Common use of Statement of Adjustments Clause in Contracts

Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 7 contracts

Samples: Purchase Agreement (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

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Statement of Adjustments. Whenever the Exercise Price and number ------------------------ -------------------------- of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 6 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 3 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Castle Energy Corp), Rollover and Assignment Agreement (Castle Energy Corp)

Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of ------------------------- shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 2 contracts

Samples: Purchase Agreement (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare make a certificate signed by its President or any a Vice President and its Treasurer Trasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment adjsutment was calculated (including a description of the basis on which the Company's Board of Directors made any determination hereunder), and the Exercise Price and number of shares of Common Stock purchasable purcasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holderholder of the Warrant.

Appears in 2 contracts

Samples: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp)

Statement of Adjustments. Whenever the Exercise Price and ------------------------ number ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 1 contract

Samples: Purchase Agreement (Penn Octane Corp)

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Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, detail the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Castle Energy Corp)

Statement of Adjustments. Whenever the Exercise Price and number ------------------------ of -------------------------- shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Penn Octane Corp)

Statement of Adjustments. Whenever the Exercise Price and number of ------------------------ of shares of Common Stock purchasable hereunder is required to be adjusted as provided herein, the Company shall promptly prepare a certificate signed by its President or any Vice President and its Treasurer or Assistant Treasurer, setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated (including a description hereunder), and the Exercise Price and number of shares of Common Stock purchasable hereunder after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed to the Holder.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Penn Octane Corp)

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