Common use of Carryover Clause in Contracts

Carryover. Notwithstanding any other provision of this Section 6.1, no adjustment shall be made to the number of Common Shares or other securities to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment that together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered, PROVIDED HOWEVER, that, upon exercise of this warrant pursuant to Section 1 hereof, any adjustment called for by Sections 6.1(a), (b) or (c) which has not been made as a result of this Section 6.1(d) shall be made.

Appears in 2 contracts

Samples: Central Reserve Life Corp, Central Reserve Life Corp

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Carryover. Notwithstanding any other provision of this Section 6.1, no adjustment shall be made to the number of shares of Common Shares or other securities Stock to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment that together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered, PROVIDED HOWEVERprovided however, that, upon exercise of this warrant pursuant to Section 1 hereof, any adjustment called for by Sections 6.1(a6.2(a), (b) or (c) which has not been made as a result of this Section 6.1(d) shall be made.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Gulf South Medical Supply Inc), Gulf South Medical Supply Inc

Carryover. Notwithstanding any other provision of this Section 6.1, no adjustment shall be made to the number of Common Shares or other securities to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment that together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered, PROVIDED HOWEVER, that, upon exercise of this warrant pursuant to Section 1 hereof, any adjustment called for by Sections 6.1(a), (b), (c) or (cd) which has not been made as a result of this Section 6.1(d6.1(e) shall be made.

Appears in 1 contract

Samples: Stockholders Agreement (Central Reserve Life Corp)

Carryover. Notwithstanding any other provision of this Section 6.1, no adjustment shall be made to the number of Common Shares or other securities to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment that together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered, PROVIDED HOWEVERprovided however, that, upon exercise of this warrant pursuant to Section 1 hereof, any adjustment called for by Sections 6.1(a6.2(a), (b) or (c) which has not been made as a result of this Section 6.1(d) shall be made.

Appears in 1 contract

Samples: Stock Purchase Agreement (Central Reserve Life Corp)

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Carryover. Notwithstanding any other provision of this Section 6.1, no adjustment shall be made to the number of shares of Common Shares or other securities Stock to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment that together with any adjustments so carried forward shall amount to 1% or more of the number of shares to be so delivered, PROVIDED HOWEVERprovided however, that, upon exercise of this warrant pursuant to Section 1 hereof, any adjustment called for by Sections 6.1(a6. 1 (a), (b) or (c) which has not been made as a result of this Section 6.1(d6. 1(d) shall be made.

Appears in 1 contract

Samples: John D. Oil & Gas Co

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