Common use of Adjustments for Reclassifications Clause in Contracts

Adjustments for Reclassifications. If prior to the conversion set forth in Section 2, the outstanding shares of the Common Stock are changed into or exchanged for a different kind of shares or other securities of the Company (hereinafter, a “Capitalization Event”), then the kind of shares or other securities issuable upon the conversion set forth in Section 2 shall be adjusted so that the kind of shares or other securities to be received under such conversion after such Capitalization Event are the same as that which would have been held following the Capitalization Event had a similar conversion taken place immediately prior to the Capitalization Event.

Appears in 6 contracts

Samples: Unsecured Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc)

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Adjustments for Reclassifications. If prior to the conversion set --------------------------------- forth in Section 2, the outstanding shares of the Common Stock are changed into or exchanged for a different kind of shares or other securities of the Company (hereinafter, a "Capitalization Event"), then the kind of shares or other securities issuable upon the conversion set forth in Section 2 shall be adjusted so that the kind of shares or other securities to be received under such conversion after such Capitalization Event are the same as that which would have been held following the Capitalization Event had a similar conversion taken place immediately prior to the Capitalization Event.

Appears in 5 contracts

Samples: Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc)

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Adjustments for Reclassifications. If prior to the conversion --------------------------------- set forth in Section 2, the outstanding shares of the Common Stock are changed into or exchanged for a different kind of shares or other securities of the Company (hereinafter, a "Capitalization Event"), then the kind of shares or other securities issuable upon the conversion set forth in Section 2 shall be adjusted so that the kind of shares or other securities to be received under such conversion after such Capitalization Event are the same as that which would have been held following the Capitalization Event had a similar conversion taken place immediately prior to the Capitalization Event.

Appears in 3 contracts

Samples: Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc), Loan Agreement (Mediabin Inc)

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