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

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i) and (ii) hereof, or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Titan Energy Worldwide, Inc.), Convertible Preferred Stock Purchase Agreement (Pioneer Power Solutions, Inc.)

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Adjustments for Reclassification, Exchange or Substitution. If the Common Stock for which this Warrant is exercisable at any time or from time to time after the Original Issue Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i) and (ii) hereofSection 3(a), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof3(c)), then, and in each event, an appropriate revision to the Conversion Warrant Price shall be made and provisions shall be made (by adjustments of the Conversion Warrant Price or otherwise) so that that, upon any subsequent exercise of this Warrant, the holder of each share of Series A-1 Convertible Preferred Stock Holder shall have the right thereafter to convert such share receive, in lieu of the Series A-1 Convertible Preferred Stock into Warrant Stock, the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into for which such share of the Series A-1 Convertible Preferred Stock might have been converted this Warrant was exercisable immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: NewEra Technology Development Co., LTD

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series CC Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i5(e)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof5(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible CC Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible CC Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible CC Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Securities Issuance and Exchange Agreement (Pressure Biosciences Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock Conversion Shares issuable upon conversion of the Series C-1 Preferred at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i5(e)(i) and and(ii), an Organic Change (iias defined below) hereof, or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv5(e)(v) hereofor a Liquidation Event or Deemed Liquidation Event), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible C-1 Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible C-1 Preferred Stock into the kind and amount of shares of stock and other securities receivable upon such reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock Conversion Shares into which such share of the Series A-1 Convertible C-1 Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Exchange Agreement, Consent and Waiver (Imageware Systems Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock at any time or from time to time after the Original Issuance Date shall be changed to the same or different number of shares or other securities of any class or classes of stockstock or other property, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends or other distributions provided for in Sections 5(d)(i3.3(a)(i), (ii) and (ii) hereof, or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iviii) hereof), then, and in each event, an appropriate revision to the Fixed Conversion Price shall be made and provisions shall be made (by adjustments of the Fixed Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock Holder shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock this Advance Note into the kind and amount of shares of stock and or other securities or other property receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible Preferred Stock Advance Note might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Pledge Agreement (Ascent Solar Technologies, Inc.)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock for which this Note shall be convertible at any time or from time to time after the date hereof shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i) and (ii) hereofSection 1.5(a), Section 1.5(b), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof1.5(d)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that that, upon any subsequent conversion of this Note, the holder of each share of Series A-1 Convertible Preferred Stock Holder shall have the right thereafter to convert such share receive, in lieu of the Series A-1 Convertible Preferred Stock into Conversion Shares, the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into for which such share of the Series A-1 Convertible Preferred Stock might have been converted this Note was convertible immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Fluoropharma Medical, Inc.

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of this Note at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i3.6(a)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof3.6(a)(v)), then, and in each event, an appropriate revision to the Conversion Price and the Alternative Conversion Price Floor shall be made and provisions shall be made (by adjustments of the Conversion Price and the Alternative Conversion Price Floor or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock Holder shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock this Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible Preferred Stock Note might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Satcon Technology Corp

Adjustments for Reclassification, Exchange or Substitution. If ---------------------------------------------------------- the Common Stock issuable upon conversion of the Notes at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i3.6(a)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof3.6(a)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock the Notes shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible Preferred Stock Note might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Vertel Corp

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Adjustments for Reclassification, Exchange or Substitution. If the Common Stock shall be changed Shares issuable upon conversion of the Series I Preferred Shares issuable upon the conversion of this Note at any time after the Issuance Date change to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i3.5(a)(i), 3.5(a)(ii) and (ii) hereof3.5(a)(iii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof3.5(a)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock Holder shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock this Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share Shares issuable upon the conversion of the Series A-1 Convertible I Preferred Stock might Shares into which this Note may have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: ChromaDex Corp.

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series B Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i5(c)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof5(c)(v)), then, and in each event, an appropriate revision to the Conversion Price Rate shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible B Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible B Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible B Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other changechange (without giving effect to the limitations set forth in Section 7 hereof), all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Securities Exchange Agreement (Neoprobe Corp)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock Conversion Shares issuable upon conversion of the Series A-1 Preferred at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i5(e)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof5(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock Conversion Shares into which such share of the Series A-1 Convertible Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Exchange Agreement, Consent and Waiver (Imageware Systems Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series A Preferred at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(d)(i4(e)(i), (ii) and (ii) hereofiii), or by a reorganization, merger, consolidation, or sale of assets other than as provided for in Section 5(d)(iv) hereof4(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series A-1 Convertible A Preferred Stock shall have the right thereafter to convert such share of the Series A-1 Convertible A Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of the Series A-1 Convertible A Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Exchange Agreement (ADVANCED MEDICAL ISOTOPE Corp)

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