Common use of Reclassification, Recapitalization, etc Clause in Contracts

Reclassification, Recapitalization, etc. If ATX Group at any time shall, by subdivision, combination or reclassification of securities, recapitalization, or other similar event affecting the number or character of outstanding shares of Common Stock, or otherwise, change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights under this Warrant immediately prior to such subdivision, combination, reclassification or other change.

Appears in 2 contracts

Sources: Warrant Agreement (Atx Group Inc), Warrant Agreement (Atx Group Inc)