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

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination or shares provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note shall be convertible 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 conversion of this Note immediately before that change.

Appears in 6 contracts

Samples: Sands Brothers Venture Capital Ii LLLC, RS Properties I LLC, Sands Brothers Venture Capital Ii LLLC

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Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series B Preferred shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination or of shares provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note Series B Preferred shall be convertible into, in lieu of the number of shares of Common Stock which the Holder holders 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 holders upon conversion of this Note the Series B Preferred immediately before that change.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Agilent Technologies Inc), Preferred Stock Purchase Agreement (Agilent Technologies Inc)

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Loan shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification reclas sification or otherwise (other than a subdivision or combination or of shares provided for above), the applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note Loan shall be convertible into, in lieu of the number of shares of Common Stock which the Holder Lenders 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 Lenders upon conversion of this Note the Loan immediately before that change.

Appears in 1 contract

Samples: Loan Agreement (Euroventures Benelux I B V)

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series B Preferred shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification reclassification, or otherwise (other than a subdivision or combination or of shares provided for above), then and in each such event the Conversion Price then in effect shall, concurrently with holder of each share of Series B Preferred shall have the effectiveness right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note shall be convertible into, in lieu reclassification or other change by holders 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 common stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the Holder holders upon conversion of this Note the Series B Preferred immediately before that change, all subject to further adjustment as provided herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Information Architects Corp)

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Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series B and subsequent exchange of the Class B Common for Common Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination or of shares provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Stock issuable upon conversion of this Note Series B shall be convertible into, in lieu of the number of shares of Common Stock which the Holder holders 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 holders upon conversion of this Note the Series B immediately before that change.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Ia Corp)

Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification reclassification, or otherwise (other than a subdivision or combination or of shares provided for above), the Series A Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted such that the Common Preferred Stock issuable upon conversion of this Note shall be convertible into, in lieu of the number of shares of Common Stock which the Holder holders 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 conversion of this Note immediately before that change.would

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Adknowledge Inc)

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