Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 14 contracts
Samples: Security Agreement (Uni-Pixel), Security Agreement (Uni-Pixel), Warrant Agreement (Continental Southern Resources Inc)
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company Borrower shall be deemed to have been issued without consideration.
Appears in 6 contracts
Samples: Convertible Note (Trimedia Entertainment Group Inc), Convertible Note (International Travel Cd S Inc), Convertible Note (Continental Southern Resources Inc)
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company Borrower shall be deemed to have been issued without consideration.
Appears in 4 contracts
Samples: Convertible Debenture Loan Agreement (Topro Inc), Convertible Debenture (Integrated Security Systems Inc), Convertible Loan Agreement (Newcare Health Corp)
Reclassification of Shares. In case of the reclassification thx xxxxassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 1 contract
Reclassification of Shares. In case of the reclassification rxxxxxxification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 1 contract
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company (other than Common Stock) shall be deemed to have been issued without consideration.
Appears in 1 contract
Samples: Security Agreement (Zone Mining LTD)
