Common use of Adjustment for Reclassification or Reorganization Clause in Contracts

Adjustment for Reclassification or Reorganization. In case of any reclassification or change of the outstanding securities of the Company or of any consolidation, merger or reorganization of the Company on or after the Effective Date, then and in each such case the Holder of this Warrant, upon the exercise hereof at any time after the consummation of such reclassification, change, consolidation, merger or reorganization, shall be entitled to receive, in lieu of or in addition to the shares or other securities and property receivable upon the exercise hereof prior to such reclassification, change, consolidation, merger or reorganization, the shares or other securities to which such Holder would have been entitled upon such reclassification, change, consolidation, merger or reorganization if such Holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided elsewhere in this Section 4; in each such case, the terms of this Section 4 shall be applicable to the shares or other securities or property receivable upon the exercise of this Warrant after such consummation. In such case the Exercise Price shall be adjusted appropriately such that the aggregate Exercise Price of all Warrant Shares that are subject to this Warrant shall not change.

Appears in 3 contracts

Samples: Gamida Cell Ltd., Gamida Cell Ltd., AI Gamida Holdings LLC

AutoNDA by SimpleDocs

Adjustment for Reclassification or Reorganization. In case of any capital reorganization or reclassification or change of the outstanding securities capital stock of the Company or of any consolidationCorporation (other than a reclassification covered by Section 5.1(ii)), merger or reorganization of the Company on or after the Effective Date, then and in each such case the Holder of this Warrant, hereof shall thereafter be entitled upon the exercise hereof at any time after the consummation of such reclassification, change, consolidation, merger or reorganization, shall be entitled this Warrant to receive, in lieu of or in addition to the shares of Common Stock for which this Warrant was exercisable prior to such reorganization or reclassification, the number of shares of stock or other securities and or property receivable to which a holder of the number of shares of Common Stock of the Corporation deliverable upon the exercise hereof prior to such reclassification, change, consolidation, merger or reorganization, the shares or other securities to which such Holder of this Warrant would have been entitled upon such reorganization or reclassification, change, consolidation, merger or reorganization if such Holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided elsewhere in this Section 4; in each . In any such case, appropriate adjustments (as determined by the terms board of directors) shall be made in the application of the provisions of this Section 4 shall be applicable 5 set forth with respect to the shares or other securities or property receivable rights and interest thereafter of the holders Common Stock issuable upon the exercise of this Warrant after such consummation. In such case Warrant, to the Exercise Price shall be adjusted appropriately such end that the aggregate Exercise Price provisions of all Warrant Shares that are subject this Section 5 (including provisions with respect to changes in and other adjustments of the Number of Shares) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of this Warrant shall not changeWarrant.

Appears in 2 contracts

Samples: Americasdoctor Com Inc, Americasdoctor Com Inc

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