Common use of Reports as to Adjustments Clause in Contracts

Reports as to Adjustments. Whenever the number of shares of Common Stock into which each share of Series B Preferred Stock is convertible (or the number of votes to which each share of Series B Preferred Stock is entitled) is adjusted as provided in Section 8, the Corporation shall promptly mail to the holders of record of the outstanding shares of Series B Preferred Stock at their respective addresses as the same shall appear in the Corporation's stock records a notice stating that the number of shares of Common Stock into which the shares of Series B Preferred Stock are convertible has been adjusted and setting forth the new number of shares of Common Stock (or describing the new stock, securities, cash or other property) into which each share of Series B Preferred Stock is convertible, as a result of such adjustment, a brief statement of the facts requiring such adjustment and the computation thereof, and when such adjustment became effective.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Prison Realty Trust Inc), Securities Purchase Agreement (Prison Realty Trust Inc), Securities Purchase Agreement (Prison Realty Trust Inc)

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Reports as to Adjustments. Whenever the number of shares of Common Stock into which each share of Series B A Preferred Stock is convertible (or the number of votes to which each share of Series B A Preferred Stock is entitled) is adjusted as provided in Section 84, the Corporation Company shall promptly mail by either first class mail (or bulk mail if the number of holders exceeds 500) to the holders of record of the outstanding shares of Series B A Preferred Stock at their respective addresses as the same shall appear in the CorporationCompany's stock records a notice stating that the number of shares of Common Stock into which the shares of Series B A Preferred Stock are convertible has been adjusted and setting forth the new number of shares of Common Stock (or describing the new stock, securities, cash or other property) into which each share of Series B A Preferred Stock is convertibleconvertible (and the new number of votes to which each share of Series A Preferred Stock is entitled), as a result of such adjustment, a brief statement of the facts requiring such adjustment and the computation thereof, and when such adjustment became effective.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bronze Marketing Inc)

Reports as to Adjustments. Whenever the number of shares of Common Stock into which each share of Series B C Preferred Stock is convertible (or the number of votes to which each share of Series B C Preferred Stock is entitled) is adjusted as provided in Section 8, the Corporation shall promptly mail to the holders of record of the outstanding shares of Series B C Preferred Stock at their respective addresses as the same shall appear in the Corporation's stock records a notice stating that the number of shares of Common Stock into which the shares of Series B C Preferred Stock are convertible has been adjusted and setting forth the new number of shares of Common Stock (or describing the new stock, securities, cash or other property) into which each share of Series B C Preferred Stock is convertible, as a result of such adjustment, a brief statement of the facts requiring such adjustment and the computation thereof, and when such adjustment became effective.

Appears in 1 contract

Samples: Securities Purchase Agreement (Prison Realty Trust Inc)

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Reports as to Adjustments. Whenever the number of shares of Common Stock into which each share of Series B Convertible Preferred Stock is convertible (or the number of votes to which each share of Series B Convertible Preferred Stock is entitled) is adjusted as provided in Section 87, the Corporation shall promptly mail to the holders of record of the outstanding shares of Series B Convertible Preferred Stock at their respective addresses as the same shall appear in the Corporation's stock records a notice stating that the number of shares of Common Stock into which the shares of Series B Convertible Preferred Stock are convertible has been adjusted and setting forth the new number of shares of Common Stock (or describing the new stock, securities, cash or other property) into which each share of Series B Convertible Preferred Stock is convertible, as a result of such adjustment, a brief statement of the facts requiring such adjustment and the computation thereof, and when such adjustment became effective.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hexcel Corp /De/)

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