Common use of Accountant’s Opinion Clause in Contracts

Accountant’s Opinion. Upon each adjustment of the Purchase Price, and in the event of any change in the rights of the holder of this Warrant by reason of other events herein set forth, then and in each such case, the Company will promptly obtain an opinion of a firm of independent certified public accountants selected by the Company's Board of Directors, stating the adjusted Purchase Price and the new number of shares so issuable, or specifying the other shares of Stock, securities or assets and the amount thereof receivable as a result of such change in rights, and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. The Company will promptly mail a copy of such accountants' opinion to the registered holder of this Warrant. The opinion of such firm of independent public accountants shall be conclusive evidence of the correctness of the computation with respect to any such adjustment of the Purchase Price and any such change in the number of such shares so issuable.

Appears in 3 contracts

Samples: Image Technology Laboratories Inc, Image Technology Laboratories Inc, Image Technology Laboratories Inc

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Accountant’s Opinion. Upon each adjustment of the Purchase Price, and in the event of any change in the rights of the holder of this Warrant by reason of other events herein set forth, then and in each such case, the Company will promptly obtain an opinion of a firm of independent certified public accountants selected by the Company's Board of Directors, stating the adjusted Purchase Price and the new number of shares so issuable, or specifying the other shares of Stock, securities or assets and the amount thereof receivable as a result of such change in rights, and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. The Company will promptly mail a copy of such accountants' opinion to TO the registered holder of this Warrant. The opinion of such firm of independent public accountants shall be conclusive evidence of the correctness of the computation with respect to any such adjustment of the Purchase Price and any such change in the number of such shares so issuable.

Appears in 1 contract

Samples: Image Technology Laboratories Inc

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Accountant’s Opinion. Upon each adjustment of the Purchase Price, and in the event of any change in the rights of the holder of this Warrant by reason of other events herein set forth, then and in each such case, the Company will promptly obtain an opinion of a firm of independent certified public accountants selected by the Company's Board of Directors, stating the adjusted Purchase Price and the new number of shares so issuable, or specifying the other shares of Stock, securities or assets and the amount thereof receivable as a result of such change in rights, and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. The Company will promptly mail a copy of such accountants' opinion to the registered holder of this Warrant. The opinion of such firm of independent public accountants shall be conclusive evidence of the correctness of the computation with respect to any such adjustment of the Purchase Price and any such change in the number of such shares so issuable.so

Appears in 1 contract

Samples: Image Technology Laboratories Inc

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