Common use of Certification of Adjustments Clause in Contracts

Certification of Adjustments. Whenever an adjustment is made as provided in Sections 11 and 13 hereof, the Company shall (a) promptly prepare a certificate setting forth such adjustment and a brief statement of the facts giving rise to such adjustment, (b) promptly file with the Rights Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) mail a brief summary thereof to each record holder of a Right (or, if prior to the Distribution Date, to each holder of Common Stock) in accordance with Section 25 hereof. Notwithstanding the foregoing sentence, the failure of the Company to give such notice shall not affect the validity of or the force or effect of or the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any certificate prepared by the Company pursuant to Sections 11 and 13 and on any adjustment therein contained.

Appears in 2 contracts

Samples: Rights Agreement (Safety Kleen Corp/), Rights Agreement (Safety Kleen Corp/)

AutoNDA by SimpleDocs

Certification of Adjustments. Whenever an ---------------------------- adjustment is made as provided in Sections 11 and 13 hereof, the Company Corporation shall (a) promptly prepare a certificate setting forth such adjustment and a brief statement of the facts giving rise to such adjustment, (b) promptly file with the Rights Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) mail a brief summary thereof to each record holder of a Right (or, if prior to the Distribution Date, to each holder of Common Stock) in accordance with Section 25 hereof. Notwithstanding the foregoing sentence, the failure of the Company Corporation to give such notice shall not affect the validity of or the force or effect of or the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any certificate prepared by the Company Corporation pursuant to Sections 11 and 13 hereof and on any adjustment therein contained.

Appears in 1 contract

Samples: Rights Agreement (Dc Holdco Inc)

AutoNDA by SimpleDocs

Certification of Adjustments. Whenever an adjustment is made as provided in Sections 11 and 13 hereof13, the Company shall (a) promptly prepare a certificate setting forth such adjustment and a brief statement of the facts giving rise to accounting for such adjustment, (b) promptly file with the Rights Agent and with each transfer agent for the Common Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each record holder of a Right Rights Certificate (or, if prior to the Distribution Dateno Rights Certificates have been issued, to each holder of a certificate representing shares of Common Stock) in accordance with Section 25 hereof25. Notwithstanding the foregoing sentence, the failure of the Company to give such notice shall not affect the validity of or the force or effect of or the requirement for such adjustment. The Rights Agent shall Any adjustment to be fully protected in relying on any certificate prepared by the Company made pursuant to Sections 11 and 13 and on any adjustment therein containedof this Agreement shall be effective as of the date of the event giving rise to such adjustment.

Appears in 1 contract

Samples: Rights Agreement (Metromail Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!