Common use of Reclassification, Reorganization and Consolidation Clause in Contracts

Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the Common Stock (other than as a result of a subdivision, combination or stock dividend provided for in Section 4.1 above or Section 5 below) then, as a condition of such reclassification, reorganization or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holder of this Warrant, so that the holder of this Warrant shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization or change by a holder of the same number of shares of Common Stock as were purchasable by the holder of this Warrant immediately prior to such reclassification, reorganization or change.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.), Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.), Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.)

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Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the Common Stock (other than as a result of a subdivision, combination or stock dividend provided for in Section 4.1 above or Section 5 below) above), then, as a condition of such reclassification, reorganization or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holder of this Warrant, so that the holder of this Warrant shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization or change by a holder of the same number of shares of Common Stock as were purchasable by the holder of this Warrant immediately prior to such reclassification, reorganization or change.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Oxis International Inc)

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Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the Common Stock of the Company (other than as a result of a subdivision, combination combination, or stock dividend provided for in Section 4.1 above or Section 5 below8(a) above), then, as a condition of such reclassification, reorganization reorganization, or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holder of this WarrantHolder, so that the holder of this Warrant Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this WarrantExercise Price, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization reorganization, or change by a holder of the same number of shares of Common Stock as were purchasable by the holder of this Warrant Holder immediately prior to such reclassification, reorganization or change.reorganization, or

Appears in 1 contract

Samples: American Oriental Bioengineering Inc

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