Whenever the Exercise Price Sample Clauses

Whenever the Exercise Price or the number of Warrant Shares issuable upon exercise of the Warrants shall be adjusted as provided in this Section 5, the Company shall forthwith file, at its principal office or at such other place as may be designated by the Company, a statement, signed by its president or chief financial officer and by its treasurer, showing in detail the facts requiring such adjustment to the Exercise Price and the number of Warrant Shares issuable upon exercise of the Warrants that shall be in effect after such adjustment. The Company shall within 15 business days of any adjustment cause a copy of such statement to be sent by first-class, certified mail, return receipt requested, postage prepaid, to each Holder of Warrants at such holder's address appearing in the Company's records. Where appropriate, such copy may be given in advance and may be included as part of a notice required to be mailed under the provisions of this Warrant.

Whenever the Exercise Price is adjusted as herein provided, the Company shall cause a notice setting forth the adjusted Exercise Price and adjusted number of Warrant Shares, and a brief statement of the facts requiring such adjustment and the computation thereof, to be mailed to the Holder. The certificate setting forth the computation shall be signed by the Chief Financial Officer of the Company. In addition, in case at any time the Company shall propose:

Whenever the Exercise Price or number or type of shares purchasable upon exercise of this Warrant is adjusted, as herein provided, the Company shall promptly cause a notice setting forth the adjusted Exercise Price and adjusted number of shares issuable upon exercise of this Warrant to be mailed to Holder, at its last address appearing in the records of the Company.

Whenever the Exercise Price is adjusted, as herein provided, the Company shall promptly but no later than 10 days after any request for such an adjustment by the Holder, cause a notice setting forth the adjusted Exercise Price and adjusted number of Shares issuable upon exercise of each Warrant, and, if requested, information describing the transactions giving rise to such adjustments, to be mailed to the Holders at their last addresses appearing in the Warrant Register, and shall cause a certified copy thereof to be mailed to its transfer agent, if any. In the event the Company does not provide the Holder with such notice and information within 10 days of a request by the Holder, then notwithstanding the provisions of this Section (f), the Exercise Price shall be immediately adjusted to equal the lowest Offering Price, Subscription Price or Conversion Price, as applicable, since the date of this Warrant, and the number of shares issuable upon exercise of this Warrant shall be adjusted accordingly. The Company may retain a firm of independent certified public accountants selected by the Board of Directors (who may be the regular accountants employed by the Company) to make any computation required by this Section (f), and a certificate signed by such firm shall be conclusive evidence of the correctness of such adjustment.

Whenever the Exercise Price payable upon exercise of this Warrant is adjusted pursuant to Subparagraphs (a), (b) and (c) above, the number of Warrant Shares that have vested as of such time and the maximum number of Warrant Shares that may then be issuable pursuant to this Warrant shall each simultaneously be adjusted by multiplying (x) each such number by (y) a fraction, the numerator of which is the Exercise Price in effect just prior to such adjustment and the denominator of which is the Exercise Price, as adjusted.

Whenever the Exercise Price or the Exercise Rate are ------------ adjusted as provided in this Article III, the Company will send to the Warrant Holder a certificate signed by its President, Secretary, Chief Executive Officer or Treasurer, setting forth the adjusted Exercise Price, the adjusted Exercise Rate and the date the adjustment became effective, and containing a brief description of the events which caused the adjustment and the method by which such adjustment was calculated.