Common use of Adjustment of Less Than $ Clause in Contracts

Adjustment of Less Than $. 01. The Company shall not be required to give any Notice of Adjustment of the Exchange Price in accordance with subparagraph (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 Exchange 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 subparagraph (j).

Adjustment of Less Than $. 01. The Company shall not be required to give any Notice of Adjustment of the Exchange Price in accordance with subparagraph (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 Exchange 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 subparagraph (j).