Common use of Reorganization, Reclassification and Liquidation Clause in Contracts

Reorganization, Reclassification and Liquidation. (a) In the case of any reorganization or reclassification of the Common Stock or in the case of any consolidation of the Company with, or merger of the Company with, another Person, or in the case of any sale, lease or conveyance of all, or substantially all, of the property, assets, business and goodwill of the Company as an entity, or on the occurrence of any other Change of Control, the holder of this Warrant shall thereafter have the right upon exercise to receive the kind and amount of shares of stock and Other Securities and property receivable upon such reorganization, reclassification, consolidation, merger or sale by a holder of the number of shares of Common Stock which the holder of this Warrant would have received had all Warrant Shares issuable upon exercise of this Warrant been issued immediately prior to such reorganization, reclassification, consolidation, merger or sale, at a price equal to the Exercise Price then in effect pertaining to this Warrant (the kind, amount and price of such stock and Other Securities to be subject to adjustment as herein provided).

Appears in 2 contracts

Samples: Loan and Security Agreement (Dri Corp), Dri Corp

AutoNDA by SimpleDocs

Reorganization, Reclassification and Liquidation. (a) In the case of any reorganization or reclassification of the Common Stock Aggregate Shares or in the case of any consolidation of the Company with, or merger of the Company with, another Personcompany or corporation, or in the case of any sale, lease or conveyance of all, or substantially all, of the property, assets, business and goodwill of the Company as an entity, or on the occurrence of any other Change of Control, the holder of this Warrant shall thereafter have the right upon exercise to receive purchase the kind and amount of shares of stock and Other Securities and property receivable upon such reorganization, reclassification, consolidation, merger or sale by a holder of the number of shares of Common Stock which the holder of this Warrant would have received had all Warrant Shares issuable upon exercise of this Warrant been issued immediately prior to such reorganization, reclassification, consolidation, merger or sale, at a price equal to the Exercise Price then in effect pertaining to this Warrant (the kind, amount and price of such stock and Other Securities to be subject to adjustment as herein provided).

Appears in 1 contract

Samples: Corsair Components, Inc.

Reorganization, Reclassification and Liquidation. (a) In the case of any reorganization or reclassification of the Common Stock or in the case of any consolidation of the Company with, or merger of the Company with, another Personcompany or corporation, or in the case of any sale, lease or conveyance of all, or substantially all, of the property, assets, business and goodwill of the Company as an entity, or on the occurrence of any other a Change of Control, the holder of this Warrant shall thereafter have the right upon exercise to receive purchase the kind and amount of shares of stock and Other Securities and property receivable upon such reorganization, reclassification, consolidation, merger or sale by a holder of the number of shares of Common Stock which the holder of this Warrant would have received had all Warrant Shares issuable upon exercise of this Warrant been issued immediately prior to such reorganization, reclassification, consolidation, merger or sale, at a price equal to the Exercise Price then in effect pertaining to this Warrant (the kind, amount and price of such stock and Other Securities to be subject to adjustment as herein provided).

Appears in 1 contract

Samples: Akrion, Inc.

AutoNDA by SimpleDocs

Reorganization, Reclassification and Liquidation. (a) In the case of any reorganization or reclassification of the Company’s Class B Common Stock or in the case of any consolidation of the Company with, or merger of the Company with, another Personcompany or corporation, or in the case of any sale, lease or conveyance of all, or substantially all, of the property, assets, business and goodwill of the Company as an entity, or on the occurrence of any other Change of Control, the holder of this Warrant shall thereafter have the right upon exercise to receive purchase the kind and amount of shares of stock and Other Securities other securities and property receivable upon such reorganization, reclassification, consolidation, merger or sale by a holder of the number of shares of Class B Common Stock which the holder Holder of this Warrant would have received had all Warrant Shares issuable upon exercise of this Warrant been issued immediately prior to such reorganization, reclassification, consolidation, merger or sale, at a price equal to the Exercise Price then in effect pertaining to this Warrant (the kind, amount and price of such stock and Other Securities other securities to be subject to adjustment as herein provided).

Appears in 1 contract

Samples: Investment Representation Letter (Presidential Realty Corp/De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!