Common use of Reorganization, Reclassification, Consolidation or Merger Clause in Contracts

Reorganization, Reclassification, Consolidation or Merger. The shares of Common Stock issuable upon exercise of this Warrant shall be adjusted as follows: (a) in the event of any merger, consolidation or reorganization of the Company with any other corporation or corporations, there shall be substituted, on an equitable basis, for each such share of Common Stock the number and kind of shares of stock or other securities to which the holders of each share of Common Stock of the Company will be entitled pursuant to the transaction; and (b) in the event of any other substantially similar change in the capitalization of the Company (other than cash dividends in the ordinary course of business), an equitable adjustment shall be provided in the number of shares of Common Stock. In the event of any such adjustment the purchase price per share shall be proportionately adjusted.

Appears in 5 contracts

Samples: Exercise Agreement (Boston Chicken Inc), Warrant Purchase Agreement (Boston Chicken Inc), Exercise Agreement (Boston Chicken Inc)

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