Common use of Adjustments for Reclassification and Reorganization Clause in Contracts

Adjustments for Reclassification and Reorganization. If the Common Stock or Series C Preferred Stock, as applicable, issuable upon conversion of the Series D 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 division or combination of shares provided for in Section 7(a)), an Eligible Transferee’s or a Holder’s, as applicable, right to convert the Series D Preferred Stock then in effect shall, concurrently with the effectiveness of such transaction, be proportionately adjusted so that the Series D Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock or Series C Preferred Stock, as applicable, which such Eligible Transferee or Holder 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 that would have been subject to receipt by such Eligible Transferee or Holder upon conversion of the Series D Preferred Stock into Common Stock or Series C Preferred Stock, as applicable, immediately before that change.

Appears in 1 contract

Samples: Registration Rights Agreement (Community Financial Shares Inc)

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Adjustments for Reclassification and Reorganization. If or after the Original Issue Date the Common Stock or Series C Preferred Stock, as applicable, issuable upon conversion of the Series D 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 division subdivision or combination of shares provided for in Section 7(a)B.5.e. above or a merger or other reorganization referred to in Section B.2.e. above), an Eligible Transferee’s or a Holder’s, as applicable, right to convert the Series D respective Conversion Prices for any series of Preferred Stock then in effect shall, concurrently with the effectiveness of such transactionreorganization or reclassification, be proportionately adjusted so that the Series D AA Preferred Stock, Series BB Preferred Stock or Series CC Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock or Series C Preferred Stock, as applicable, which such Eligible Transferee or Holder that 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 such shares of Common Stock that would have been subject to receipt by such Eligible Transferee or Holder the holders upon conversion of the Series D AA Preferred Stock into Common Stock, Series BB Preferred Stock or Series C CC Preferred Stock, as applicablerespectively, immediately before that change.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Kranem Corp)

Adjustments for Reclassification and Reorganization. If the Common Stock or Series C Preferred Stock, as applicable, issuable upon conversion of the Series D E Preferred Stock and the Series F 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 division subdivision or combination of shares provided for in Section 7(a)subparagraph 4.c(3)(f) above), an Eligible Transferee’s or a Holder’sthe Series E Conversion Price and the Series F Conversion Price, as applicableappropriate, right to convert the Series D Preferred Stock then in effect shall, concurrently with the effectiveness of such transactionreorganization or reclassification, be proportionately adjusted so that the Series D E Preferred Stock and the Series F Preferred Stock, as appropriate, shall be convertible into, in lieu of the number of shares of Common Stock or Series C Preferred Stock, as applicable, which such Eligible Transferee or Holder 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 such shares Common Stock that would have been subject to receipt by such Eligible Transferee or Holder the holders upon conversion of the Series D E Preferred Stock into Common Stock or and the Series C F Preferred Stock, as applicableappropriate, immediately before that change.

Appears in 1 contract

Samples: Purchase Agreement (Il Fornaio America Corp)

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Adjustments for Reclassification and Reorganization. If the Common Stock or Series C Preferred Stock, as applicable, issuable upon conversion of the Series D E 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 division or combination of shares provided for in Section 7(a)), an Eligible Transferee’s or a Holder’s, as applicable, right to convert the Series D E Preferred Stock then in effect shall, concurrently with the effectiveness of such transaction, be proportionately adjusted so that the Series D E Preferred Stock shall be convertible into, in lieu of the number of shares of Common Stock or Series C Preferred Stock, as applicable, which such Eligible Transferee or Holder 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 that would have been subject to receipt by such Eligible Transferee or Holder upon conversion of the Series D E Preferred Stock into Common Stock or Series C Preferred Stock, as applicable, immediately before that change.

Appears in 1 contract

Samples: Registration Rights Agreement (Community Financial Shares Inc)

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