De Minimus Exception Sample Clauses
The De Minimus Exception clause establishes a threshold below which minor breaches or deviations from the contract are not considered actionable or do not trigger certain remedies. In practice, this means that insignificant errors, omissions, or shortfalls—such as a delivery being slightly underweight or a minor delay—are disregarded and do not result in penalties or claims. This clause serves to prevent parties from pursuing trivial issues, thereby focusing attention and resources on more substantial matters and reducing unnecessary disputes.
De Minimus Exception. Employer agrees that a medical service line (other than those listed in items (1) through (8) above), practice management service or other business in which Employer is engaged shall not be considered to be a part of Employer’s Business if such medical service line, practice management service or other business constitutes less than three percent (3%) of Employer’s annual revenues.
De Minimus Exception. Employer agrees that a medical service line (other than those listed in items 1 through 5 above), practice management service or other business entered into by Employer shall not be considered to be a part of Employer’s Business if such medical service line, practice management service or other business constitutes less than Fifteen Million Dollars ($15,000,000) of Employer’s annual revenues.
De Minimus Exception. If the amount of any single adjustment of the Conversion Price required pursuant to subsection 6(c) would be less than one cent ($.01) at the time such adjustment is otherwise so required to be made, such amount shall be carried forward and adjustment with respect thereto made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate at least one cent ($.01) when the Conversion Price is subsequently adjusted.
De Minimus Exception. (a) shall not prohibit any --------------------- SFEC Affiliate from making a passive investment that is (i) a direct or indirect interest in an entity that, as less than 5% of its business, has facilities that Directly Compete with the Amusement Park, (ii) a 5% or less interest in any entity that has a cost basis of less than $250,000 or (iii) a non-controlling interest that represents less than 5% of any publicly traded entity.
De Minimus Exception. Class Members who would otherwise receive a refund of less than five dollars will not receive any refund.
De Minimus Exception. No adjustment in the Exercise Price shall be required under this Section 12 unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 12(c) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 12 shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value or no par value of the Common Stock. No adjustment need be made under this Section 12 if all Warrant holders participate in such transaction on a basis and with notice that the Company’s Board of Directors determines to be fair and appropriate in light of the basis and notice on which holders of the Common Stock participate in the transaction. No adjustment need be made for rights to purchase the Common Stock purchased at the fair market value thereof (determined by the Company’s Board of Directors) pursuant to any of the Company’s plans for reinvestment of dividends or interest. Notwithstanding any other provision of this Section 12, no adjustment to the Exercise Price shall result in zero or in a negative number or shall reduce the Exercise Price below the then par value per share of the Common Stock, and any such purported adjustment shall instead reduce the Exercise Price to such par value (unless the Common Stock then has no par value in which case such purported adjustment shall instead reduce the Exercise Price to $0.001 per share). To the extent the Warrants become exercisable for cash, no adjustment need be made thereafter as to the cash. Interest will not accrue on the cash.