Reclassification. If the Company at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 23 contracts
Samples: Securities Purchase Agreement (Modtech Holdings Inc), Securities Purchase Agreement (Standard Management Corp), Secured Convertible Term Note (House of Brussels Chocolates Inc)
Reclassification. If the Company Parent at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 15 contracts
Samples: Secured Convertible Term Note (American Technologies Group Inc), Convertible Note Agreement (NewMarket Technology Inc), Secured Revolving Note (Dynamic Health Products Inc)
Reclassification. If the Company Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 11 contracts
Samples: Secured Revolving Note (Conversion Services International Inc), Secured Revolving Note (DSL Net Inc), Secured Convertible Term Note (Elec Communications Corp)
Reclassification. If the Company Parent at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, after such reclassification or other change at the sole election of the Holder.
Appears in 11 contracts
Samples: Secured Convertible Minimum Borrowing Note (American Technologies Group Inc), Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc), Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc)
Reclassification. If the Company at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, after such reclassification or other change at the sole election of the Holder.
Appears in 4 contracts
Samples: Secured Convertible Note (Electric City Corp), Secured Convertible Term Note (Numerex Corp /Pa/), Secured Convertible Term Note (Numerex Corp /Pa/)
Reclassification. If the Company at any time shall, by ---------------- reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 3 contracts
Samples: Secured Convertible Term Note (New Century Energy Corp.), Secured Convertible Term Note (New Century Energy Corp.), Secured Convertible Term Note (New Century Energy Corp.)
Reclassification. If the Company Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, after such reclassification or other change at the sole election of the Holder.
Appears in 2 contracts
Samples: Secured Convertible Note (On the Go Healthcare Inc), Secured Convertible Note (On the Go Healthcare Inc)
Reclassification. If the Company at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 2 contracts
Samples: Secured Revolving Note (Catalyst Lighting Group Inc), Secured Convertible Term Note (Catalyst Lighting Group Inc)
Reclassification. If the Company Xxxxxx Equipment at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 1 contract
Reclassification. If the Company Txxxxx Equipment at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 1 contract
Reclassification. If the Company at any time shall, by reclassification ---------------- or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 1 contract
Samples: Secured Convertible Term Note (Windswept Environmental Group Inc)
Reclassification. If the Company at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted the number of such securities and kind of securities as that would have been issuable as the result of such change with respect issued to the Holder had the Holder converted this Note into Common Stock (i) immediately prior to or (ii) immediately after, before such reclassification or other change at the sole election of the Holderchange.
Appears in 1 contract
Reclassification. If the Company Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount principal amount of this Note and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 1 contract
Reclassification. If the Company at any time shall, by reclassification or otherwise, change the Common Stock Conversion Shares into the same or a different number of securities of any class or classes, this Note, as to the unpaid Accreted Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock Conversion Shares (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
Appears in 1 contract
Samples: Convertible Note Agreement (Healthcare Corp of America)