Common use of Adjustments for Capital Reorganization or Reclassification Clause in Contracts

Adjustments for Capital Reorganization or Reclassification. If any capital reorganization or reclassification of the capital stock of the Company shall be effected, then, as a condition of such capital reorganization or reclassification, lawful and adequate provision shall be made whereby the holder hereof shall thereafter have the right to purchase and receive upon the basis and upon the terms and conditions specified in this Warrant, in lieu of shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby, those shares of stock, securities or assets which would have been issued or payable with respect to or in exchange for the Common Stock issuable upon exercise of this Warrant had this Warrant been exercised immediately prior to the record date (or the effective date, as the case may be) for such capital reorganization or reclassification.

Appears in 3 contracts

Samples: Spectra Systems Corp, Spectra Systems Corp, Spectra Systems Corp

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Adjustments for Capital Reorganization or Reclassification. If any capital reorganization or reclassification of the capital stock of the Company shall be effectedis effected (other than an Acquisition, as defined below), then, as a condition of such capital reorganization or reclassification, lawful and adequate provision shall be made whereby the holder hereof Registered Holder shall thereafter have the right to purchase and receive upon the basis and upon the terms and conditions specified in this Warrant, in lieu of shares of Common Warrant Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby, those shares of stock, securities or assets which would have been issued or payable with respect to or in exchange for the Common Warrant Stock issuable upon exercise of this Warrant had this Warrant been exercised immediately prior to the record date (or the effective date, as the case may be) for such capital reorganization or reclassification.

Appears in 3 contracts

Samples: Distribution Agreement (Photoelectron Corp), Photoelectron Corp, Nomikos Peter

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Adjustments for Capital Reorganization or Reclassification. If any capital reorganization or reclassification of the capital stock of the Company shall be effected, then, as a condition of such capital reorganization or reclassification, lawful and adequate provision shall be made whereby the holder Holder hereof shall thereafter have the right to purchase and receive upon the basis and upon the terms and conditions specified in this Warrant, in lieu of shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby, those shares of stock, securities or assets which would have been issued or payable with respect to or in exchange for the Common Stock issuable upon exercise of this Warrant had this Warrant been exercised immediately prior to the record date (or the effective date, as the case may be) for such capital reorganization or reclassification.

Appears in 1 contract

Samples: Spectra Systems Corp

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