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 13 contracts

Samples: Warrant Signature (Xa, Inc.), Warrant Signature (Xa, Inc.), Warrant Signature (Xa, 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 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 Warrants to receive purchase 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 2 contracts

Samples: Patron Systems Inc, Patron Systems Inc

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 1 contract

Samples: Warrant Signature (Xa, Inc.)

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Adjustment for Reclassification, Exchange and Substitution. In the ---------------------------------------------------------- event that If at any ---------------------------------------------------------- time or from time to time on or after the Original Issuance Datetime, 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 shares, a stock dividend or a reorganization, merger, consolidation or sale of assets, assets provided for elsewhere in this SECTION 4Article II), then and in any such event each --------- the Holder of Warrants shall have the right thereafter to exercise such this Warrant to receive for the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change, change by holders of the maximum number of shares of Common Stock for which such Warrants this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein.herein or with respect to such other securities or property by the terms thereof. No adjustment shall be made pursuant to this

Appears in 1 contract

Samples: Intek Information Inc

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