Class Reorganization Sample Clauses

A Class Reorganization clause outlines the procedures and consequences when a company restructures its share classes or alters the rights attached to different classes of shares. This clause typically specifies how existing shareholders will be affected, such as through conversion ratios, adjustments to voting rights, or changes in dividend entitlements. Its core practical function is to provide a clear framework for managing changes to share structure, thereby protecting shareholder interests and ensuring transparency during corporate reorganizations.
Class Reorganization. Unit members will not be reassigned due to declining enrollment after October 31, except in the case of severe declining enrollments caused by circumstances beyond the District's control.
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Class Reorganization. Unit members who may be affected by an involuntary transfer due to fall staffing will be notified by October 30, 2020 per Section 12.7.5, allowing for the movement timeline outlined in Sections 8.17 and 8.18. Due to a decline in enrollment caused by circumstances beyond the District’s control, staff will begin their first day with students at their new sites on November 6, 2020.
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Related to Class Reorganization

  • Capital Reorganization If and whenever at any time prior to Expiration Date there shall be a reorganization, reclassification or other change of Common Shares outstanding at such time or change of the Common Shares into other shares or into other securities, or a consolidation, amalgamation, arrangement or merger of the Company with or into any other corporation or other entity (other than a consolidation, amalgamation, arrangement or merger which does not result in any reclassification of the outstanding Common Shares or a change of the Common Shares into other shares), or a sale, conveyance or transfer of the undertaking or assets of the Company as an entirety or substantially as an entirety to another corporation or entity in which the holders of Common Shares are entitled to receive shares, other securities or property, including cash (any of such events being herein called a “Capital Reorganization”), any Warrantholder who exercises its right to subscribe for and purchase Warrant Shares pursuant to the exercise of the Warrant after the effective date of such Capital Reorganization shall be entitled to receive, and shall accept for the same aggregate consideration in lieu of the number of Warrant Shares to which the Warrantholder was theretofore entitled upon such exercise, the aggregate number of shares, other securities or other property, including cash, which the Warrantholder would have received as a result of such Capital Reorganization had it exercised its right to acquire Warrant Shares immediately prior to the effective date or record date, as the case may be, of the Capital Reorganization and had it been the registered holder of such Warrant Shares on such effective date or record date, as the case may be, subject to adjustment thereafter in accordance with provisions the same, as nearly as may be possible, as those contained in Sections 13(a) through 13(j), inclusive. No Capital Reorganization shall be completed by the Company unless the foregoing provisions of this Section 13(r) have been complied with to the satisfaction of the Warrantholder and the Warrantholder has confirmed the same in writing to the Company, which confirmation shall not be unreasonably withheld.