Common use of Statement of Adjustment Clause in Contracts

Statement of Adjustment. Whenever the Exercise Price or number or type of securities issuable upon exercise of this Warrant is adjusted, as herein provided, the Company shall, at its expense, promptly deliver to the Warrantholder a certificate of an officer of the Company setting forth the nature of such adjustment and showing in reasonable detail the facts upon which such adjustment is based.

Appears in 11 contracts

Samples: Transphorm, Inc., Transphorm, Inc., Transphorm, Inc.

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