Common use of Accountants' Certificate as to Adjustments Clause in Contracts

Accountants' Certificate as to Adjustments. In the case of any adjustment or readjustment in the Purchase Price or number of shares of Common Stock issuable on the exercise of this Warrant, the Company at its expense will promptly cause independent certified public accountants of recognized standing selected by the Company to compute such adjustment or readjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock outstanding or deemed to be outstanding, and (c) the Purchase Price in effect and number of shares of Common Stock for which this Warrant was exercisable immediately prior to such issue or sale and as each is adjusted and readjusted on account thereof. The Company will forthwith mail a copy of each such certificate to Investor.

Appears in 4 contracts

Samples: Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc

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Accountants' Certificate as to Adjustments. In the case of any adjustment ------------------------------------------ or readjustment in the Purchase Price or number of shares of Common Stock issuable on the exercise of this Warrant, the Company at its expense will promptly cause independent certified public accountants of recognized standing selected by the Company to compute such adjustment or readjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock outstanding or deemed to be outstanding, and (c) the Purchase Price in effect and number of shares of Common Stock for which this Warrant was exercisable immediately prior to such issue or sale and as each is adjusted and readjusted on account thereof. The Company will forthwith mail a copy of each such certificate to Investor.

Appears in 3 contracts

Samples: Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc

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Accountants' Certificate as to Adjustments. In the each case of any adjustment or readjustment in the Purchase Price Base Number of Shares (or number of shares of Common Stock other securities) issuable on the exercise of this the Warrant, the Company at its expense will promptly cause independent certified public accountants of recognized standing selected by the Company to compute such adjustment or readjustment in accordance with the terms of this the Warrant and prepare a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock (or other securities) issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock (or other securities) outstanding or deemed to be outstanding, and (c) the Purchase Price in effect and the number of shares of Common Stock for which this Warrant was exercisable to be received upon exercise of the Warrant, in effect immediately prior to such issue or sale and as each is adjusted and readjusted on account thereofas provided in the Warrant. The Company will forthwith mail a copy of each such certificate to Investoreach Holder of a Warrant.

Appears in 1 contract

Samples: Shared Technologies Cellular Inc

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