Common use of Adjustment of Less Than $ Clause in Contracts

Adjustment of Less Than $. 01. The Company shall not be required to give notice of any adjustment of the Purchase Price in accordance with subsection (h) above if the amount of such adjustment shall be less than $.01, but in such case any such adjustment shall be carried forward and notice thereof shall be given at the time of and together with the next subsequent adjustment, which, together with any adjustment so carried forward, shall amount to not less than $.01 per share; provided, however, that notice of each such adjustment of the Purchase Price shall be given not later than three years from the date such adjustment would have been required to be made except for the provisions of this subsection (j).

Appears in 5 contracts

Samples: Securities Purchase Agreement (Kevco Partners Investment Trust), Warrant Agreement (Kevco Inc), Warrant Agreement (Kevco Inc)

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Adjustment of Less Than $. 01. The Company shall not be required to give notice of any adjustment of the Purchase Price in accordance with subsection (h) above if the amount of such adjustment shall be less than $.01, but in such case any such adjustment shall be carried forward and notice thereof shall be given at the time of and together with the next subsequent adjustment, which, together with any adjustment so carried forward, shall amount to not less than $.01 per share; provided, however, that notice of each such adjustment of the Purchase Price shall be given not later than three years from the date such adjustment would have been required to be made except for the provisions of this subsection (ji).

Appears in 1 contract

Samples: Stock Purchase Agreement (Kevco Inc)

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