the event (i) of any recapitalization or reorganization of the Company Company, or in case (ii) that the Company shall consolidate with or merge into one or more other corporations or entities which results in a change of the Warrant Stock (each, a “Reorganization Event”), then, and in each such case, Registered Holder, upon the exercise of this Warrant after such Reorganization Event, Event shall be entitled to receive, in lieu of the stock or other securities and property that Registered Holder, Holder would have been entitled to receive upon such exercise prior to such Reorganization Event, the stock or other securities or property which Registered Holder, Holder would have been entitled to receive upon such Reorganization Event if, immediately prior to such Reorganization Event, Registered Holder, Holder had completed such exercise of this Warrant, all subject to further adjustment as provided in this Warrant. If after such Reorganization Event Event, the Warrant is exercisable for securities of a corporation or entity other than the Company, then such corporation or entity shall duly execute and deliver to Registered Holder, Holder a supplement hereto acknowledging such corporation’s or other entity’s obligations under this Warrant, ; and in each such case case, the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after the consummation of such Reorganization Event.

Appears in 2 contracts

Samples: Warrant Agreement (Force10 Networks Inc), Warrant Agreement (Force10 Networks Inc)

Adjustment for Reorganization, Consolidation, Merger. (a) In case of any recapitalization reclassification or reorganization of the Company or (b) in case the Company shall consolidate with or merge into one or more other corporations or entities which entities, in each case that results in a change the holders of the Warrant Stock Shares becoming entitled to receive stock or securities or property (in each case other than Warrant Shares) with respect to or in exchange for such Warrant Shares (each, a “Reorganization Event”), then, and in each such case, Registered the Holder, upon the exercise of this Warrant after such Reorganization Event, Event shall be entitled to receive, in lieu of the stock or other securities and property that Registered Holder, would have been entitled to receive upon such exercise prior to such Reorganization EventWarrant Shares, the stock or other securities or property which Registered Holder, the Holder would have been entitled to receive upon such Reorganization Event if, immediately prior to such Reorganization Event, Registered Holder, the Holder had completed such exercise of this Warrant, all subject to further adjustment as provided in this Warrant. If after such Reorganization Event Event, the Warrant is exercisable for securities of a corporation or entity other than the Company, then such corporation or entity shall duly execute and deliver to Registered Holder, the Holder a supplement hereto acknowledging such corporation’s or other entity’s obligations under this Warrant, ; and in each such case case, the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after the consummation of such Reorganization Event.

Appears in 1 contract

Samples: Warrant Agreement (ARKO Corp.)

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Adjustment for Reorganization, Consolidation, Merger. (a) In case of any recapitalization or reorganization of the Company or (b) in case the Company shall consolidate with or merge into one or more other corporations or entities which results in a change of the Warrant Stock Stock, in each case other than a Change of Control (each, a “Reorganization Event”), then, and in each such case, Registered Holder, upon the exercise of this Warrant after such Reorganization Event, shall be entitled to receive, in lieu of the stock or other securities and property that Registered Holder, Holder would have been entitled to receive upon such exercise prior to such Reorganization Event, the stock or other securities or property which Registered Holder, Holder would have been entitled to receive upon such Reorganization Event if, immediately prior to such Reorganization Event, Registered Holder, Holder had completed such exercise of this Warrant, all subject to further adjustment as provided in this Warrant. If after such Reorganization Event the Event, this Warrant is exercisable for securities of a corporation or entity other than the Company, then such corporation or entity shall duly execute and deliver to Registered Holder, Holder a supplement hereto acknowledging such corporation’s or other entity’s obligations under this Warrant, ; and in each such case case, the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after the consummation of such Reorganization Event.

Appears in 1 contract

Samples: Warrant Agreement (Graybug Vision, Inc.)

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