Common use of Whenever the Exercise Price Clause in Contracts

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.