Common use of Adjustment Statement Clause in Contracts

Adjustment Statement. Whenever the Exercise Price is adjusted as herein provided, the Company shall forthwith deliver to each Warrant Holder a statement signed by the President of the Company and by its Treasurer or Secretary stating the adjusted Exercise Price and number of shares for which such Warrant is exercisable, determined as specified herein. The statement shall show in detail the facts requiring such adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Equitex Inc), Warrant Agreement (Equitex Inc)

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Adjustment Statement. Whenever the Exercise Price is adjusted as herein provided, the Company shall forthwith deliver to each Series C Warrant Holder a statement signed by the President or Executive Vice President of the Company and by its Treasurer or Secretary stating the adjusted Exercise Price and number of shares for which such Warrant is exercisable, determined as specified herein. The statement shall show in detail the facts requiring such adjustment, including a statement of the consideration received by the Company for any additional stock issued.

Appears in 1 contract

Samples: Warrant Agreement (Seracare Inc)

Adjustment Statement. Whenever the Exercise Price is adjusted as herein provided, the Company shall forthwith deliver to each Warrant Holder a statement signed by the President of the Company and by its Treasurer or Secretary stating the adjusted Exercise Price and number of shares for which such Warrant is exercisable, determined as specified herein. The statement shall show in detail the facts requiring such adjustment, including a statement of the consideration received by the Company for any additional stock issued.

Appears in 1 contract

Samples: Merger Agreement (Torpedo Sports Usa Inc)

Adjustment Statement. Whenever the Exercise Price or Exercise Quantity is adjusted as herein provided, the Company shall forthwith deliver to each Warrant Holder the Holders a statement signed by the President of the Company and by its Treasurer or Secretary stating the adjusted Exercise Price and number of shares or Exercise Quantity for which such Warrant is the Warrants are exercisable, determined as specified herein. The statement shall show in detail the facts requiring such adjustment, including a statement of the consideration received by the Company for any additional stock issued.

Appears in 1 contract

Samples: Warrant Agreement (Recycling Industries Inc)

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Adjustment Statement. Whenever the Warrant Exercise Price is adjusted as herein provided, the Company shall forthwith deliver to each Warrant Registered Holder of Warrants a statement signed by the President of the Company and by its Treasurer or Secretary stating the adjusted Warrant Exercise Price and number of shares for which such the Warrant is exercisable, determined as specified hereinherein specified. The statement shall show in detail the facts requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Adrenalin Interactive Inc)

Adjustment Statement. Whenever the Exercise Price is adjusted as herein provided, the Company shall forthwith deliver to each Warrant Holder a statement signed by the President or Senior Vice President of the Company and by its Treasurer or Secretary stating the adjusted Exercise Price and number of shares for which such Warrant is exercisable, determined as specified herein. The statement shall show in detail the facts requiring such adjustment, including a statement of the consideration received by the Company for any additional stock issued.

Appears in 1 contract

Samples: Warrant Agreement (GDC Group Inc)

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