Common use of Reclassification, Exchange, Combinations or Substitution Clause in Contracts

Reclassification, Exchange, Combinations or Substitution. Upon any reclassification, exchange, substitution, recapitalization, reorganization or other event affecting the outstanding shares of the Class, Holder shall be entitled to receive, upon exercise or conversion of this Warrant, the number and kind of securities and property that Holder would have received for the Shares if this Warrant had been exercised in full immediately before such reclassification, exchange, substitution, recapitalization, reorganization or other event, at an aggregate Warrant Price not exceeding the aggregate Warrant Price in effect as of immediately prior thereto. The Company or its successor shall promptly issue to Holder a certificate pursuant to Article 2.6 hereof setting forth the number, class and series or other designation of such new securities or other property issuable upon exercise or conversion of this Warrant as a result of such reclassification, exchange, substitution, recapitalization, reorganization or other event. The provisions of this Article 2.2 shall similarly apply to successive reclassifications, exchanges, substitutions, recapitalizations, reorganizations and other events.

Appears in 4 contracts

Samples: Alimera Sciences Inc, Alimera Sciences Inc, Alimera Sciences Inc

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Reclassification, Exchange, Combinations or Substitution. Upon In the event of any recapitalization, reclassification, exchange, substitution, recapitalizationcombination, reorganization reorganization, merger, consolidation, liquidation or similar transaction or other event affecting that results in the outstanding shares of the ClassCommon Stock being converted into or exchanged for securities, cash or property (other than in connection with an Acquisition that results in automatic exercise subject to Section 1.4.1), Holder shall be entitled to receive, upon exercise or conversion of this Warrant, the number and kind of securities and property that Holder would have received for the Shares if this Warrant had been exercised in full immediately before such reclassification, exchange, substitution, recapitalization, reorganization or other event, at an aggregate Warrant Price not exceeding the aggregate Warrant Price in effect as of immediately prior thereto. The Company or its successor successor, if applicable, shall promptly issue to Holder a certificate pursuant an amendment to Article 2.6 hereof this Warrant setting forth the number, class number and series or other designation kind of such new securities or other property issuable upon exercise or conversion of this Warrant as a result of such reclassificationevent. The amendment to this Warrant shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article 2 including, exchangewithout limitation, substitution, recapitalization, reorganization adjustments to the Exercise Price and to the number of securities or other eventproperty issuable upon exercise of the new Warrant. The provisions of this Article Section 2.2 shall similarly apply to successive reclassifications, exchanges, substitutions, recapitalizations, reorganizations and or other events.

Appears in 2 contracts

Samples: Epizyme, Inc., HUTCHMED (China) LTD

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Reclassification, Exchange, Combinations or Substitution. Upon any reclassification, exchange, substitution, recapitalization, reorganization or other event affecting the outstanding shares of the Class, Holder shall be entitled to receive, upon exercise or conversion of this Warrant, the number and kind of securities and property that Holder would have received for the Shares if this Warrant had been exercised in full immediately before such reclassification, exchange, substitution, recapitalization, reorganization or other event, at an aggregate Warrant Price not exceeding the aggregate Warrant Price in effect as of immediately prior thereto. The Company or its successor shall promptly issue to Holder a certificate pursuant to Article 2.6 2.4 hereof setting forth the number, class and series or other designation of such new securities or other property issuable upon exercise or conversion of this Warrant as a result of such reclassification, exchange, substitution, recapitalization, reorganization or other event. The provisions of this Article 2.2 shall similarly apply to successive reclassifications, exchanges, substitutions, recapitalizations, reorganizations and other events.

Appears in 1 contract

Samples: Synacor, Inc.

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