Common use of Capital Reorganization or Reclassification Clause in Contracts

Capital Reorganization or Reclassification. If the Common Stock issuable upon the conversion of the Series A Preferred Stock shall be changed into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, stock split, stock dividend, or similar event, then and in each such event, the holder of each share of Series A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such capital reorganization, reclassification or other change which such holder would have received had its shares of Series A Preferred Stock been converted immediately prior to such capital reorganization, reclassification or other change.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Advanced Optics Electronics Inc), Securities Purchase Agreement (Advanced Optics Electronics Inc), Subscription Agreement (Nstor Technologies Inc)

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Capital Reorganization or Reclassification. If the Common Stock issuable upon the conversion of the Series A B Preferred Stock shall be changed into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, stock split, stock dividend, or similar event, then and in each such event, the holder of each share of Series A B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such capital reorganization, reclassification or other change which such holder would have received had its shares of Series A B Preferred Stock been converted immediately prior to such capital reorganization, reclassification or other change.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ip Voice Com Inc), Securities Purchase Agreement (Ip Voice Com Inc)

Capital Reorganization or Reclassification. If the Common Stock issuable upon the conversion of the Series A Preferred Stock shall be changed into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock split, stock dividend, dividend provided for elsewhere in this Section 5 or similar eventby a Reorganization), then and in each such event, the holder of each share of Series A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such capital reorganization, reclassification or other change by holders of the number of shares of Common Stock into which such holder would have received had its shares of Series A Preferred Stock might have been converted immediately prior to such capital reorganization, reclassification or other change.

Appears in 2 contracts

Samples: Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)

Capital Reorganization or Reclassification. If the Common Stock Shares issuable upon the conversion of the Series A Preferred Stock Shares shall be changed into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock split, stock dividend, dividend or similar eventdistribution provided for elsewhere in this Section 5 or by a Reorganization), then and in each such event, the holder of each share of Series A Preferred Stock Shares shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such capital reorganization, reclassification or other change by holders of the number of Common Shares into which such holder would have received had its shares of Series A Preferred Stock Shares might have been converted immediately prior to such capital reorganization, reclassification or other change.

Appears in 1 contract

Samples: Asset Purchase Agreement (Top Source Technologies Inc)

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Capital Reorganization or Reclassification. If the Common Stock issuable upon the conversion of the Series A B Preferred Stock shall be changed into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, reclassification or otherwise (other than a subdivision or combination of shares or stock split, stock dividend, dividend provided for elsewhere in this Section 5 or similar eventby a Liquidity Event), then and in each such event, the holder of each share of Series A B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such capital reorganization, reclassification or other change by holders of the number of shares of Common Stock into which such holder share of Series B Preferred Stock would have received had its shares of Series A Preferred Stock been converted immediately prior to such capital reorganization, reclassification or other change.

Appears in 1 contract

Samples: Securities Purchase and Redemption Agreement (Sybari Software, Inc.)

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