Common use of Adjustments for Reclassification, Exchange and Substitution Clause in Contracts

Adjustments for Reclassification, Exchange and Substitution. If the 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 or shares provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note shall be convertible into, in lieu of the number of shares of Common Stock which the 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 shares of Common Stock that would have been subject to receipt by the Holder upon conversion of this Note immediately before that change.

Appears in 6 contracts

Samples: Secured Convertible Promissory Note (RS Properties I LLC), Secured Convertible Promissory Note (Sands Brothers Venture Capital Ii LLLC), Secured Convertible Promissory Note (Sands Brothers Venture Capital Ii LLLC)

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Adjustments for Reclassification, Exchange and Substitution. If the 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 reclassification, or otherwise (other than a subdivision or combination or of shares provided for aboveabove or in connection with a merger of the Company as provided in Section 8 below), the 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 Common Stock issuable upon conversion of this Note Holder shall be convertible intoreceive, in lieu of the number of shares of Common Stock which the Holder 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 the Holder would have received had this Warrant been subject to receipt by the Holder upon conversion of this Note exercised immediately before that change.

Appears in 2 contracts

Samples: Warrant Agreement (Photoworks Inc /Wa), Warrant Agreement (Photoworks Inc /Wa)

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series B 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 or otherwise (other than a subdivision or combination or of shares provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note Series B Preferred shall be convertible into, in lieu of the number of shares of Common Stock which the Holder 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 Holder holders upon conversion of this Note the Series B Preferred immediately before that change.

Appears in 2 contracts

Samples: Series B Preferred Stock Purchase Agreement (Agilent Technologies Inc), Series B Preferred Stock Purchase Agreement (Agilent Technologies Inc)

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable 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 reclassification, or otherwise (other than a subdivision or combination or 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 Common Preferred Stock issuable upon conversion of this Note shall be convertible into, in lieu of the number of shares of Common Stock which the Holder 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 Holder upon conversion of this Note immediately before that change.would

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Adknowledge Inc)

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Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Loan 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 reclas sification or otherwise (other than a subdivision or combination or of shares provided for above), the applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note Loan shall be convertible into, in lieu of the number of shares of Common Stock which the Holder Lenders 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 Holder Lenders upon conversion of this Note the Loan immediately before that change.

Appears in 1 contract

Samples: Loan Agreement (Euroventures Benelux I B V)

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