Common use of Carryover Clause in Contracts

Carryover. Notwithstanding any other provision of this Section 11, no adjustment shall be made to the number of Warrant Shares to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of Warrant Shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the earlier to occur of (i) the exercise of all or any portion of a Warrant and (ii) the next subsequent adjustment that, together with any adjustments so carried forward, shall amount to 1% or more of the number of Warrant Shares to be so delivered.

Appears in 3 contracts

Sources: Warrant Agreement (Marvel Enterprises Inc), Warrant Agreement (Marvel Enterprises Inc), Warrant Agreement (Marvel Enterprises Inc)

Carryover. Notwithstanding any other provision of this Section 117.1, no adjustment shall be made to the number of Warrant Shares to be delivered to the Warrantholder (or to the Exercise Price) if such adjustment represents less than 1% of the number of Warrant Shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the earlier to occur of (i) the exercise of all or any portion of a Warrant and (ii) the next subsequent adjustment that, that together with any adjustments so carried forward, forward shall amount to 1% or more of the number of Warrant Shares to be so delivered.

Appears in 2 contracts

Sources: Warrant Agreement (Eclipsys Corp), Warrant Agreement (Eclipsys Corp)

Carryover. Notwithstanding any other provision of this Section 11, no adjustment shall be made to the number of Warrant Shares to be delivered to the Warrantholder (or to the applicable Exercise Price) if such adjustment represents less than 1% of the number of Warrant Shares to be so delivered, but any lesser adjustment shall be carried forward and shall be made at the time and together with the earlier to occur of (i) the exercise of all or any portion of a Warrant and (ii) the next subsequent adjustment that, together with any adjustments so carried forward, shall amount to 1% or more of the number of Warrant Shares to be so delivered.

Appears in 1 contract

Sources: Warrant Agreement (Marvel Enterprises Inc)