Common use of Reclassification, Reorganization or Merger Clause in Contracts

Reclassification, Reorganization or Merger. In case of any reclassification or capital reorganization of outstanding shares of Common Stock of the Company, or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation in which merger the Company is the continuing corporation and which does not result in any reclassification or capital reorganization of outstanding shares of Common Stock of the class issuable upon exercise of this Warrant) or in case of any sale, lease or conveyance to another corporation of the property of the Company as an entirety, the Company shall, as a condition precedent to such transaction, cause effective provisions to be made so that the Holder or any holder of a Warrant executed and delivered pursuant to Section 1 or Section 4 shall have the right thereafter by exercising the Warrant at any time prior to the expiration of the Warrant, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification or capital reorganization and consolidation, merger, sale or conveyance. Any such provision shall include provision for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in the Warrant. The foregoing provisions of this Section 9 shall similarly apply to successive reclassifications or capital reorganizations of shares of Common Stock and to successive consolidations, mergers, sales or conveyances. In the event that in connection with any such capital reorganization or reclassification, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for a security of the Company other than Common Stock, any such issue shall be treated as an issue of Common Stock covered by the provisions of Section 6(a) hereof.

Appears in 1 contract

Samples: Beijing Med Pharm Corp

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Reclassification, Reorganization or Merger. In case of any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of the Company, or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation a subsidiary in which merger the Company is the continuing corporation and which does not result in any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of or the class issuable upon exercise conversion of this WarrantNote) or in case of any sale, lease or conveyance to another corporation of the property of the Company as an entirety, the Company shall, as a condition precedent to such transaction, cause effective provisions to be made so that the Holder or any holder of a Warrant executed and delivered pursuant to Section 1 or Section 4 this Note shall have the right thereafter by exercising the Warrant at any time prior to the expiration of the Warrantconverting this Note, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification or reclassification, capital reorganization and other change, consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock which might have been purchased upon conversion of this Note immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. Any such provision shall include provision for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in the Warrantthis Note. The foregoing provisions of this Section 9 3(e) shall similarly apply to successive reclassifications or reclassifications, capital reorganizations and changes of shares of Common Stock and to successive consolidations, mergers, sales or conveyances. In the event that in connection with any such capital reorganization or reclassification, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for a security of the Company other than Common Stock, any such issue transaction shall be treated as an issue of Common Stock covered by the provisions of a reclassification or reorganization pursuant to this Section 6(a) hereof3(e).

Appears in 1 contract

Samples: MFC Development Corp

Reclassification, Reorganization or Merger. (a) In case of any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of the Company, or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation in which merger the Company is the continuing corporation and which does not result in any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of the class issuable upon exercise of this Warrant) or in case of any sale, lease or conveyance to another corporation of the property of the Company as an entirety, the Company shall, as a condition precedent to such transaction, cause effective provisions to be made so that the Holder or any holder of a Warrant executed and delivered pursuant to Section 1 or Section 4 shall have the right thereafter by exercising the Warrant at any time prior to the expiration of the this Warrant, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification or reclassification, capital reorganization and other change, consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock which might have been purchased upon exercise of this Warrant immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. Any such provision shall include provision for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in the this Warrant. The foregoing provisions of this Section 9 9(a) shall similarly apply to successive reclassifications or reclassifications, capital reorganizations and changes of shares of Common Stock and to successive consolidations, mergers, sales or conveyances. In the event that in connection with any such capital reorganization or reclassification, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for a security of the Company other than Common Stock, any such issue shall be treated as an issue of Common Stock covered by the provisions of Section 6(a) hereof.

Appears in 1 contract

Samples: Adsouth Partners, Inc.

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Reclassification, Reorganization or Merger. In case of any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of the Company, or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation a subsidiary in which merger the Company is the continuing corporation and which does not result in any reclassification or reclassification, capital reorganization or other change of outstanding shares of Common Stock of or the class issuable upon exercise conversion of this WarrantNote) or in case of any sale, lease or conveyance to another corporation of the property of the Company as an entirety, the Company shall, as a condition precedent to such transaction, cause effective provisions to be made so that the Holder or any holder of a Warrant executed and delivered pursuant to Section 1 or Section 4 this Note shall have the right thereafter by exercising the Warrant at any time prior to the expiration of the Warrantconverting this Note, to purchase the kind and amount of shares of stock and other securities and property receivable upon such reclassification or reclassification, capital reorganization and other change, consolidation, merger, sale or conveyance by the Holder of the number of shares of Common Stock which might have been acquired upon conversion of this Note immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. Any such provision shall include provision for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in the Warrantthis Note. The foregoing provisions of this Section 9 1.5 shall similarly apply to successive reclassifications or reclassifications, capital reorganizations and changes of shares of Common Stock and to successive consolidations, mergers, sales or conveyances. In the event that in connection with any such capital reorganization or reclassification, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for a security of the Company other than Common Stock, any such issue shall be treated as an issue of Common Stock covered by the provisions of Section 6(a) hereof.

Appears in 1 contract

Samples: Quality Products Inc

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