Common use of De minimis threshold for adjustment to Exercise Price Clause in Contracts

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything in this Agreement to the contrary, no adjustment in the Exercise Price will be required unless such adjustment would require an increase or decrease of at least 1% in the Exercise Price; provided, however, that any adjustments which by reason of this subsection 2.3.5 are not required to be made will be carried forward and taken into account in any subsequent adjustment.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

AutoNDA by SimpleDocs

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything in this Agreement herein to the contrary, no adjustment in the Exercise Price will be required made unless such adjustment would require an increase or decrease of at least 1% in the Exercise Price; provided, however, that any adjustments which that by reason of this subsection 2.3.5 Section 2.3(d) are not required to be made will be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 2.3 will be to the nearest cent or to the nearest 1/100th of a Common Share.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Liminal BioSciences Inc.)

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything in this Agreement herein to the contrary, no adjustment in of the Exercise Price will shall be required unless such adjustment would require an increase or decrease of at least 1% in the such Exercise Price; provided, however, that any adjustments which by reason of this subsection 2.3.5 Subsection 2.3(j) are not required to be made will shall be carried forward and taken into account in any subsequent adjustment. All adjustments to the Exercise Price made pursuant to this Section 2.3 shall be calculated to the nearest cent.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Aeterna Zentaris Inc.)

AutoNDA by SimpleDocs

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything in this Agreement to the contrary, no adjustment in the Exercise Price will be required unless such adjustment would require an increase or decrease of at least 1% in the Exercise Price; provided, however, that any adjustments which by reason of this subsection 2.3.5 are not required to be made will be carried forward and taken into account in any subsequent adjustment.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!