Common use of Reclassification or Reorganization Adjustment Clause in Contracts

Reclassification or Reorganization Adjustment. In case of any changes in the class or kind of securities issuable upon exercise of this Warrant or 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, the holder 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 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: Distribution Agreement (Accentia Biopharmaceuticals Inc), Distribution Agreement (Accentia Biopharmaceuticals Inc)

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Reclassification or Reorganization Adjustment. In case of any changes in the class or kind of securities issuable upon exercise conversion of this Warrant Note or 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 conversion of this WarrantNote) at any time and from time to time on or after the date hereof, the holder of this WarrantNote, 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 such holder would have been entitled upon such consummation if such holder had exercised converted this Warrant Note immediately prior theretothereto and the Conversion Price therefore shall be appropriately adjusted, all subject to further adjustment as provided in this Section 25.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Oxygen Biotherapeutics, Inc.)

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Reclassification or Reorganization Adjustment. In case of any changes in the class or kind of securities issuable upon exercise of this Warrant or 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, the holder 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 such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior theretothereto and the Exercise Price therefore shall be appropriately adjusted, all subject to further adjustment as provided in this Section 23.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Oxygen Biotherapeutics, Inc.)

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