Common use of Certificates as to Adjustments Clause in Contracts

Certificates as to Adjustments. Upon the occurrence of each adjustment or readjustment of any Conversion Price pursuant to this Section 9.3, CareCentric at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to Lender a certificate executed by CareCentric's Chief Executive Officer or Chief Financial Officer setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. CareCentric shall, upon the written request at any time of the Lender, furnish or cause to be furnished to the Lender a like certificate setting forth (i) such adjustments and readjustments, (ii) the Conversion Price in effect immediately before and after such adjustments and readjustments, and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of each dollar of the Loan.

Appears in 4 contracts

Samples: And Security Agreement (Carecentric Inc), Convertible Credit Facility and Security Agreement (Carecentric Inc), Facility and Security Agreement (Carecentric Inc)

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Certificates as to Adjustments. Upon the occurrence of each adjustment or readjustment of any Conversion Price pursuant to this Section 9.3, CareCentric SCHI at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to Lender a certificate executed by CareCentricSCHI's Chief Executive Officer or Chief Financial Officer setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. CareCentric SCHI shall, upon the written request at any time of the Lender, furnish or cause to be furnished to the Lender a like certificate setting forth (i) such adjustments and readjustments, (ii) the Conversion Price in effect immediately before and after such adjustments and readjustments, and (iii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of each dollar of the LoanLoans.

Appears in 1 contract

Samples: Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc)

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