Common use of Reorganizations, Mergers, Consolidations or Sales of Assets Clause in Contracts

Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or from time to time after the Issue Date, there is a capital reorganization of the Common Stock (other than a Liquidation Event or a recapitalization, subdivision, combination, reclassification, exchange or substitution of shares provided for elsewhere in this Section H), as a part of such capital reorganization, provision shall be made so that the holders of the Convertible Preferred Stock shall receive on an As-Converted-to-Common-Stock-Basis the number of shares of stock or other securities or property of the Corporation to which a holder of the number of shares of Common Stock would have been entitled in such event, subject to adjustment as provided herein with respect to such stock or securities by the terms thereof. In any such case, appropriate adjustment shall be made in the application of the provisions of this Section H with respect to the rights of the holders of Convertible Preferred Stock after the capital reorganization to the end that the provisions of this Section H (including adjustment of the Conversion Price then in effect) shall be applicable after that event and be as nearly equivalent as practicable.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Avenue Capital Management II, L.P.), USFreightways Corp, USFreightways Corp

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Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or from time to time after the Original Issue Date, there is a Change in Control transaction or other capital reorganization of the Common Stock (other than a Liquidation Event or a recapitalization, subdivision, combination, reclassification, exchange or substitution of shares provided for elsewhere in this Section Hshares), as a part of such Change in Control transaction or capital reorganization, this Warrant shall be deemed exercised and provision shall be made so that the holders of the Convertible Preferred Stock Holder shall thereafter be entitled to receive on an As-Converted-to-Common-Stock-Basis the number of shares of stock or other securities or property of the Corporation to which a holder of the number of shares of Common Stock deliverable upon exercise of this Warrant would have been entitled on such Change in such eventControl transaction or capital reorganization, subject to adjustment as provided herein with in respect to of such stock or securities by the terms thereof. In any such case, appropriate adjustment shall be made in the application of the provisions of this Section H 9 with respect to the rights of the holders of Convertible Preferred Stock Holder after the Change in Control transaction or capital reorganization to the end effect that the provisions of this Section H (including adjustment of the Conversion Price then in effect) 9 shall be applicable after that event and be as nearly equivalent as practicable.

Appears in 1 contract

Samples: AmpliPhi Biosciences Corp

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