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 while the Warrants remain outstanding, the Holder of the Warrants shall thereafter be entitled to purchase pursuant to the Warrants (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares that such Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into which such shares of Common Stock would have been exchanged, converted, or reclassified if the Warrant Shares had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions of the Board of Directors of the Company) shall be made with respect to the rights and interest thereafter of the 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)

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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 Section 3(a)) while the Warrants remain any principal of this Note remains ------------ outstanding, the Holder holder of the Warrants Note shall thereafter be entitled to purchase acquire pursuant to the Warrants conversion of the remaining outstanding principal of the Note (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares that such the Note Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into to which such number of shares of Common Stock issuable upon conversion of the remaining outstanding principal of the Note would have been entitled if such shares of Common Stock would have been exchanged, converted, or reclassified if the Warrant Shares had been purchased acquired immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest interests thereafter of the Holder holder of the WarrantsNote, to the end that all the provisions of this Warrant Agreement 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 or while the Warrants remain Warrant remains outstanding, the Holder of the Warrants Warrant shall thereafter be entitled to purchase pursuant to the Warrants Warrant (in lieu of the kind and number of shares of Common Warrant Stock comprising Warrant Shares that such the Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into which such shares of Common Stock would have been exchanged, converted, converted or reclassified if the Warrant Shares Stock had been purchased immediately before such reorganization or reclassificationreorganization, 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 resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest interests thereafter of the Holder of the WarrantsWarrant, to the end that all the provisions of this the 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: 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 while the Warrants remain Warrant remains outstanding, the Holder of the Warrants Warrant shall thereafter be entitled to purchase pursuant to the Warrants Warrant (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares Stock that such Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into which such shares of Common Stock would have been exchanged, converted, converted or reclassified if the Warrant Shares Stock had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest thereafter of the Holder of the WarrantsWarrant, to the end that all the provisions of this the 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 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 Section 9(a) hereof) while the Warrants remain this Warrant remains outstanding, the Holder of the Warrants shall thereafter be entitled to purchase pursuant to the Warrants this Warrant (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares comprised in the number of Units that such the Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or cash or property for or into to which such number of shares of Common Stock comprised in such number of Units would have been entitled if such shares of Common Stock would have been exchanged, converted, or reclassified if the Warrant Shares had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest in thereafter of the Holder of the WarrantsHolder, 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 1 contract

Samples: Advanced Materials Group Inc

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Reorganization and Reclassification. In case of any capital ----------------------------------- reorganization or any reclassification of the capital stock of the Company while the Warrants remain this Warrant remains outstanding, the Holder of the Warrants this Warrant shall thereafter be entitled to purchase pursuant to the Warrants this Warrant (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares that such Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into which such shares of Common Stock would have been exchanged, converted, converted or reclassified if the Warrant Shares had been purchased by the Holder immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest thereafter of the Holder of the Warrantsthis Warrant, 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 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 Section 10(a)) while the Warrants remain this Warrant remains outstanding, the Holder of the Warrants shall thereafter be entitled to purchase pursuant to the Warrants this Warrant (in lieu of the kind and number of shares of Common Stock comprising Warrant Shares comprised in the number of Units that such the Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into to which such number of shares of Common Stock comprised in such number of Units would have been entitled if such shares of Common Stock would have been exchanged, converted, or reclassified if the Warrant Shares had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest interests thereafter of the Holder of the WarrantsHolder, 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 1 contract

Samples: Intelidata Technologies Corp

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