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

Adjustments for Reclassification, Exchange and Substitution. Upon a Notice Event (as defined below), if the Common Stock issuable upon exercise of this Warrant shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, merger, reclassification or otherwise (other than a subdivision or combination of shares provided for above) this Warrant shall thereafter be exercisable into, in lieu of the number of shares of Common Stock which the Holder would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Holder upon exercise of this Warrant immediately before that change.

Appears in 15 contracts

Samples: Analex Corp, MTM Technologies, Inc., MTM Technologies, Inc.

AutoNDA by SimpleDocs

Adjustments for Reclassification, Exchange and Substitution. Upon a Notice Event (as defined below), if the Common Preferred Stock issuable upon exercise of this Warrant shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, merger, reclassification or otherwise (other than a subdivision or combination of shares provided for above) this Warrant shall thereafter be exercisable into, in lieu of the number of shares of Common Preferred Stock which the Holder would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Preferred Stock that would have been subject to receipt by the Holder upon exercise of this Warrant immediately before that change.

Appears in 6 contracts

Samples: Purchase Preferred (MTM Technologies, Inc.), MTM Technologies, Inc., MTM Technologies, Inc.

AutoNDA by SimpleDocs

Adjustments for Reclassification, Exchange and Substitution. Upon a Notice Event (as defined below), if the Common Stock issuable upon exercise of this Warrant shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, merger, reclassification or otherwise (other than a subdivision or combination of shares provided for above) this Warrant shall thereafter be exercisable into, in lieu of the number of shares of Common Stock which the Holder would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Holder upon exercise of this Warrant immediately before that change.of

Appears in 1 contract

Samples: Analex Corp

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