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

Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon conversion of this Note at any time or from time to time after the original date of issuance of this Note shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for herein, or a reorganization, merger, consolidation, or sale of assets provided for herein, then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the Holder shall have the right thereafter to convert this Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange substitution or other change, by holders of the number of shares of Common Stock into which such Note might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 3 contracts

Samples: POSITIVEID Corp, Airborne Wireless Network, Airborne Wireless Network

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Adjustment for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of this Note the Convertible Notes at any time or from time to time after the original date of issuance of this Note Original Issuance Date shall be changed to into the same or different number of shares of any class or classes of stock, whether by capital reorganization, reclassification, exchange, substitution or otherwise (other than by way of a stock split split, subdivision or combination of shares or stock dividends provided for hereinin Section 4.5(a) above, stock or other dividend or distribution provided for in Section 4.5(b) or (c) above, or a reorganization, merger, consolidation, Business Combination or sale of assets provided for hereinin Section 4.5(e) below), then, then and in each event, such event an appropriate revision to the applicable Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the Holder shall have the right thereafter to convert this each Convertible Note into the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification, exchange exchange, substitution or other change, by as holders of the number of shares of Common Stock into which such Convertible Note might have been converted immediately prior to such reorganization, reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Senior Secured Convertible Note Purchase and Guarantee Agreement (Airspan Networks Holdings Inc.), Convertible Note Purchase and Guarantee Agreement (Airspan Networks Holdings Inc.)

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