Notice of Change in Exercise Price. The Company promptly shall deliver to each registered Holder of Warrants at least five Business Days prior to effecting any transaction that would result in an increase or decrease in the Exercise Price pursuant to this Section 2, together with a certificate, signed by the Chief Executive Officer, President or a Vice–President and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the increased or decreased Exercise Price then in effect following such adjustment.
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Sources: Convertible Senior Subordinated Promissory Note and Warrant Purchase Agreement (Electric City Corp)
Notice of Change in Exercise Price. The Company promptly shall deliver to each registered Holder of Warrants at least five (5) Business Days prior to effecting any transaction that would result in an increase or decrease in the Exercise Price pursuant to this Section 2, together with a certificatestatement, signed by the Chief Executive Officer, President or a Vice–President and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Companyits independent certified public accountants, setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the increased or decreased Exercise Price then in effect following such adjustment.
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