Common use of Adjustments to Exercise Price Clause in Contracts

Adjustments to Exercise Price. As promptly as practicable (but in any event not later than thirty (30) days) after the occurrence of any event requiring any adjustment under this Section 3 to the Exercise Price (or to the number or kind of securities or other property deliverable upon the exercise of this Warrant), the Company shall, at its expense, deliver to the Holder either (i) an officers' certificate or (ii) a certificate signed by a firm of independent certified public accountants of recognized national standing (which may be the regular auditors of the Company), setting forth in reasonable detail the events requiring the adjustment and the method by which such adjustment was calculated and specifying the adjusted Exercise Price and the number of shares of Common Stock (or other securities) purchasable upon exercise of this Warrant after giving effect to such adjustment. The certificate of any such firm of accountants shall be conclusive and binding evidence for all purposes, absent manifest error, of the correctness of any computation made under this Section 3.

Appears in 8 contracts

Samples: Seller Warrant Agreement (Alion Science & Technology Corp), Mezzanine Warrant Agreement (Alion Science & Technology Corp), Mezzanine Warrant Agreement (Alion Science & Technology Corp)

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Adjustments to Exercise Price. As promptly as practicable (but in any event not later than thirty (30) days) after the occurrence of any event requiring any adjustment under this Section 3 to the Exercise Price (or to the number or kind of securities or other property deliverable upon the exercise of this Warrant), the Company shall, at its expense, deliver to the Holder either (i) an officers' ’ certificate or (ii) a certificate signed by a firm of independent certified public accountants of recognized national standing (which may be the regular auditors of the Company), setting forth in reasonable detail the events requiring the adjustment and the method by which such adjustment was calculated and specifying the adjusted Exercise Price and the number of shares of Common Stock (or other securities) purchasable upon exercise of this Warrant after giving effect to such adjustment. The certificate of any such firm of accountants shall be conclusive and binding evidence for all purposes, absent manifest error, of the correctness of any computation made under this Section 3.

Appears in 2 contracts

Samples: Seller Warrant Agreement (Alion Science & Technology Corp), Warrant Agreement (Alion Science & Technology Corp)

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