Common use of Adjustment Mechanism Clause in Contracts

Adjustment Mechanism. If an adjustment of the Exercise Price is required pursuant to Section 11(c)(i), the Company shall deliver to the Investors within three (3) business days of the closing of the transaction giving rise to the adjustment (the "Delivery Date") written confirmation reflecting the adjusted Exercise Price.

Appears in 3 contracts

Sources: Amendment and Waiver Agreement (Datatec Systems Inc), Stock Purchase Warrant (Datatec Systems Inc), Stock Purchase Warrant (Datatec Systems Inc)

Adjustment Mechanism. If an adjustment of the Exercise Price is required pursuant to Section 11(c)(i), the Company shall deliver to the Investors within three (3) business days of the closing of the transaction giving rise to the adjustment (the "Delivery DateDELIVERY DATE") written confirmation reflecting the adjusted Exercise Price.

Appears in 1 contract

Sources: Stock Purchase Warrant (Datatec Systems Inc)