Common use of Change or Reclassification of Shares Clause in Contracts

Change or Reclassification of Shares. In the event the Corporation shall change or reclassify its outstanding Shares into a different class of securities, the Warrants shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder shall be entitled to acquire shall be that number of the successor class of securities which a holder of that number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities determined in paragraph 2(h)(i) hereof.

Appears in 4 contracts

Samples: Warrant Agreement (Ym Biosciences Inc), Warrant Agreement (Ym Biosciences Inc), Warrant Agreement (Ym Biosciences Inc)

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Change or Reclassification of Shares. In the event the Corporation shall change or reclassify its outstanding Shares into a different class of securities, the Warrants this Warrant shall be adjusted as follows so as to apply to the successor class of securities: (i) the number and kind of the successor class of securities which the Warrantholder shall be entitled to acquire shall be that the aggregate number of the successor class and kind of securities which a holder of that number of Shares subject to the number of unexercised Warrants which, if this Warrant had been exercised immediately prior to the such change or reclassification reclassification, the Warrantholder would have been entitled to receive by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject as to the number of which this Warrant was unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities determined in paragraph 2(h)(i) hereof.

Appears in 4 contracts

Samples: Subscription Agreement (Life Medical Sciences Inc), Broker Warrant (SyntheMed, Inc.), Subscription Agreement (Life Medical Sciences Inc)

Change or Reclassification of Shares. In the event the Corporation Company shall change or reclassify its outstanding Shares common shares into a different class of securities, the rights evidenced by the Warrants shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder shall be entitled to acquire shall be that number of the successor class of securities which a holder of that number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities Shares determined in paragraph 2(h)(i1(g)(i) hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Lasermedia Communications Corp), Warrant Agreement (Lasermedia Communications Corp)

Change or Reclassification of Shares. In the event the Corporation shall change or reclassify its outstanding Shares into a different class of securitiessecurities (a "Share Reclassification"), the rights evidenced by the Warrants shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder Warrant Holder shall be entitled to acquire shall be that number of the successor class of securities which a holder of that number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities determined in paragraph 2(h)(iSubsection l(f)(i) hereof.

Appears in 2 contracts

Samples: Share Purchase Agreement (NovaCopper Inc.), Share Purchase Agreement

Change or Reclassification of Shares. In the event the Corporation Company shall change or reclassify its outstanding Shares common shares into a different class of securities, the rights evidenced by the Warrants shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder Holder shall be entitled to acquire shall be that number of the successor class of securities which a holder of that number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject to the number of unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities shares determined in paragraph 2(h)(i1(g)(i) hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Myo Diagnostics Inc), Warrant Agreement (Myo Diagnostics Inc)

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Change or Reclassification of Shares. In the event that, after the Corporation Closing Date and prior to the Time of Expiry, the Company shall change or reclassify its outstanding Shares into a different class of securities, the rights evidenced by this Broker Warrants Certificate shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder Holder shall be entitled to acquire as part of the Units shall be that number of the successor class of securities which a holder of that number of Shares subject to the number of unexercised Broker Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares Units subject to the number of unexercised Broker Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities Shares determined in paragraph 2(h)(i(g)(i) hereof.

Appears in 1 contract

Samples: Underwriting Agreement

Change or Reclassification of Shares. In the event the Corporation shall change or reclassify its outstanding Shares into a different class of securities, the Warrants this Warrant shall be adjusted as follows so as to apply to the successor class of securities: (i) the number and kind of the successor class of securities which the Warrantholder shall be entitled to acquire shall be that the aggregate number of the successor class and kind of securities which a holder of that number of Shares subject to the number of unexercised Warrants which, if this Warrant had been exercised immediately prior to the such change or reclassification reclassification, the Warrantholder would have been entitled to receive by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Shares subject as to the number of which this Warrant was unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities determined in paragraph 2(h)(i2(i)(i) hereof.

Appears in 1 contract

Samples: Subscription Agreement (SyntheMed, Inc.)

Change or Reclassification of Shares. In the event the Corporation shall change or reclassify its outstanding Common Shares into a different class of securities, the rights evidenced by Agent’s Warrants shall be adjusted as follows so as to apply to the successor class of securities: (i) the number of the successor class of securities which the Warrantholder Agent shall be entitled to acquire shall be that number of the successor class of securities which a holder of that number of Agent’s Shares subject to the number of unexercised Agent’s Warrants immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification; and (ii) the Exercise Price shall be determined by multiplying the Exercise Price in effect immediately prior to the change or reclassification by the number of Agent’s Shares subject to the number of unexercised Agent’s Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of the successor class of securities shares determined in paragraph 2(h)(iSection 1(g)(i) hereof.

Appears in 1 contract

Samples: Agency Agreement (Virexx Medical Corp)

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