Common use of Notices to Warrant Holder Clause in Contracts

Notices to Warrant Holder. Upon the happening of any event requiring an adjustment of the Exercise Price, the Company shall promptly give written notice thereof to the Warrant Holder at the address appearing in the records of the Company, stating the adjusted Exercise Price and the adjusted number of Warrant Shares resulting from such event and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Failure to give such notice to the Warrant Holder or any defect therein shall not affect the legality or validity of the subject adjustment.

Appears in 6 contracts

Samples: Interim Loan Credit Agreement (Dr. Tattoff, Inc.), Dr. Tattoff, Inc., Dr. Tattoff, Inc.

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Notices to Warrant Holder. Upon the happening of any event requiring an adjustment of the Exercise Price, the Company Corporation shall promptly give written notice thereof to the Warrant Holder at the address appearing in the records of the CompanyCorporation, stating the adjusted Exercise Price and the adjusted number of Warrant Shares resulting from such event and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Failure to give such notice to the Warrant Holder or any defect therein shall not affect the legality or validity of the subject adjustment.

Appears in 1 contract

Samples: Securities Purchase Agreement (FUND.COM Inc.)

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