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 B.4(e) above) the Conversion 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)

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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 B.4(e) 2 above) the Conversion Rate 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: Activbiotics Inc

Adjustments for Reclassification and Reorganization. If the Common Stock 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 B.4(e(d) above) , the Conversion Rate then in effect Market Price 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 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 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 (Thaon Communications Inc)

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 B.4(e2(e) above) hereof), the Series B Conversion Rate 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/)

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Adjustments for Reclassification and Reorganization. If the Common Stock common stock issuable upon conversion redemption of the Series A Preferred Stock 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 B.4(e) above) otherwise, the Conversion Rate then in effect redemption rate shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A Preferred Stock Warrants shall be convertible into, in lieu of the number of shares of Common Stock 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 common stock that would have been subject to receipt by the holders upon conversion redemption of the Series A Preferred Stock Warrants immediately before that change.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aero Performance Products, Inc.)

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