Common use of Preservation of Purchase Rights in Certain Transactions Clause in Contracts

Preservation of Purchase Rights in Certain Transactions. conversion right been exercised immediately prior to such action. Such agreement shall provide for adjustments in respect of such shares of stock, and other securities and property, which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article. In the event that in connection with any such reclassification, capital reorganization, change, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for, or of, a security of the Issuer other than Common Stock, any such issue shall be treated as an issue of Common Stock covered by the provisions of Article. The provisions of this Article shall similarly apply to successive reclassifications, capital reorganizations, consolidations, mergers, sales or conveyances.