Common use of Reclassification, Consolidation or Merger Clause in Contracts

Reclassification, Consolidation or Merger. If at any time, as a result of: (a) a capital reorganization or reclassification (other than a subdivision, combination or dividend provided for elsewhere in this Section 3), or (b) a merger or consolidation of the Company with another corporation (whether or not the Company is the surviving corporation), the Common Stock issuable upon exercise of the Warrants shall be changed into or exchanged for the same or a different number of shares of any class or classes of stock of the Company or any other corporation, or other securities convertible into such shares, then, as a part of such reorganization, reclassification, merger or consolidation, appropriate adjustments shall be made in the terms of the Warrants (or of any securities into which the Warrants are exercised or for which the Warrants are exchanged), so that:

Appears in 16 contracts

Samples: Common Stock Purchase Agreement (Unigene Laboratories Inc), Warrant Agreement (MultiCell Technologies, Inc.), Research Collaboration and Licensing Agreement (Samaritan Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Reclassification, Consolidation or Merger. If at any time, as a result of: (a) a capital reorganization or reclassification (other than a subdivision, combination consolidation or dividend provided for elsewhere in this Section 3), or (b) a merger or consolidation of the Company with another corporation (whether or not the Company is the surviving corporation), the Common Stock ADSs issuable upon exercise of the Warrants shall be changed into or exchanged for the same or a different number of shares of any class or classes of stock shares of the Company or any other corporation, or other securities convertible into such shares, then, as a part of such reorganization, reclassification, merger or consolidation, appropriate adjustments shall be made in the terms of the Warrants (or of any securities into which the Warrants are exercised or for which the Warrants are exchanged), so that:

Appears in 5 contracts

Samples: Warrant Agreement (Insignia Solutions PLC), Warrant Agreement (Insignia Solutions PLC), Warrant Agreement (Insignia Solutions PLC)

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