Common use of Minimal Adjustments Clause in Contracts

Minimal Adjustments. No adjustment in the Series A Conversion Price need be made if such adjustment would result in a change in the Series A Conversion Price of less than $0.01. Any adjustment of less than $0.01 which is not made shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, on a cumulative basis, amounts to an adjustment of $0.01 or more in the Series A Conversion Price, or upon conversion, whichever first occurs.

Minimal Adjustments. No adjustment in the Series A Conversion Price for the Series A, Series A-1, Series A-2, Series B or Series B-1 Preferred need be made if such adjustment would result in a change in the Series A Conversion Price of less than $0.01. Any adjustment of less than $0.01 which is not made as a result of the provisions of this Section C(7) shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, on a cumulative basis, amounts to an adjustment of $0.01 or more in the Series A Conversion Price, or upon conversion, whichever first occurs.

Minimal Adjustments. No adjustment in the Series A A-1 Conversion Price need be made if such adjustment would result in a change in the Series A A-1 Conversion Price of less than $0.01. Any adjustment of less than $0.01 which is not made shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, on a cumulative basis, amounts to an adjustment of $0.01 or more in the Series A A-1 Conversion Price, or upon conversion, whichever first occurs.

Minimal Adjustments. No adjustment in the a Series A Conversion Price need be made if such adjustment would result in a change in the a Series A Conversion Price of less than $0.01. Any adjustment of less than $0.01 which is not made shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, on a cumulative basis, amounts to an adjustment of $0.01 or more in the a Series A Conversion Price, or upon conversion, whichever first occurs.