Common use of Reclassifications Clause in Contracts

Reclassifications. A reclassification of the Common Shares (other than any such reclassification in connection with a merger or consolidation or sale to which Section 6.1(h) applies) into Common Shares and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Shares of such shares of such other class of stock for the purposes and within the meaning of Section 6.1(b) (and the effective date of such reclassification shall be deemed to be "the date for the determination of the holders of Common Shares entitled to receive such distribution" for the purposes and within the meaning of Section 6.1(b)) and, if the outstanding number of Common Shares shall be changed into a larger or smaller number of Common Shares as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding Common Shares for the purposes and within the meaning of Section 6.1(a) (and the effective date of such reclassification shall be deemed to be "the day upon which such subdivision or combination becomes effective" for the purposes and within the meaning of Section 6.1(a)).

Appears in 5 contracts

Samples: Warrant Agreement (Ascent Energy Inc), Warrant Agreement (Chesapeake Energy Corp), Warrant Agreement (Gothic Energy Corp)

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Reclassifications. A reclassification of the Common Shares (other than any such reclassification in connection with a merger or consolidation or sale to which Section 6.1(h5.1(h) applies) into Common Shares and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Shares of such shares of such other class of stock for the purposes and within the meaning of Section 6.1(b5.1(b) (and the effective date of such reclassification shall be deemed to be "the date for the determination of the holders of Common Shares entitled to receive such distribution" for the purposes and within the meaning of Section 6.1(b5.1(b)) and, if the outstanding number of Common Shares shall be changed into a larger or smaller number of Common Shares as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding Common Shares for the purposes and within the meaning of Section 6.1(a5.1(a) (and the effective date of such reclassification shall be deemed to be "the day upon which such subdivision or combination becomes effective" for the purposes and within the meaning of Section 6.1(a5.1(a)).

Appears in 5 contracts

Samples: 4 Warrant Agreement (Belco Oil & Gas Corp), Warrant Agreement (Joint Energy Development Investments Lp), Warrant Agreement (Conrad Industries Inc)

Reclassifications. A reclassification of the Common Shares (other than any such reclassification in connection with a merger or consolidation or sale to which Section 6.1(h5.1(g) appliesapplies and other than a change in par value, or from par value to no par value, or from no par value to par value) into Common Shares and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Shares of such shares of such other class of stock for the purposes and within the meaning of Section 6.1(b5.1(b) (and the effective date time of such reclassification shall be deemed to be "the date time for the determination of the holders of Common Shares entitled to receive such distribution" for the purposes and within the meaning of Section 6.1(b5.1(b)) and, if the outstanding number of Common Shares shall be changed into a larger or smaller number of Common Shares as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding Common Shares for the purposes and within the meaning of Section 6.1(a5.1(a) (and the effective date time of such reclassification shall be deemed to be "the day upon time as of which such subdivision or combination becomes effective" for the purposes and within the meaning of Section 6.1(a5.1(a)).

Appears in 2 contracts

Samples: Warrant Agreement (Forcenergy Inc), Warrant Agreement (Forcenergy Inc)

Reclassifications. A reclassification of the Common Shares Stock (other than any such reclassification in connection with a merger or consolidation or sale to which Section 6.1(hSECTION 5.1(H) applies) into shares of Common Shares Stock and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Shares Stock of such shares of such other class of stock for the purposes and within the meaning of Section 6.1(bSECTION 5.1(B) (and the effective date of such reclassification shall be deemed to be "the date for the determination of the holders of Common Shares Stock entitled to receive such distribution" for the purposes and within the meaning of Section 6.1(bSECTION 5.1(B)) and, if the outstanding number shares of Common Shares Stock shall be changed into a larger or smaller number of shares of Common Shares Stock as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding shares of Common Shares Stock for the purposes and within the meaning of Section 6.1(aSECTION 5.1(A) (and the effective date of such reclassification shall be deemed to be "the day upon which such subdivision or combination becomes effective" for the purposes and within the meaning of Section 6.1(aSECTION 5.1(A)).

Appears in 1 contract

Samples: Warrant Agreement (Metals Usa Inc)

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Reclassifications. A reclassification of the Common Shares (other than any such reclassification in connection with a merger or consolidation or sale to which Section 6.1(h) applies) into Common Shares and shares of any other class of stock shall be deemed a distribution by the Company to the holders of its Common Shares of such shares of such other class of stock for the purposes and within the meaning of Section 6.1(b) (and the effective date of such reclassification shall be deemed to be "the date for the determination of the holders of Common Shares entitled to receive such distribution" for the purposes and within the meaning of Section 6.1(b)) and, if the outstanding number of Common Shares shall be changed into a larger or smaller number of Common Shares as a part of such reclassification, such change shall be deemed a subdivision or combination, as the case may be, of the outstanding Common Shares for the purposes and within the meaning of Section 6.1(a) (and the effective date of such reclassification shall be deemed to be "the day upon which such subdivision or combination becomes effective" for the purposes and within the meaning of Section 6.1(a)).. (d)

Appears in 1 contract

Samples: Warrant Agreement (Ascent Energy Inc)

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