Common use of Adjustment for Reorganizations, Reclassifications and Other Changes Clause in Contracts

Adjustment for Reorganizations, Reclassifications and Other Changes. If the Common Stock issuable upon the exercise of this Warrant 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 merger, consolidation or sale of assets as provided in Section 3.4 below, or a subdivision or combination of shares or stock dividend provided for in Section 3.1 above, or a reorganization provided for in Section 3.4 below), then and in each such event the holder of this Warrant shall have the right thereafter to convert this Warrant into the kind and amounts 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 this Warrant 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: Common Stock Purchase Warrant (Integrated Business Systems & Services Inc), Common Stock Purchase Warrant (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc)

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Adjustment for Reorganizations, Reclassifications and Other Changes. If the ------------------------------------------------------------------- Common Stock issuable upon the exercise of this Warrant 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 merger, consolidation or sale of assets as provided in Section 3.4 below, or a subdivision or combination of shares or stock dividend provided for in Section 3.1 above, or a reorganization provided for in Section 3.4 below), then and in each such event the holder of this Warrant shall have the right thereafter to convert this Warrant into the kind and amounts 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 this Warrant 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: Warrant Agreement (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc)

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