Common use of Determination of Adjustment Clause in Contracts

Determination of Adjustment. Whenever the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as herein provided, a certificate of an officer of the Company setting forth the number of shares of Common Stock issuable upon the exercise of each Warrant 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 (in reasonable detail), shall, absent demonstrable error, be conclusive evidence of such adjustment. The Company shall be entitled to rely on such certificate and shall exhibit the same from time to time to any Holder desiring an inspection thereof during normal business hours.

Appears in 3 contracts

Samples: Warrant Agreement (MCM Capital Group Inc), Warrant Agreement (Cp International Investments LTD), Warrant Agreement (MCM Capital Group Inc)

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Determination of Adjustment. Whenever the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as herein provided, a certificate of an a senior officer of the Company setting forth the number of shares of Common Stock issuable upon the exercise of each Warrant 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 (in reasonable detail)made, shall, absent demonstrable manifest error, be conclusive evidence of such adjustment. The Company shall be entitled to rely on such certificate and shall exhibit the same from time to time to any Holder desiring an inspection thereof during normal reasonable business hours.

Appears in 2 contracts

Samples: Warrant Agreement (Panolam Industries Inc), Warrant Agreement (Panolam Industries Inc)

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