Common use of Reorganization and Consolidation Clause in Contracts

Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 5 above), then the Company shall make appropriate provision so that the holder of this Warrant shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the same number of Underlying Securities as were purchasable by the holder of this Warrant immediately prior to such reclassification, reorganization, or change In any such case appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

Appears in 5 contracts

Samples: Warrant Agreement (8x8 Inc /De/), Warrant Agreement (8x8 Inc /De/), Warrant Agreement (8x8 Inc /De/)

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Reorganization and Consolidation. In case of any reclassification, capital reorganization, reorganization or change in the capital stock of the Company (other than as a result of a subdivision, combination, combination or stock dividend provided for in Section 5 8(a) above), then then, as a condition of such reclassification, reorganization or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall make appropriate provision be delivered to the Holder, so that the holder of this Warrant Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and or property receivable in connection with such reclassification, reorganization, reorganization or change by a holder of the same number and type of Underlying Securities securities as were purchasable as Warrant Shares by the holder of this Warrant Holder immediately prior to such reclassification, reorganization, reorganization or change change. In any such case appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant Holder so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and or property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price Exercise Price per share Share payable hereunder, provided the aggregate purchase price Exercise Price shall remain the same.

Appears in 2 contracts

Samples: Warrant Agreement (Neuropathix, Inc.), Warrant Agreement (Neuropathix, Inc.)

Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock Warrant Stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 5 8(a) above), then as a condition of such reclassification, reorganization, or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall make appropriate provision be delivered to the Holder, so that the holder of this Warrant Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder Holder of the same number of Underlying Securities shares of Warrant Stock as were purchasable by the holder of this Warrant Holder immediately prior to such reclassification, reorganization, or change change. In any such case case, appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant Holder so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

Appears in 1 contract

Samples: Warrant Agreement (Bgi Inc)

Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 5 9(a) above), then the Company shall make appropriate provision so that the holder of this Warrant Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the same number of Underlying Securities Shares as were purchasable by the holder of this Warrant Holder immediately prior to such reclassification, reorganization, or change change. In any such case appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant Holder so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

Appears in 1 contract

Samples: Warrant Agreement

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Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock Common Stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 5 8(a) above), then then, as a condition of such reclassification, reorganization, or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall make appropriate provision be delivered to the Holder, so that the holder of this Warrant Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the same number of Underlying Securities shares of Common Stock as were purchasable by the holder of this Warrant Holder immediately prior to such reclassification, reorganization, or change change. In any such case appropriate provisions shall be made with respect to the rights and interest of the holder of this Warrant Holder so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

Appears in 1 contract

Samples: Warrant Agreement (Technology Crossover Management Ii LLC)

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