Common use of Adjustments for Reclassification and Reorganization Clause in Contracts

Adjustments for Reclassification and Reorganization. If the Common Stock issuable hereunder shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.3(d) above) the applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Loans under this Agreement shall be convertible into, in lieu of the number of shares of Common Stock which the Lender would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Lender upon conversion of the Loans immediately before that change.

Appears in 2 contracts

Samples: Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc), Secured Convertible Credit Facility and Security Agreement (Reed John E)

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Adjustments for Reclassification and Reorganization. If the Common Stock issuable hereunder shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.3(d3(d) above) ), the applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Loans Convertible Note under this Agreement shall be convertible into, in lieu of the number of shares of Common Stock which the Lender O'Donnell would otherwise have been entitled to receive, a number of shares numbxx xx xxxres of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Lender O'Donnell upon conversion of the Loans Convertible Note immediately before that xxxxxx xxat change.

Appears in 2 contracts

Samples: Convertible Note Agreement (Carecentric Inc), Convertible Note Agreement (Carecentric Inc)

Adjustments for Reclassification and Reorganization. If the Common Stock issuable hereunder upon conversion of a Note shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.3(d) above) 11(c)), then the applicable Conversion Price Price, as then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Loans under this Agreement Note shall be convertible into, or in lieu of the number of shares of Common Stock which that the Lender Payees would have otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Lender Payees upon conversion of the Loans Notes immediately before that change.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (American Water Star Inc)

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Adjustments for Reclassification and Reorganization. If the Common Stock issuable hereunder upon conversion of the Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in paragraph (f) of this Section 9.3(d) above) 3), the applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Loans under this Agreement Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the Lender holders would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Lender holders upon conversion of the Loans Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Agreement (Projectavision Inc)

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