Common use of Reorganization or Reclassification Clause in Contracts

Reorganization or Reclassification. In case of any capital reorganization or any reclassification or similar transaction affecting the capital stock of the Company pursuant to a transaction not the subject of Section 9 below, this Warrant shall thereafter be exercisable for the number of shares of capital stock or other securities or property receivable upon such capital reorganization or reclassification of capital stock or other transaction, as the case may be, by a holder of the number of shares of Common Stock into which this Warrant was exercisable immediately prior to such capital reorganization or reclassification of capital stock; and, in any case, appropriate adjustment (as determined in good faith by the Board of Directors of the Company) shall be made for the application of the provisions herein set forth with respect to the rights and interests thereafter of the Holder to the end that the provisions set forth herein shall thereafter be applicable, as nearly as reasonably practicable, in relation to any shares of capital stock or other securities or property thereafter deliverable upon the exercise of this Warrant. An adjustment made pursuant to this Section 7(b) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Imall Inc), First Data Corp

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Reorganization or Reclassification. In case of any capital reorganization or any reclassification or similar transaction affecting of the capital stock of the Company (whether pursuant to a transaction not merger or consolidation or otherwise), or in the subject event of Section 9 belowany similar transaction, this each whole Warrant shall thereafter be exercisable for the number of shares of capital stock or other securities or property receivable upon such capital reorganization or reclassification of capital stock or other transaction, as the case may be, by a holder of the number of shares of Common Stock into which this such Warrant was exercisable immediately prior to such capital reorganization or reclassification of capital stock; and, in any case, appropriate adjustment (as determined in good faith by the Board of Directors of the Company) shall be made for the application of the provisions herein set forth with respect to the rights and interests thereafter of the Holder Holders of the Warrants to the end that the provisions set forth herein shall thereafter be applicable, as nearly as reasonably practicable, in relation to any shares of capital stock or other securities or property thereafter deliverable upon the exercise of this Warrantthe Warrants. An adjustment made pursuant to this Section 7(b8(b) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Form of Warrant Agreement (Internet Communications Corp)

Reorganization or Reclassification. In case of any capital ---------------------------------- reorganization or any reclassification or similar transaction affecting of the capital stock of the Company (whether pursuant to a transaction not merger or consolidation or otherwise), or in the subject event of Section 9 belowany similar transaction, this each whole Warrant shall thereafter be exercisable for the number of shares of capital stock or other securities or property receivable upon such capital reorganization or reclassification of capital stock or other transaction, as the case may be, by a holder of the number of shares of Common Stock into which this such Warrant was exercisable immediately prior to such capital reorganization or reclassification of capital stock; and, in any case, appropriate adjustment (as determined in good faith by the Board of Directors of the Company) shall be made for the application of the provisions herein set forth with respect to the rights and interests thereafter of the Holder Holders of the Warrants to the end that the provisions set forth herein shall thereafter be applicable, as nearly as reasonably practicable, in relation to any shares of capital stock or other securities or property thereafter deliverable upon the exercise of this Warrantthe Warrants. An adjustment made pursuant to this Section 7(b8(b) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Sunbeam Corp/Fl/)

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Reorganization or Reclassification. In case of any capital reorganization or any reclassification or similar transaction affecting of the capital stock of the Company (whether pursuant to a transaction not merger or consolidation or otherwise), or in the subject event of Section 9 belowany similar transaction, this Warrant shall thereafter be exercisable for the number of shares of capital stock or other securities or property receivable upon such capital reorganization or reclassification of capital stock or other transaction, as the case may be, by a holder of the number of shares of Common Stock into which this Warrant was exercisable immediately prior to such capital reorganization or reclassification of capital stock; and, in any case, appropriate adjustment (as determined in good faith by the Board of Directors of the Company) shall be made for the application of the provisions herein set forth with respect to the rights and interests thereafter of the Holder of this Warrant to the end that the provisions set forth herein shall thereafter be applicable, as nearly as reasonably practicable, in relation to any shares of capital stock or other securities or property thereafter deliverable upon the exercise of this Warrant. An adjustment made pursuant to this Section 7(b) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Settlement Agreement (Sunbeam Corp/Fl/)

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