Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Shares 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 above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference Shares immediately before that change would have been changed into.
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Samples: Shareholders Agreement, Shareholders’ Agreement (Noah Education Holdings Ltd.), Shareholders’ Agreement (Noah Education Holdings Ltd.)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Series A Shares shall be changed into the same or a different number of shares of any other class or classes of stockshares, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the holder of each Series A Conversion Price then in effect shall, concurrently with Share shall have the effectiveness right thereafter to convert such share into the kind and amount of shares and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu reclassification or other change by holders of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference the Series A Shares immediately before that change would have been changed intochange, all subject to further adjustment as provided herein.
Appears in 2 contracts
Samples: Shareholders Agreement (China Distance Education Holdings LTD), Shareholders Agreement (China Distance Education Holdings LTD)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Shares Common 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 aboveabove or in connection with a merger of the Company as provided in Section 8 below), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, this Warrant shall be proportionately adjusted such that upon exercise, the Preference Shares Holder shall be convertible intoreceive, in lieu of the number of Ordinary Shares 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 such other class or classes of stock into which Common Stock that the Ordinary Shares that Holder would have received had this Warrant been subject to receipt by the holders of Preference Shares upon conversion of such Preference Shares exercised immediately before that change would have been changed intochange.
Appears in 2 contracts
Samples: Photoworks Inc /Wa, Photoworks Inc /Wa
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares Class A Common Stock issuable upon conversion of the Preference Shares 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, reclassification or otherwise (other than a subdivision or combination of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Preference Shares Series A Preferred Stock shall be convertible into, in lieu of the number of Ordinary Shares shares of Class A 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 such other class or classes of stock into which the Ordinary Shares thereof that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference Shares the Series A Preferred Stock immediately before that change would have been changed intochange.
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Samples: Agreement of Merger and Plan of Reorganization (Accentia Biopharmaceuticals Inc)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Series A Shares shall be changed into the same or a different number of shares of any other class or classes of stockshares, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the holder of each share of Series A Conversion Price then in effect shall, concurrently with Shares shall have the effectiveness right thereafter to convert such share into the kind and amount of shares and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu reclassification or other change by holders of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference the Series A Shares immediately before that change would have been changed intoall subject to further adjustment as provided herein.
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Samples: Series a Preferred Share Purchase Agreement (Le Gaga Holdings LTD)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares Common Stock issuable upon conversion of the Preference Shares Series A Preferred 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, reclassification or otherwise (other than a subdivision or combination of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Preference Shares Series A Preferred shall be convertible into, in lieu of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares Common Stock that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference Shares the Series A Preferred immediately before that change would have been changed intochange.
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Samples: Registration Rights Agreement (Pala Investments Holdings LTD)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Series A Shares shall be changed into the same or a different number of shares of any other class or classes of stockshares, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the Series A Conversion Price then in effect shall, concurrently with Shareholders shall have the effectiveness right thereafter to convert such share into the kind and number of shares and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu reclassification or other change by holders of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference Series A Shares immediately before that change would have been changed intochange, all subject to further adjustment as provided herein.
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Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Common Shares issuable upon conversion of the Preference Shares Convertible Note shall be changed into the same or a different number of shares of any other class or classes of stockshares, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination or consolidation of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Preference Shares Convertible Note shall be convertible into, in lieu of the number of Ordinary Common Shares which the holders would otherwise have been entitled to receive, a number of shares of such other class or classes of stock shares equivalent to the number of shares of such other class or classes of stock shares in the capital of the Company into which the Ordinary Common Shares that would have been subject to receipt by the holders of Preference Shares Noteholder upon conversion of such Preference Shares Convertible Note immediately before that change would have been changed intoeffected.
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Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Preferred Shares shall be changed into the same or a different number of shares of any other class or classes or series of stockshares, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the Series A Conversion Price then in effect shall, concurrently with holder of each Preferred Share shall have the effectiveness right thereafter to convert such share into the kind and amount of shares and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu reclassification or other change by holders of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference the Preferred Shares immediately before that change would have been changed intochange, all subject to further adjustment as provided herein.
Appears in 1 contract
Samples: Fourth Amended and Restated Shareholders Agreement (I-Mab)
Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares issuable upon conversion of the Preference Series A Preferred Shares shall be changed into the same or a different number of shares of any other class or classes of stockshares, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the holder of each Series A Conversion Price then in effect shall, concurrently with Preferred Share shall have the effectiveness right thereafter to convert such share into the kind and amount of shares and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Preference Shares shall be convertible into, in lieu reclassification or other change by holders of the number of Ordinary Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference the Series A Preferred Shares immediately before that change would have been changed intochange, all subject to further adjustment as provided herein.
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Adjustments for Reclassification, Exchange and Substitution. If the Ordinary Shares Common Stock issuable upon conversion of the Preference Shares 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, reclassification or otherwise (other than a subdivision or combination of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassificationreclassification or similar transaction, be proportionately adjusted such that the Preference Shares shares of Series A Preferred Stock shall be convertible into, in lieu of the number of Ordinary Shares which shares of Common Stock 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 shares of such other class or classes of stock into which the Ordinary Shares Common Stock that would have been subject to receipt by the holders of Preference Shares upon conversion of such Preference Shares the shares of Series A Preferred Stock immediately before that change would have been changed intochange.
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Adjustments for Reclassification, Exchange and Substitution. If To the Ordinary extent permitted by the applicable law, if the Common Shares issuable upon conversion of the Preference Series A Preferred Shares shall be changed into the same or a different number of shares of any other class or classes of stockclasses, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Preference Series A Preferred Shares shall be convertible into, in lieu of the number of Ordinary Common Shares 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 such other class or classes of stock into which the Ordinary Shares that would have been subject to receipt receivable by the holders of Preference Series A Preferred Shares upon conversion of such Preference if they had converted their Series A Preferred Shares into Common Shares immediately before that change would have been changed intochange.
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