Common use of Adjustment Upon Capital Reorganization or Reclassification Clause in Contracts

Adjustment Upon Capital Reorganization or Reclassification. If the Common Stock shall be changed into the same or different number of shares of any other class or classes of capital stock, whether by capital reorganization, recapitalization, reclassification or otherwise (other than an Extraordinary Common Stock Event provided for in Section 3.2, a dividend or other distribution provided for in Section 3.3, or a merger or other transaction provided for in Section 3.5), then and in each such event, the Holder shall have the right thereafter to receive, upon exercise of this Warrant, in lieu of the number of shares of Common Stock which the Holder would otherwise have been entitled to receive, the kind and amount of shares of capital stock and other securities and property receivable upon such reorganization, recapitalization, reclassification or other change by the holders of the number of shares of Common Stock for which this Warrant could have been exercised immediately prior to such reorganization, recapitalization, reclassification or change, all subject to further adjustment as provided herein.

Appears in 6 contracts

Samples: Warp Technology Holdings Inc, Halo Technology Holdings, Inc., Warp Technology Holdings Inc

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Adjustment Upon Capital Reorganization or Reclassification. If the Buyer Common Stock shall be changed into the same or different number of shares of any other class or classes of capital stock, whether by capital reorganization, recapitalization, reclassification or otherwise (other than an Extraordinary Common Stock Event provided for in Section 3.26.1, a dividend or other distribution provided for in Section 3.36.2, or a merger or other transaction provided for in Section 3.56.4), then and in each such event, the Holder shall have the right thereafter to receive, upon exercise conversion of this WarrantNote, in lieu of the number of shares of Buyer Common Stock which the Holder would otherwise have been entitled to receive, the kind and amount of shares of capital stock and other securities and property receivable upon such reorganization, recapitalization, reclassification or other change by the holders of the number of shares of Buyer Common Stock for which this Warrant Note could have been exercised converted immediately prior to such reorganization, recapitalization, reclassification or change, all subject to further adjustment as provided herein.

Appears in 2 contracts

Samples: Merger Agreement (Unify Corp), Merger Agreement (Unify Corp)

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