Common use of Conversion Adjustment Clause in Contracts

Conversion Adjustment. If applicable, whenever the Conversion Ratio is adjusted, as herein provided or as provided in the appropriate amendment to this Certificate of Incorporation, the Corporation shall promptly file with the transfer agent, if any, for the Common Stock of the Corporation a statement signed by the President or a Vice President or the Secretary or the Treasurer setting forth the adjusted Conversion Ratio determined as so provided. Such statement shall set forth in reasonable detail such facts as may be necessary to show the reason for and the manner of computing such adjustment; and