Common use of De Minimus Exception Clause in Contracts

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.

Appears in 7 contracts

Samples: Note Purchase Agreement (FNDS3000 Corp), Note Purchase Agreement (FNDS3000 Corp), Convertible Promissory Note (FNDS3000 Corp)

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