Common use of Adjustment for Merger or Reorganization Clause in Contracts

Adjustment for Merger or Reorganization. In case of any capital reorganization or reclassification of the capital stock of the Company (other than a reclassification covered by Section 6.5(f)(2)), the Principal, Interest, and Default Interest shall thereafter be convertible into and Interest shall be payable by the number of shares of stock or other securities or property to which a holder of the number of shares of Common Stock would be entitled upon such reorganization or reclassification. In any such case, appropriate adjustment (as determined by the Board of Directors) shall be made in the application of these provisions set forth with respect to the rights and interest thereafter of the Lender, to the end that these provisions (including provisions with respect to changes in and other adjustments of the Conversion Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the conversion of Principal, Interest, and Default Interest or the payment of Interest.