Adjustments for Reclassification and Reorganization. If the Common Stock issuable upon exercise of this Warrant shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.6 or a merger or other reorganization referred to in Section 9.8), the Exercise Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that (i) this Warrant shall be exercisable for the number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the holders upon exercise of this Warrant immediately before that change.
Appears in 2 contracts
Sources: Warrant Agreement (First Montauk Financial Corp), Warrant Agreement (First Montauk Financial Corp)
Adjustments for Reclassification and Reorganization. If the Common Stock issuable upon exercise of this Warrant shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.6 or a merger or other reorganization referred to in Section 9.84.2), the Exercise Warrant Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that (i) this Warrant shall be exercisable for into, in lieu of the number of shares of Common Stock which the holders would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the holders upon exercise of this Warrant immediately before that change.
Appears in 2 contracts
Sources: Technology License Agreement (1st Net Technologies Inc), Warrant Agreement (1st Net Technologies Inc)
Adjustments for Reclassification and Reorganization. If the Common Stock issuable upon exercise of this Warrant hereunder shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for in Section 9.6 or a merger or other reorganization referred to in Section 9.8), 9.3(d) above) the Exercise applicable Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that (i) the Loans under this Warrant Agreement shall be exercisable for convertible into, in lieu of the number of shares of Common Stock which the Lender would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of Common Stock that would have been subject to receipt by the holders Lender upon exercise conversion of this Warrant the Loans immediately before that change.
Appears in 2 contracts
Sources: Secured Convertible Credit Facility and Security Agreement (Reed John E), Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc)