Common use of Reports as to Adjustments Clause in Contracts

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof, then, and in each such case, the corporation shall promptly deliver to the transfer agent of the Series B Preferred Stock 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 corporation setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion set forth in Section 8 hereof. The corporation shall also promptly after the making of such adjustment give written notice to the registered holders of the Series B Preferred Stock at the address of each holder as

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof7, then, and in each such case, the corporation Company shall promptly deliver to the transfer agent each holder of the Series B C Preferred Stock 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 corporation Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion granted by Section 7, and shall set forth in Section 8 hereofreasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. The corporation shall also promptly after the making of Where appropriate, such adjustment give written notice to the registered holders of the Series B C Preferred Stock at may be given in advance and included as part of the address notice required under the provisions of each holder asSection 11.

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof7, then, and in each such case, the corporation Company shall promptly deliver to the transfer agent each holder of the Series B Convertible Preferred Stock 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 corporation Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion granted by Section 7, and shall set forth in Section 8 hereofreasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. The corporation shall also promptly after the making of Where appropriate, such adjustment give written notice to the registered holders of the Series B Convertible Preferred Stock at the address of each holder asmay be given in advance.

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof8, then, and in each such case, the corporation Company shall promptly deliver to the transfer agent each holder of the Series B C Convertible Preferred Stock 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 corporation Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion granted by Section 8, and shall set forth in Section 8 hereofreasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. The corporation shall also promptly after the making of Where appropriate, such adjustment give written notice to the registered holders of the Series B C Convertible Preferred Stock at the address of each holder asmay be given in advance.

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof8, then, and in each such case, the corporation Company shall promptly deliver to the transfer agent each holder of the Series B Convertible Preferred Stock 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 corporation Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion granted by Section 8, and shall set forth in Section 8 hereofreasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. The corporation shall also promptly after the making of Where appropriate, such adjustment give written notice to the registered holders of the Series B Convertible Preferred Stock at the address of each holder asmay be given in advance.

Reports as to Adjustments. Upon any adjustment of the Conversion Ratio then in effect and any increase or decrease in the number of shares of Common Stock issuable upon the operation of the conversion set forth in Section 8 hereof7, then, and in each such case, the corporation Company shall promptly deliver to the transfer agent each holder of the Series B Preferred Stock 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 corporation Company setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the Conversion Ratio then in effect following such adjustment and the increased or decreased number of shares issuable upon the conversion granted by Section 7, and shall set forth in Section 8 hereofreasonable detail the method of calculation of each and a brief statement of the facts requiring such adjustment. The corporation shall also promptly after the making of Where appropriate, such adjustment give written notice to the registered holders of the Series B Preferred Stock at may be given in advance and included as part of the address notice required under the provisions of each holder asSection 11.