Common use of Reclassification or Reorganization Adjustment Clause in Contracts

Reclassification or Reorganization Adjustment. In case of any reclassification or change of the outstanding securities of the Company or of any reorganization of the Company (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) at any time and from time to time after the date hereof, and the Holder, upon the exercise hereof at any time after the consummation of such reclassification, change or reorganization, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which the Holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in this Section 2.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Vaccinogen Inc), Common Stock Purchase Warrant (Vaccinogen Inc), Common Stock Purchase Warrant (Vaccinogen Inc)

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Reclassification or Reorganization Adjustment. In case of any --------------------------------------------- reclassification or change of the outstanding securities of the Company or of any reorganization of the Company (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) at any time and from time to time on or after the date hereof, and the Holderholder of this Warrant, upon the exercise hereof at any time after the consummation of such reclassification, change or reorganization, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which the Holder such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in this Section 2.

Appears in 2 contracts

Samples: Warrant Agreement (Total Sports Inc), Warrant Agreement (Total Sports Inc)

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Reclassification or Reorganization Adjustment. In case of any --------------------------------------------- reclassification or change of the outstanding securities of the Company or of any reorganization of the Company (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) at any time and from time to time on or after the date hereof, then and in each such case the Holderholder of this Warrant, upon the exercise hereof at any time after the consummation of such reclassification, change or reorganization, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which the Holder such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in subsections 2.1, 2.2 and 2.3 of this Section 2.

Appears in 1 contract

Samples: Warrant Agreement (Haht Commerce Inc)

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