Reclassifications and Reorganizations. In the case, at any time after the date hereof, of any capital reorganization (except as provided in the second and third sentences of Section 2(a)) or any reclassification of the stock of the Corporation (other than as a result of a stock dividend or subdivision, split-up or combination of shares), the Conversion Prices then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the outstanding shares of the Preferred Stock shall, after such reorganization or reclassification, be convertible into the kind and number of shares of stock or other securities or property of the Corporation or otherwise to which such holder would have been entitled if immediately prior to such reorganization or reclassification, the holder had converted the holder’s shares of the Preferred Stock into Common Stock. The provisions of this Section 4(c)(vi)(D) shall similarly apply to successive reorganizations, reclassifications or consolidations.
Appears in 3 contracts
Samples: Agreement and Plan of Merger and Reorganization (Entropic Communications Inc), Agreement and Plan of Merger and Reorganization (Entropic Communications Inc), Merger Agreement (Entropic Communications Inc)
Reclassifications and Reorganizations. In the case, at any time after the date hereof, of any capital reorganization (except as provided in the second and third sentences of Section 2(a)) reorganization, merger or any reclassification of the stock of the Corporation Company (other than solely as a result of a stock dividend or subdivision, split-up or combination of shares), the Series B Conversion Prices Rate then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted and the terms of the Series B Preferred Stock shall be deemed amended such that the outstanding shares of the Series B Preferred Stock shall, after such reorganization or reclassification, be convertible into the kind and number of shares of stock or other securities or property of the Corporation Company or otherwise to which such holder would have been entitled if immediately prior to such reorganization or reclassification, the holder had converted the holder’s shares of the Series B Preferred Stock had been converted into Common Stockcommon stock. The provisions of this Section 4(c)(vi)(D4(f)(iii) shall similarly apply to successive reorganizations, reclassifications reorganizations or consolidationsreclassifications.
Appears in 2 contracts
Samples: Lender Acquisition Agreement (Sylios Corp), Lender Acquisition Agreement (Adventure Energy, Inc.)
Reclassifications and Reorganizations. In the case, at any time after the date hereof, of any capital reorganization (except as provided in the second and third sentences of Section 2(a)) reorganization, merger or any reclassification of the stock of the Corporation Company (other than solely as a result of a stock dividend or subdivision, split-up or combination of shares), the Series A Conversion Prices Rate then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted and the terms of the Series A Preferred Stock shall be deemed amended such that the outstanding shares of the Series A Preferred Stock shall, after such reorganization or reclassification, be convertible into the kind and number of shares of stock or other securities or property of the Corporation Company or otherwise to which such holder would have been entitled if immediately prior to such reorganization or reclassification, the holder had converted the holder’s shares of the Series A Preferred Stock had been converted into Common Stockcommon stock. The provisions of this Section 4(c)(vi)(D4(f)(iii) shall similarly apply to successive reorganizations, reclassifications reorganizations or consolidationsreclassifications.
Appears in 2 contracts
Samples: Lender Acquisition Agreement (Sylios Corp), Lender Acquisition Agreement (Adventure Energy, Inc.)