Common use of Whenever the Conversion Price Clause in Contracts

Whenever the Conversion Price. is adjusted as herein provided, (i) the Company shall promptly deliver to the Purchaser a certificate of a firm of independent public accountants setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and the manner of computing the same, which certificate shall be conclusive evidence of the correctness of such adjustment and (ii) a notice stating that the Conversion Price has been adjusted and setting forth the adjusted Conversion Price shall forthwith be given by the Company to the Purchaser.

Appears in 1 contract

Sources: Debenture Purchase Agreement (Cover All Technologies Inc)

Whenever the Conversion Price. is adjusted as herein provided, (i) the Company shall promptly deliver to the Purchaser a certificate of a firm of independent public accountants setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and the manner of computing the same, which certificate shall be conclusive evidence of the correctness of such adjustment and (ii) a notice stating that the Conversion Price has been adjusted and setting forth the adjusted Conversion Price shall forthwith be given by the Company to the Purchaser.

Appears in 1 contract

Sources: Debenture Purchase Agreement (Teltronics Inc)