Common use of Adjustments for Reclassification, Exchange or Substitution Clause in Contracts

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series CC Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i), (ii) and (iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series CC Preferred Stock shall have the right thereafter to convert such share of Series CC Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of Series CC Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Securities Issuance and Exchange Agreement (Pressure Biosciences Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock Conversion Shares issuable upon conversion of the Series CC A-1 Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i), (ii) and (iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series CC A-1 Preferred Stock shall have the right thereafter to convert such share of Series CC A-1 Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock Conversion Shares into which such share of Series CC A-1 Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Exchange Agreement (Imageware Systems Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series CC A Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i4(e)(i), (ii) and (iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v4(e)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series CC A Preferred Stock shall have the right thereafter to convert such share of Series CC A Preferred Stock into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of Series CC A Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Exchange Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock Conversion Shares issuable upon conversion of the Series CC C-1 Preferred Stock at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i) and(ii), an Organic Change (iias defined below) and (iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v)) or a Liquidation Event or Deemed Liquidation Event), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series CC C-1 Preferred Stock shall have the right thereafter to convert such share of Series CC C-1 Preferred Stock into the kind and amount of shares of stock and other securities receivable upon such reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock Conversion Shares into which such share of Series CC C-1 Preferred Stock might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Exchange Agreement (Imageware Systems Inc)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock issuable upon conversion of the Series CC Preferred Stock this Note at any time or from time to time after the Issuance Date shall be changed to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i3.6(a)(i), (ii) and (iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v3.6(a)(v)), then, and in each event, an appropriate revision to the Conversion Price and the Alternative Conversion Price Floor shall be made and provisions shall be made (by adjustments of the Conversion Price and the Alternative Conversion Price Floor or otherwise) so that the holder of each share of Series CC Preferred Stock Holder shall have the right thereafter to convert such share of Series CC Preferred Stock this Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common Stock into which such share of Series CC Preferred Stock Note might have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Note (Satcon Technology Corp)

Adjustments for Reclassification, Exchange or Substitution. If the Common Stock Shares issuable upon conversion of the Series CC I Preferred Stock Shares issuable upon the conversion of this Note at any time or from time to time after the Issuance Date shall be changed change to the same or different number of shares of any class or classes of stock, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination of shares or stock dividends provided for in Sections 5(e)(i3.5(a)(i), (ii3.5(a)(ii) and (iii3.5(a)(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 5(e)(v3.5(a)(v)), then, and in each event, an appropriate revision to the Conversion Price shall be made and provisions shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of each share of Series CC Preferred Stock Holder shall have the right thereafter to convert such share of Series CC Preferred Stock this Note into the kind and amount of shares of stock and other securities receivable upon reclassification, exchange, substitution or other change, by holders of the number Common Shares issuable upon the conversion of shares of Common Stock the Series I Preferred Shares into which such share of Series CC Preferred Stock might this Note may have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.

Appears in 1 contract

Sources: Convertible Note (ChromaDex Corp.)