Adjustment to Conversion Ratio. Whenever the Conversion Ratio is adjusted pursuant to any provision of this Section 7, the Corporation shall promptly deliver to each Holder a notice setting forth the Conversion Ratio after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
Appears in 10 contracts
Sources: 3(a)(9) Exchange Agreement (Larimar Therapeutics, Inc.), 3(a)(9) Exchange Agreement (Larimar Therapeutics, Inc.), Merger Agreement (Monogram Technologies Inc.)
Adjustment to Conversion Ratio. Whenever the Conversion Ratio is adjusted pursuant to any provision of this Section 7, the Corporation shall promptly deliver to each Holder by facsimile or email a notice setting forth the Conversion Ratio after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Cerecor Inc.), Asset Purchase Agreement (Aytu Bioscience, Inc), Asset Purchase Agreement (Cerecor Inc.)
Adjustment to Conversion Ratio. Whenever the Conversion Ratio is adjusted pursuant to any provision of this Section 7, the Corporation shall promptly deliver to each Holder a notice setting forth the Conversion Ratio after such adjustment and setting forth a brief statement of the facts requiring such adjustment; provided, that no certificate or other notice of adjustment in the Conversion Rate will be required unless the adjustment would result in an increase or decrease of at least one percent (1.0%) in the Conversion Rate.
Appears in 1 contract
Sources: Securities Purchase Agreement (Aimmune Therapeutics, Inc.)