Common use of Adjustment for Reclassification, Reorganization or Merger Clause in Contracts

Adjustment for Reclassification, Reorganization or Merger. In case of any reclassification or change of the outstanding securities of Matritech or of any reorganization of Matritech (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) or any similar corporate reorganization on or after the date hereof, 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, reorganization, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in paragraphs (a) and (c); and in each such case, the terms of this Section 3 shall be applicable to the shares of stock or other securities properly receivable upon the exercise of this Warrant after such consummation.

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Matritech Inc/De/), Matritech Inc/De/

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Adjustment for Reclassification, Reorganization or Merger. In case of any reclassification or change of the outstanding securities of Matritech the Company or of any reorganization of Matritech the Company (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) or any similar corporate reorganization on or after the date hereof, 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, reorganization, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in paragraphs (a) and (c)) of this Section 2; and in each such case, the terms of this Section 3 2 shall be applicable to the shares of stock or other securities properly receivable upon the exercise of this Warrant after such consummation.

Appears in 2 contracts

Samples: Accelgraphics Inc, Accelgraphics Inc

Adjustment for Reclassification, Reorganization or Merger. In case of If any reclassification or change of the outstanding securities of Matritech the Company or of any reorganization of Matritech the Company (or any other corporation the stock or securities of which are at the time receivable issuable upon the exercise of this Warrant) or any similar corporate reorganization on or after the date hereofreorganization, then then, and in each such case the holder of this Warrantcase, upon the exercise hereof of this Warrant at any time after the consummation of such reclassification, change, or reorganization, merger or conveyance, the Registered Holder shall be entitled to receive, in lieu of the stock or other securities and and/or property receivable upon the exercise hereof prior to such consummation, the stock or other securities or and/or property to which such holder Registered Holder would have been entitled upon consummation of such consummation transaction if such holder Registered Holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in paragraphs (a) and (c)) of this Section 2.2; and in each such case, the terms of this Section 3 2.2 shall be applicable to the shares of stock or other securities properly receivable and/or property issuable upon the exercise of this Warrant after consummation of each such consummationtransaction.

Appears in 1 contract

Samples: Second Warrant and Senior Subordinated Convertible Note Purchase Agreement (Dynacs Inc)

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Adjustment for Reclassification, Reorganization or Merger. In case of any reclassification or change of the outstanding securities of Matritech Celtrix or of any reorganization of Matritech Celtrix (or any other corporation the stock or securities of which are at the time receivable upon the exercise of this Warrant) or any similar corporate reorganization on or after the date hereof, 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, reorganization, merger or conveyance, shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which such holder would have been entitled upon such consummation if such holder had exercised this Warrant immediately prior thereto, all subject to further adjustment as provided in paragraphs (a) and (c); and in each such case, the terms of this Section 3 shall be applicable to the shares of stock or other securities properly receivable upon the exercise of this Warrant after such consummation.

Appears in 1 contract

Samples: And Warrant Purchase Agreement (Celtrix Pharmaceuticals Inc)

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