Common use of Adjustments for Reclassification and Reorganization Clause in Contracts

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion of the Series A 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 Section 2(e) hereof), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the 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 holders upon conversion of the Series A Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Stock Purchase Agreement (Paradigm Technology Inc /De/)

AutoNDA by SimpleDocs

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion of the Series A B 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 Section 2(e) hereof), the Series B Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A B Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the 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 holders upon conversion of the Series A B Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Stock Purchase Agreement (Paradigm Technology Inc /De/)

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion of the Series A C 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, consolidation, reclassification or otherwise (other than a subdivision division or combination of shares provided for in Section 2(e) hereof7(a)), a Holder’s right to convert the Conversion Price Series C Preferred Stock into Common Stock then in effect shall, concurrently with the effectiveness of such reorganization or reclassificationtransaction, be proportionately adjusted so that the Series A C Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the holders 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 such shares of Common Stock that would have been subject to receipt by the holders such Holder upon conversion of the Series A C Preferred Stock into Common Stock immediately before that change.

Appears in 1 contract

Samples: Securities Purchase Agreement (Community Financial Shares Inc)

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion of the Series A C 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 Section 2(e) hereof), the Series C Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A C Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the 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 holders upon conversion of the Series A C Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Stock Purchase Agreement (Paradigm Technology Inc /De/)

AutoNDA by SimpleDocs

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion exercise of the Series A Preferred Stock these Warrants 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 2(e2 above) hereof), the Conversion Purchase Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A Preferred Stock these Warrants shall thereafter be convertible into, in lieu of the number of shares of Common Stock which the 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 received by the holders upon conversion of the Series A B Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Warrant Agreement (Activbiotics Inc)

Adjustments for Reclassification and Reorganization. If the Common --------------------------------------------------- Stock issuable upon conversion of the Series A 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 Section 2(eB.4(e) hereof), above) the Conversion Price Rate then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock which the 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 holders upon conversion of the Series A Preferred Stock immediately before that change.

Appears in 1 contract

Samples: Stock Purchase Agreement (Webb Interactive Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!