Common use of Reorganization Event Clause in Contracts

Reorganization Event. In case of any Reorganization Event the Company shall, as a condition precedent to the consummation of the transaction constituting, or announced as, such Reorganization Event, cause effective provisions to be made so that the Holder shall have the right immediately thereafter, by exercising this Warrant, to receive the aggregate amount and kind of shares of stock and other securities and property that were receivable upon such Reorganization Event by a holder of the number of shares of Common Stock that would have been received immediately prior to such Reorganization Event upon exercise of this Warrant. Any such provision shall include provision for adjustments in respect of such shares of stock and other securities and property that shall be as nearly equivalent as may be practicable to the adjustments provided for in Subsection 9.1. The foregoing provisions of this Subsection 9.2 shall similarly apply to successive Reorganization Events.

Appears in 3 contracts

Samples: Common Stock Warrant (Apollon Inc), Common Stock Warrant (Apollon Inc), Common Stock Warrant (Apollon Inc)

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Reorganization Event. In case of any Reorganization Event the -------------------- Company shall, as a condition precedent to the consummation of the transaction constituting, or announced as, such Reorganization Event, cause effective provisions to be made so that the Holder shall have the right immediately thereafter, by exercising this Warrant, to receive the aggregate amount and kind of shares of stock and other securities and property that were receivable upon such Reorganization Event by a holder of the number of shares of Common Stock that would have been received immediately prior to such Reorganization Event upon exercise of this Warrant. Any such provision shall include provision for adjustments in respect of such shares of stock and other securities and property that shall be as nearly equivalent as may be practicable to the adjustments provided for in Subsection 9.1Section 7(a). The foregoing provisions of this Subsection 9.2 Section 7(b) shall similarly apply to successive Reorganization Events.

Appears in 2 contracts

Samples: Warrant Agreement (Drugstore Com Inc), Warrant Agreement (Drugstore Com Inc)

Reorganization Event. In case of any Reorganization Event Event, the Company shall, as a condition precedent to the consummation of the transaction constituting, or announced as, such Reorganization Event, cause effective provisions to be made so that the Holder shall have the right immediately thereafter, by exercising this Warrant, to receive the aggregate amount and kind of shares of stock and other securities and property that were receivable upon such Reorganization Event by a holder of the number of shares of Common Stock that would have been received immediately prior to such Reorganization Event upon exercise of this Warrant. Any such provision shall include provision for adjustments in respect of such shares of stock and other other, securities and property that shall be as nearly equivalent as may be practicable to the adjustments provided for in Subsection 9.1Section 7(a). The foregoing provisions of this Subsection 9.2 Section 7(b) shall similarly apply to successive Reorganization Events.

Appears in 1 contract

Samples: Warrant Agreement (Drugstore Com Inc)

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Reorganization Event. In case of any Reorganization Event the -------------------- Company shall, as a condition precedent to the consummation of the transaction constituting, or announced as, such Reorganization Event, cause effective provisions to be made so that the Holder shall have the right immediately thereafter, by exercising this Warrant, to receive the aggregate amount and kind of shares of stock and other securities and property that were receivable upon such Reorganization Event by a holder of the number of shares of Common Stock that would have been received immediately prior to such Reorganization Event upon exercise of this Warrant. Any such provision shall include provision for adjustments in respect of such shares of stock and other securities and property that shall be as nearly equivalent as may be practicable to the adjustments provided for in Subsection 9.1Section 8(a). The foregoing provisions of this Subsection 9.2 Section 8(b) shall similarly apply to successive Reorganization Events.

Appears in 1 contract

Samples: Warrant Agreement (Cephalon Inc)

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