Common use of Adjustment for Reclassification, Exchange and Substitution Clause in Contracts

Adjustment for Reclassification, Exchange and Substitution. If at any time after the Date of Issuance the Warrant Shares issuable upon exercise of this Warrant are changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger or consolidation provided for elsewhere in this Section 2), in any such event this Warrant shall thereafter represent the right to receive upon exercise hereof the kind and amount of stock and other securities and property receivable in connection with such recapitalization, reclassification or other change with respect to the maximum number of Warrant Shares issuable upon exercise of this Warrant immediately prior to such recapitalization, reclassification or change, all subject to further adjustments as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (ITP Energy Corp), Warrant Agreement (Exabyte Corp /De/)

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Date of Issuance Commencement Date, the Warrant Common Shares issuable upon the exercise or conversion of this Warrant are is changed into the same or a different number of shares of any class or classes series of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger merger, consolidation or consolidation sale of assets provided for elsewhere in this Section 23), then in any such event the Holder shall have the right upon the exercise or conversion of this Warrant shall thereafter represent the right to receive upon exercise hereof the kind and amount of stock and other securities and property receivable in connection with upon such recapitalization, reclassification or other change with respect to by holders of the maximum number of Warrant Common Shares issuable upon exercise which the Holder of this Warrant could have received had such Warrant been exercised or converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustments adjustment as provided herein in this Warrant or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Sources: Purchase Agreement (Distributed Energy Systems Corp), Securities Purchase Agreement (Distributed Energy Systems Corp)

Adjustment for Reclassification, Exchange and Substitution. If at any time after the Date of Issuance while this Warrant, or any portion hereof, remains outstanding and unexpired, the Warrant Shares issuable upon exercise of this Warrant are changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger or consolidation provided for elsewhere in this Section 2), in any such event this Warrant shall thereafter represent the right to receive upon exercise hereof the kind and amount of stock and other securities and property receivable in connection with such recapitalization, reclassification or other change with respect to the maximum number of Warrant Shares issuable upon exercise of this Warrant immediately prior to such recapitalization, reclassification or change, all subject to further adjustments as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Cardinal Minerals Inc), Stock Option Agreement (Cardinal Minerals Inc)

Adjustment for Reclassification, Exchange and Substitution. If at any time or from time to time after the Date Original Issue Date, the Common Stock issuable upon the exercise of Issuance the Warrant Shares issuable upon exercise of this Warrant are is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger merger, consolidation or consolidation sale of assets provided for elsewhere in this Section 23), in any such event the holder of this Warrant shall thereafter represent have the right thereafter to receive upon exercise hereof this Warrant for the kind and amount of stock and other securities and property receivable in connection with upon such recapitalization, reclassification or other change with respect to by holders of the maximum number of Warrant Shares issuable upon exercise shares of Common Stock into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustments adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 2 contracts

Sources: Warrant for Purchase of Common Stock (Theglobe Com Inc), Warrant Agreement (Theglobe Com Inc)

Adjustment for Reclassification, Exchange and Substitution. If at any time after or from time to time during the Date term of Issuance this Warrant the Warrant Shares Common Stock issuable upon the exercise of this Warrant are is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision recapitalization, subdivision, combination, reclassification or combination of shares or stock dividend or a reorganization, merger or consolidation exchange provided for elsewhere in this Section 24), in any such event the Holder will have the right thereafter to exercise this Warrant shall thereafter represent the right to receive upon exercise hereof for the kind and amount of stock and other securities and property receivable in connection with upon such recapitalization, reclassification or other change with respect to into which the maximum number shares of Warrant Shares Common Stock issuable upon exercise of this Warrant immediately prior to such recapitalization, reclassification or changechange could have been converted, all subject to further adjustments adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Sources: License Agreement Warrant to Purchase Common Stock (Xsunx Inc)

Adjustment for Reclassification, Exchange and Substitution. If In the event that at any time or from time to time after the Date issuance of Issuance this Warrant the shares of the same class and series as the Warrant Shares issuable upon exercise of this Warrant are changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than by a subdivision or combination of shares or stock dividend Stock Event or a stock dividend, reorganization, merger or consolidation provided for elsewhere in this Section 23.3), then in any such event the Holder of this Warrant shall thereafter represent have the right thereafter to receive upon exercise hereof this Warrant into the kind and amount of stock and other securities and property receivable in connection with upon such recapitalization, reclassification or other change with respect to by holders of the maximum number of shares of the same class and series as the Warrant Shares issuable upon exercise of into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustments adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Sources: Warrant Agreement (EnerJex Resources, Inc.)

Adjustment for Reclassification, Exchange and Substitution. If ----------------------------------------------------------- at any time or from time to time after the Date Original Issue Date, the Common Stock issuable upon the exercise of Issuance the Warrant Shares issuable upon exercise of this Warrant are is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision or combination of shares or stock dividend or a reorganization, merger merger, consolidation or consolidation sale of assets provided for elsewhere in this Section 23), in any such event the holder of this Warrant shall thereafter represent have the right thereafter to receive upon exercise hereof this Warrant for the kind and amount of stock and other securities and property receivable in connection with upon such recapitalization, reclassification or other change with respect to by holders of the maximum number of Warrant Shares issuable upon exercise shares of Common Stock into which this Warrant could have been exercised immediately prior to such recapitalization, reclassification or change, all subject to further adjustments adjustment as provided herein or with respect to such other securities or property by the terms thereof.

Appears in 1 contract

Sources: Warrant for Purchase of Common Stock (Theglobe Com Inc)