Common use of Adjustments for Reorganization, Merger, Consolidation or Sales of Assets Clause in Contracts

Adjustments for Reorganization, Merger, Consolidation or Sales of Assets. If at any time or from time to time after the Issuance Date there shall be a capital reorganization of the Corporation (other than by way of a stock split or combination of shares or stock dividends or distributions provided for in Sections 6.c.i, 6.c.ii, 6.c.iii, or a reclassification, exchange or substitution of shares provided for in Section 6.c.v), or a merger or consolidation of the Corporation with or into another corporation, or the sale of all or substantially all of the Corporation’s properties or assets to any other person that is not deemed a liquidation pursuant to Section 4.b (an “Organic Change”), then as a part of such Organic Change an appropriate revision to the Conversion Rate shall be made and provision shall be made so that the holder of each share of Series F Preferred Stock shall have the right thereafter to convert such share of Series F Preferred Stock into the kind and amount of shares of stock and other securities or property of the Corporation or any successor corporation resulting from the Organic Change as the holder would have received as a result of the Organic Change and if the holder had converted its Series F Preferred Stock into the Corporation’s Common Stock prior to the Organic Change.

Appears in 1 contract

Samples: Security Agreement (Navidea Biopharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Adjustments for Reorganization, Merger, Consolidation or Sales of Assets. If at any time or from time to time after the Issuance Date there shall be a capital reorganization of the Corporation Company (other than by way of a stock split or combination of shares or stock dividends or distributions provided for in Sections 6.c.iSection 5(c)(i), 6.c.ii, 6.c.iii(ii) and (iii), or a reclassification, exchange or substitution of shares provided for in Section 6.c.v5(c)(iv)), or a merger or consolidation of the Corporation Company with or into another corporation, or the sale of all or substantially all of the Corporation’s Company's properties or assets to any other person that is not deemed a liquidation pursuant to Section 4.b 4(b) (an “Organic Change”), then as a part of such Organic Change an appropriate revision to the Conversion Rate shall be made and provision shall be made so that the holder of each share of Series F C Preferred Stock shall have the right thereafter to convert such share of Series F C Preferred Stock into the kind and amount of shares of stock and other securities or property of the Corporation Company or any successor corporation resulting from the Organic Change as the holder would have received as a result of the Organic Change and if the holder had converted its Series F C Preferred Stock into the CorporationCompany’s Common Stock prior to the Organic Change.

Appears in 1 contract

Samples: Securities Exchange Agreement (Neoprobe Corp)

Adjustments for Reorganization, Merger, Consolidation or Sales of Assets. If at any time or from time to time after the Issuance Date there shall be a capital reorganization of the Corporation Company (other than by way of a stock split or combination of shares or stock dividends or distributions provided for in Sections 6.c.iSection 5(c)(i), 6.c.ii, 6.c.iii(ii) and (iii), or a reclassification, exchange or substitution of shares provided for in Section 6.c.v5(c)(iv)), or a merger or consolidation of the Corporation Company with or into another corporation, or the sale of all or substantially all of the Corporation’s Company's properties or assets to any other person that is not deemed a liquidation pursuant to Section 4.b 4(b) (an “Organic Change”), then as a part of such Organic Change an appropriate revision to the Conversion Rate shall be made and provision shall be made so that the holder of each share of Series F B Preferred Stock shall have the right thereafter to convert such share of Series F B Preferred Stock into the kind and amount of shares of stock and other securities or property of the Corporation Company or any successor corporation resulting from the Organic Change as the holder would have received as a result of the Organic Change and if the holder had converted its Series F B Preferred Stock (without regard to Section 7 hereof) into the CorporationCompany’s Common Stock prior to the Organic Change.

Appears in 1 contract

Samples: Securities Exchange Agreement (Neoprobe Corp)

AutoNDA by SimpleDocs

Adjustments for Reorganization, Merger, Consolidation or Sales of Assets. If at any time or from time to time after the Issuance Date there shall be a capital reorganization of the Corporation Company (other than by way of a stock split or combination of shares or stock dividends or distributions provided for in Sections 6.c.iSection 5(e)(i), 6.c.ii, 6.c.iii(ii) and (iii), or a reclassification, exchange or substitution of shares provided for in Section 6.c.v5(e)(iv)), or a merger or consolidation of the Corporation Company with or into another corporation, or the sale of all or substantially all of the Corporation’s Company's properties or assets to any other person that is not deemed a liquidation pursuant to Section 4.b (an "Organic Change"), then as a part of such Organic Change an appropriate revision to the Conversion Rate shall be made and provision shall be made so that the holder of each share of Series F A Preferred Stock shall have the right thereafter to convert such share of Series F A Preferred Stock into the kind and amount of shares of stock and other securities or property of the Corporation Company or any successor corporation resulting from the Organic Change as which the holder of such share of Series A Preferred Stock would have received as a result if such share of the Organic Change and if the holder had converted its Series F A Preferred Stock into the Corporation’s Common Stock had been converted prior to the such Organic Change.

Appears in 1 contract

Samples: Common Stock Exchange Agreement (VistaGen Therapeutics, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!