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

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the exercise of the 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 3), in any such event the holder of this Warrant shall have the right thereafter to exercise this Warrant for 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 into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Samples: Theglobe Com Inc, Theglobe Com Inc

AutoNDA by SimpleDocs

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue Date, Date of Issuance the Common Stock Warrant Shares issuable upon the exercise of the this Warrant is are 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, merger or consolidation or sale of assets provided for elsewhere in this Section 32), in any such event the holder of this Warrant shall have thereafter represent the right thereafter to receive upon exercise this Warrant for hereof the kind and amount of stock and other securities and property receivable upon in connection with such recapitalization, reclassification or other change by holders of with respect to the maximum number of shares Warrant Shares issuable upon exercise of Common Stock into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment adjustments as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Samples: Exercise Agreement (Exabyte Corp /De/), ITP Energy Corp

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Original Issue Commencement Date, the Common Stock Shares issuable upon the exercise or conversion of the this Warrant is changed into the same or a different number of shares of any class or classes series 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 3), then in any such event the holder of this Warrant Holder shall have the right thereafter to upon the exercise or conversion of this Warrant for 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 Common Shares which the Holder of Common Stock into which this Warrant could have received had such Warrant been exercised or converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein in this Warrant or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Samples: Purchase Agreement, Company Security And (Distributed Energy Systems Corp), Securities Purchase Agreement (Distributed Energy Systems Corp)

Adjustment for Reclassification, Exchange and Substitution. If at any time while this Warrant, or from time to time after the Original Issue Dateany portion hereof, remains outstanding and unexpired, the Common Stock Warrant Shares issuable upon the exercise of the this Warrant is are 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, merger or consolidation or sale of assets provided for elsewhere in this Section 32), in any such event the holder of this Warrant shall have thereafter represent the right thereafter to receive upon exercise this Warrant for hereof the kind and amount of stock and other securities and property receivable upon in connection with such recapitalization, reclassification or other change by holders of with respect to the maximum number of shares Warrant Shares issuable upon exercise of Common Stock into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment adjustments as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Cardinal Minerals Inc), Exercise Agreement (Cardinal Minerals Inc)

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after during the Original Issue Date, term of this Warrant the Common Stock issuable upon the exercise of the 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 recapitalization, subdivision, combination, reclassification or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets exchange provided for elsewhere in this Section 34), in any such event the holder of this Warrant shall Holder will have the right thereafter to exercise this Warrant for the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of into which the maximum number of shares of Common Stock into which issuable upon exercise of this Warrant could have been exercised immediately prior to such recapitalization, reclassification or changechange could have been converted, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: License Agreement (Xsunx Inc)

AutoNDA by SimpleDocs

Adjustment for Reclassification, Exchange and Substitution. If In the event that at any time or from time to time after the Original Issue Date, issuance of this Warrant the Common Stock issuable upon the exercise shares of the same class and series as the Warrant is Shares are 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 by a subdivision or combination of shares or stock dividend Stock Event or a stock dividend, reorganization, merger, merger or consolidation or sale of assets provided for elsewhere in this Section 33.3), then in any such event the holder Holder of this Warrant shall have the right thereafter to exercise this Warrant for into 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 the same class and series as the Warrant Shares into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Stock Purchase Warrant (EnerJex Resources, Inc.)

Adjustment for Reclassification, Exchange and Substitution. If ----------------------------------------------------------- at any time or from time to time after the Original Issue Date, the Common Stock issuable upon the exercise of the 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 3), in any such event the holder of this Warrant shall have the right thereafter to exercise this Warrant for 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 into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Samples: Theglobe Com Inc

Time is Money Join Law Insider Premium to draft better contracts faster.