Common use of Statement of Adjustment Clause in Contracts

Statement of Adjustment. Whenever the number of Warrant Shares is adjusted pursuant to any of the foregoing provisions of this Section 7, the Company shall promptly prepare a written statement signed by the President of the Company, setting forth the adjustment, determined as provided in this Section, and in reasonable detail the facts requiring such adjustment and the calculation thereof. Such statement shall be filed among the permanent records of the Company and a copy thereof shall be furnished to the holder of this Warrant without request and shall at all reasonable times during business hours be open to inspection by holders of the Warrants.

Statement of Adjustment. Whenever the number of Warrant Shares is adjusted pursuant to any of the foregoing provisions of this Section 7, the Company shall promptly prepare a written statement signed by the President of the Company, setting forth the adjustment, determined as provided in this Section, and in reasonable detail the facts requiring such adjustment and the calculation thereof. Such statement shall be filed among the permanent records of the Company and a copy thereof shall be furnished to the holder of this Warrant without request and shall at all reasonable times during business hours be open to inspection by holders of the Warrants.and

Statement of Adjustment. Whenever the number of Warrant Shares is adjusted pursuant to any of the foregoing provisions of this Section SECTION 7, the Company shall promptly prepare a written statement signed by the President of the Company, setting forth the adjustment, determined as provided in this Section, and in reasonable detail the facts requiring such adjustment and the calculation thereof. Such statement shall be filed among the permanent records of the Company and a copy thereof shall be furnished to the holder of this Warrant without request and shall at all reasonable times during business hours be open to inspection by holders of the Warrants.