Common use of REPORT AS TO ADJUSTMENTS Clause in Contracts

REPORT AS TO ADJUSTMENTS. When any adjustment is required to be made in the Warrant Price, the Company shall forthwith determine the new Warrant Price; and a. Prepare and retain on file a statement describing in reasonable detail the method used in arriving at the new Warrant Price; and b. Cause a copy of such statement to be mailed to the holder of this Warrant as of a date within ten days after the date when the circumstances giving rise to the adjustment occurred.

Appears in 6 contracts

Samples: Common Stock Purchase Warrant (Precision Optics Corporation Inc), Common Stock Purchase Warrant (Precision Optics Corporation Inc), Common Stock Purchase Warrant (Precision Optics Corporation Inc)

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