Common use of Reorganization, Reclassification Clause in Contracts

Reorganization, Reclassification. In the event of a reorganization, share exchange, or reclassification, other than a change in par value, or from par value to no par value, or from no par value to par value or a transaction described in subsection (c) or (d) below, this Warrant shall, after such reorganization, share exchange or reclassification (a "Reclassification Event"), be exercisable at the option of the holder into the kind and number of shares of stock or other securities or other property of the Company which the holder of this Warrant would have been entitled to receive if the holder had held the Warrant Shares issuable upon exercise of this Warrant immediately prior to such reorganization, share exchange, or reclassification.

Appears in 3 contracts

Samples: Warrant Agreement (Danskin Investors LLC), Warrant Agreement (Danskin Investors LLC), Warrant Agreement (Danskin Inc)

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Reorganization, Reclassification. In the event of a reorganization, share exchange, or reclassification, other than a change in par value, or from par value to no par value, or from no par value to par value or a transaction described in subsection (cb) or (dc) below, this Warrant shall, after such reorganization, share exchange or reclassification (a "Reclassification Event")reclassification, be exercisable at the option of the holder into the kind and number of shares of stock or other securities or other property of the Company which the holder of this Warrant would have been entitled to receive if the holder had held the Warrant Shares issuable upon exercise of this Warrant immediately prior to such reorganization, share exchange, or reclassification.

Appears in 1 contract

Samples: Subscription Agreement (Espeed Inc)

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