Common use of Adjustment Notices to Holder Clause in Contracts

Adjustment Notices to Holder. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant or the Exercise Price of such Warrant Shares is adjusted, as herein provided, the Company shall, within ten (10) business days following the event which triggered such adjustment, mail by first class, postage prepaid, to each Holder notice of such adjustment or adjustments and shall deliver to each Holder a copy of a certificate (an "Adjustment Certificate") of either the Board of Directors of the Company or of a firm of independent public accountants selected by the Board of Directors of the Company (who may be the regular accountants employed by the Company) setting forth the number of Warrant Shares purchasable upon the exercise of the Warrant and the Exercise Price of such Warrant Shares after such adjustment, setting forth a brief statement of the facts requiring such adjustment and setting forth the computation by which such adjustment was made.

Appears in 2 contracts

Samples: Warrant Agreement (Biostem, Inc.), Warrant Agreement (National Parking Systems, Inc.)

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Adjustment Notices to Holder. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant or the Exercise Price of such Warrant Shares is adjusted, as herein provided, the Company shall, within ten (10) business days following the event which triggered such adjustment, mail by first class, postage prepaid, to each Holder notice of such adjustment or adjustments and shall deliver to each Holder a copy of a certificate (an "β€œAdjustment Certificate"”) of either the Board of Directors of the Company or of a firm of independent public accountants selected by the Board of Directors of the Company (who may be the regular accountants employed by the Company) setting forth the number of Warrant Shares purchasable upon the exercise of the Warrant and the Exercise Price of such Warrant Shares after such adjustment, setting forth a brief statement of the facts requiring such adjustment and setting forth the computation by which such adjustment was made.

Appears in 2 contracts

Samples: Warrant Agreement (Stealth Medialabs Inc), Warrant Agreement (Material Technologies Inc /Ca/)

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Adjustment Notices to Holder. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant or the Exercise Price of such Warrant Shares is adjusted, as herein provided, the Company shall, within ten (10) business days following the event which triggered such adjustment, mail by first class, postage prepaid, to each Holder notice of such adjustment or adjustments and shall deliver to each Holder a copy of a certificate (an "Adjustment Certificate") of either the Board of Directors of the Company or of a firm of independent public accountants selected by the Board of Directors of the Company (who may be the regular accountants employed by the Company) setting forth the number of Warrant Shares purchasable upon the exercise of the Warrant and the Exercise Price of such Warrant Shares after such adjustment, setting forth a brief statement of the facts requiring such adjustment and setting forth the computation by which such adjustment was made.

Appears in 1 contract

Samples: Warrant Agreement (Logistical Support, Inc)

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