Common use of De minimis exception Clause in Contracts

De minimis exception. No adjustment in the Exercise Price shall be required if such adjustment is less than $.05; provided, however, that any adjustments which by reason of this paragraph 3 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this paragraph 3 shall be made to the nearest cent or to the nearest one-thousandth of a share, as the case may be.

Appears in 3 contracts

Samples: Stock and Warrant Purchase Agreement (Novavax Inc), Stock and Warrant Purchase Agreement (Novavax Inc), Novavax Inc

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De minimis exception. No adjustment in the Exercise Price shall be required if such adjustment is less than $.05.01; provided, however, that any adjustments which by reason of this paragraph 3 6 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this paragraph 3 6 shall be made to the nearest cent or to the nearest one-thousandth of a share, as the case may be.

Appears in 1 contract

Samples: American Medical Alert Corp

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