Common use of Notice as to Adjustments Clause in Contracts

Notice as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Series B Conversion Price pursuant to this Section 3.7, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and (i) update Exhibit A to provide for the adjusted membership interests of each Member and (ii) furnish to each holder of Series B Convertible Preferred Units, a notice setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, upon the written request at any time of any holder of Series B Convertible Preferred Units, furnish or cause to be furnished to such holder a similar notice setting forth (x) such adjustments and readjustments, (y) the Series B Conversion Price then in effect, and (z) the number of Common Units and the amount, if any, of other property which then would be received upon the conversion of Series B Convertible Preferred Units.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)

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Notice as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Series B A Conversion Price pursuant to this Section 3.73.6, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and (i) update Exhibit A to provide for the adjusted membership interests of each Member and (ii) furnish to each holder of Series B A Convertible Preferred Units, a notice setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, upon the written request at any time of any holder of Series B A Convertible Preferred Units, furnish or cause to be furnished to such holder a similar notice setting forth (x) such adjustments and readjustments, (y) the Series B A Conversion Price then in effect, and (z) the number of Common Units and the amount, if any, of other property which then would be received upon the conversion of Series B A Convertible Preferred Units.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)

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