Common use of Reorganization and Reclassification Clause in Contracts

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of this Section (f)); the Holder of any Warrant shall thereafter be entitled to purchase pursuant to such Warrant (in lieu of the number of shares of Common Stock which such Holder would have been entitled to purchase immediately prior to such reorganization or reclassification) the shares of stock of any class or classes or other securities or property to which the holder of such number of shares of Common Stock would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Stock had been purchased immediately prior to such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the Holder) shall be made with respect to the rights and interest thereafter of the Warrants (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 6 contracts

Samples: McKenzie Bay International, MBI Financial, Inc., Save the World Air Inc

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Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of while this Section (f)); Warrant remains outstanding, the Holder of any this Warrant shall thereafter be entitled to purchase pursuant to such this Warrant (in lieu of the kind and number of shares of Common Stock which comprising Warrant Shares that such Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted or reclassified if the time of Warrant Shares had been purchased by the Holder immediately before such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number . In case of shares of Common Stock had been purchased immediately prior to any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest thereafter of the Warrants Holder of this Warrant, to the end that all the provisions of this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 6 contracts

Samples: Agreement and Release, Securities Purchase Agreement (Tootie Pie Company, Inc.), Agreement and Release (Gigabeam Corp)

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of while this Section (f)); Warrant remains outstanding, the Holder of any this Warrant shall thereafter be entitled to purchase pursuant to such this Warrant (in lieu of the kind and number of shares of Common Stock which comprising Warrant Stock that such Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted, or reclassified if the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Warrant Stock had been purchased immediately prior to before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest thereafter of the Warrants Holder of this Warrant, to the end that all the provisions of this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 3 contracts

Samples: Energy Income Fund Lp, Energy Income Fund Lp, Foreland Corp

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of this Section (f)); while the Warrants remain outstanding, the Holder of any Warrant the Warrants shall thereafter be entitled to purchase pursuant to such Warrant the Warrants (in lieu of the kind and number of shares of Common Stock which comprising Warrant Shares that such Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted, or reclassified if the time of Warrant Shares had been purchased immediately before such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number . In case of shares of Common Stock had been purchased immediately prior to any such reorganization or reclassification, appropriate provision (as determined by resolution resolutions of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest thereafter of the Warrants Holder of the Warrants, to the end that all the provisions of this Warrant Agreement (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 2 contracts

Samples: Stock Warrant Agreement (Vessels Thomas J), Stock Warrant Agreement (Vessels Thomas J)

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of this Section (f)); or while the Warrant remains outstanding, the Holder of any the Warrant shall thereafter be entitled to purchase pursuant to such the Warrant (in lieu of the kind and number of shares of Common Warrant Stock which such that the Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted or reclassified if the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Warrant Stock had been purchased immediately prior before such reorganization, reclassification at a total price not to exceed that payable upon the exercise of the unexercised portion of this Warrant. In case of any such reorganization or reorganization, reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest interests thereafter of the Warrants Holder of the Warrant, to the end that all the provisions of the Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 2 contracts

Samples: Centrack International Inc, Centrack International Inc

Reorganization and Reclassification. In case of any capital ----------------------------------- reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2Section 3(a)) while any principal of this Section (f)); Note remains ------------ outstanding, the Holder holder of any Warrant the Note shall thereafter be entitled to purchase acquire pursuant to such Warrant the conversion of the remaining outstanding principal of the Note (in lieu of the number of shares of Common Stock which such that the Note Holder would have been entitled to purchase acquire immediately prior to before such reorganization or reclassification) the shares of stock of any class or classes or other securities or property to which the holder of such number of shares of Common Stock issuable upon conversion of the remaining outstanding principal of the Note would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Stock had been purchased acquired immediately prior to before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest interests thereafter of the Warrants holder of the Note, to the end that all the provisions of the Note (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 2 contracts

Samples: E2enet Inc, E2enet Inc

Reorganization and Reclassification. In case of any capital ----------------------------------- reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of while this Section (f)); Warrant remains outstanding, the Holder of any this Warrant shall thereafter be entitled to purchase pursuant to such this Warrant (in lieu of the kind and number of shares of Common Stock which comprising Warrant Shares that such Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted or reclassified if the time of Warrant Shares had been purchased by the Holder immediately before such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number . In case of shares of Common Stock had been purchased immediately prior to any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest thereafter of the Warrants Holder of this Warrant, to the end that all the provisions of this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: Atsi Communications Inc/De

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2Section 10(a)) of while this Section (f)); Warrant remains outstanding, the Holder of any Warrant shall thereafter be entitled to purchase pursuant to such this Warrant (in lieu of the number of shares of Common Stock which such comprised in the number of Units that the Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the shares of stock of any class or classes or other securities or property to which the holder of such number of shares of Common Stock comprised in such number of Units would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Stock had been purchased immediately prior to before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest interests thereafter of the Warrants Holder, to the end that all the provisions of this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: Intelidata Technologies Corp

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Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2Section 4.1) of this Section (f)); the Holder of any Warrant this Option shall thereafter be entitled to purchase pursuant to such Warrant this Option (in lieu of the number of shares of Common Stock which such Holder would have been entitled to purchase immediately prior to such reorganization or reclassification) the shares of stock of any class or classes or other securities or property to which the holder of such number of shares of Common Stock would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price purchase price equal to that the aggregate purchase price which would have been payable if such number of shares of Common Stock had been purchased immediately prior to such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest interests thereafter of the Warrants Holder of this Option, to the end that all of the provisions of this Option (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: Webb Interactive Services Inc

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of this Section (f)); while the Warrant remains outstanding, the Holder of any the Warrant shall thereafter be entitled to purchase pursuant to such the Warrant (in lieu of the kind and number of shares of Common Stock which comprising Warrant Stock that such Holder would have been entitled to purchase or acquire immediately prior to before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property to for or into which the holder of such number of shares of Common Stock would have been entitled at exchanged, converted or reclassified if the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Warrant Stock had been purchased immediately prior to before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest thereafter of the Warrants Holder of the Warrant, to the end that all the provisions of the Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: Rio Grande Inc /De/

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2Section 9(a) of hereof) while this Section (f)); Warrant remains outstanding, the Holder of any Warrant shall thereafter be entitled to purchase pursuant to such this Warrant (in lieu of the number of shares of Common Stock which such comprised in the number of Units that the Holder would have been entitled to purchase immediately prior to before such reorganization or reclassification) the shares of stock of any class or classes or other securities or cash or property to which the holder of such number of shares of Common Stock comprised in such number of Units would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Stock had been purchased immediately prior to before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the HolderCompany) shall be made with respect to the rights and interest in thereafter of the Warrants Holder, to the end that all the provisions of this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: Advanced Materials Group Inc

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Subsection (2) of this Section (f)); the Holder of any this Warrant shall thereafter be entitled to purchase pursuant to such Warrant (in lieu of the number of shares of Common Stock Warrant Shares which such Holder would have been entitled to purchase immediately prior to such reorganization or reclassification) the shares of stock of any class or classes or other securities or property to which the holder of such number of shares of Common Stock Warrant Shares would have been entitled at the time of such reorganization or reclassification, at an aggregate Exercise Price equal to that which would have been payable if such number of shares of Common Stock Warrant Shares had been purchased immediately prior to such reorganization or reclassification, appropriate provision (as determined by resolution of the Board of Directors of the Company with the approval of the Holder) shall be made with respect to the rights and interest thereafter of the Warrants this Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Appears in 1 contract

Samples: INVO Bioscience, Inc.

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