Adjustments for Reclassification, Exchange or Substitution. If the Common Shares issuable upon conversion of the Series I Preferred Shares issuable upon the conversion of this Note at any time after the Issuance Date 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 3.5(a)(i), 3.5(a)(ii) and 3.5(a)(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 3.5(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 shall have the right thereafter to convert 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 the Series I Preferred Shares into which this Note may have been converted immediately prior to such reclassification, exchange, substitution or other change, all subject to further adjustment as provided herein.
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Sources: Convertible Note (ChromaDex Corp.)
Adjustments for Reclassification, Exchange or Substitution. If the Common Shares Stock issuable upon conversion of the Series I CC Preferred Shares issuable upon the conversion of this Note Stock at any time or from time to time after the Issuance Date change 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 3.5(a)(i5(e)(i), 3.5(a)(ii(ii) and 3.5(a)(iii(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 3.5(a)(v5(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 holder of each share of Series CC Preferred Stock shall have the right thereafter to convert this Note 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 Shares issuable upon the conversion of the Series I Preferred Shares Stock into which this Note may 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 Conversion Shares issuable upon conversion of the Series I C-1 Preferred Shares issuable upon the conversion of this Note at any time or from time to time after the Issuance Date change 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 3.5(a)(i5(e)(i) and(ii), 3.5(a)(iian Organic Change (as defined below) and 3.5(a)(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 3.5(a)(v)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 holder of each share of Series C-1 Preferred shall have the right thereafter to convert this Note such share of Series C-1 Preferred 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 Common Shares issuable upon the conversion of the Series I Preferred Conversion Shares into which this Note may such share of Series C-1 Preferred 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
Adjustments for Reclassification, Exchange or Substitution. If the Common Shares Stock issuable upon conversion of the Series I Preferred Shares issuable upon the conversion of this Note at any time or from time to time after the Issuance Date change 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 3.5(a)(i3.6(a)(i), 3.5(a)(ii(ii) and 3.5(a)(iii(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 3.5(a)(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 shall have the right thereafter to convert 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 Shares issuable upon the conversion of the Series I Preferred Shares Stock into which this such Note may 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 Conversion Shares issuable upon conversion of the Series I A-1 Preferred Shares issuable upon the conversion of this Note at any time or from time to time after the Issuance Date change 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 3.5(a)(i5(e)(i), 3.5(a)(ii(ii) and 3.5(a)(iii(iii), or a reorganization, merger, consolidation, or sale of assets provided for in Section 3.5(a)(v5(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 holder of each share of Series A-1 Preferred shall have the right thereafter to convert this Note such share of Series A-1 Preferred 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 the Series I Preferred Conversion Shares into which this Note may such share of Series A-1 Preferred 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