Common use of Adjustment for Reclassification, Exchange and Substitution Clause in Contracts

Adjustment for Reclassification, Exchange and Substitution. In the event that at any time or from time to time on or after the Original Issuance Date, the Common Stock issuable upon the exercise of the Warrants is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets, provided for elsewhere in this Section 4), then and in any such event each Holder of Warrants shall have the right thereafter to exercise such Warrant to receive the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change, by holders of the maximum number of shares of Common Stock for which such Warrants could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein.

Appears in 17 contracts

Samples: Warrant Signature Page (Beacon Enterprise Solutions Group Inc), Warrant Signature Page (Xa, Inc.), Warrant Signature Page (Xa, Inc.)

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Adjustment for Reclassification, Exchange and Substitution. In the event that at any time or from time to time times on or after the Original Issuance Date, Date the Common Stock issuable upon the exercise of the Warrants is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets, provided for elsewhere in this Section 4), then 4)—then and in any such event event, each Holder of Warrants shall have the right thereafter to exercise such Warrant Warrants to receive the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification reclassification, or other change, change by holders of the maximum number of shares of Common Stock for which such Warrants could have been exercised immediately prior to such recapitalization, reclassification reclassification, or change, all subject to further adjustment as provided herein.

Appears in 3 contracts

Samples: Warrant Signature (CMG Holdings, Inc.), Warrant Signature (CMG Holdings, Inc.), Warrant Signature Page (NXT-Id, Inc.)

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Adjustment for Reclassification, Exchange and Substitution. In the event that at any time or from time to time on or after the Original Issuance Date, the Common Stock issuable upon the exercise of the Warrants this Warrant is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets, provided for elsewhere in this Section 45), then and in any such event each the Holder of Warrants this Warrant shall have the right thereafter to upon exercise such of this Warrant to receive the kind and amount of stock and other securities and property receivable by holders of Common Stock upon such recapitalization, reclassification or other change, by holders of that the maximum number of shares of Common Stock for which such Warrants could Holder would have received if this Warrant had been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Warrant And (DecisionPoint Systems, Inc.), Hamptons Extreme, Inc.

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