Common use of Reports as to Adjustments Clause in Contracts

Reports as to Adjustments. Upon any adjustment of the Conversion Price then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion provisions set forth in this Section 9, then, and in each such case, the Company shall promptly deliver to each Holder and the Transfer Agent of the Notes and Common Stock, a certificate signed by the President or a Vice President and by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Price then in effect following such adjustment, and shall set forth in reasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. Where appropriate, such notice to any Holder may be given in advance and included as part of the notice required under the provisions of Section 9.8.

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc), Convertible Note Purchase Agreement (Appaloosa Management Lp), Convertible Note Purchase Agreement (Appaloosa Management Lp)

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Reports as to Adjustments. Upon any adjustment of the Conversion Price Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion provisions set forth in this Section 9Article 10, then, and in each such case, the Company shall promptly deliver to each Holder and the Transfer Agent of the Notes and Common Stock, a certificate signed by the President or a Vice President and by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Price Ratio then in effect following such adjustmentadjustment and the increased or decreased number of shares issuable upon the conversion granted by this Section 10, and shall set forth in reasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. Where appropriate, such notice to any Holder holders of the Notes may be given in advance and included as part of the notice required under the provisions of Section 9.810.9.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Gensia Sicor Inc), Securities Purchase Agreement (Healthcare Capital Partners Lp)

Reports as to Adjustments. Upon any adjustment of the Conversion Price then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion provisions set forth in this Section 9, then, and in each such case, the Company shall promptly deliver to each Holder and the Transfer Agent of the Notes and Common Stock, a certificate signed by the President or a Vice President and by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Price then in effect following such adjustment, and shall set forth in reasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. Where appropriate, such notice to any Holder may be given in advance and included as part of the notice required under the provisions of Section 9.8.calculation

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc)

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Reports as to Adjustments. Upon any adjustment of the Conversion Price Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion provisions set forth in this Section Article 9, then, and in each such case, the Company shall promptly deliver to each Holder and the Transfer Agent holders of the Notes and Common Stock, a certificate signed by the President Chief Executive Officer or a Vice President and by the Treasurer Chief Financial Officer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company setting forth in reasonable detail the event requiring the adjustment and the method Company by which such adjustment was calculated and specifying the Conversion Price then in effect following such adjustment, adjustment and shall set forth in reasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. Where appropriate, such notice to any Holder may be given in advance and included as part of the notice required under the provisions of Section 9.8.

Appears in 1 contract

Samples: Securities Purchase Agreement (Recovery Engineering Inc)

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