Common use of Minimum Adjustment of Exercise Price Clause in Contracts

Minimum Adjustment of Exercise Price. No adjustment of the Exercise Price shall be made in an amount of less than $.01, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than $.01.

Appears in 15 contracts

Samples: Warrant Agreement (Network Commerce Inc), Warrant Agreement (Virologic Inc), Warrant Agreement (Lumenon Innovative Lightwave Technology Inc)

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Minimum Adjustment of Exercise Price. No If the amount of any adjustment of the Exercise Price shall required pursuant to this Section 8.1 would be made in an amount of less than $.01.05, but any such lesser adjustment amount shall be carried forward forward, and an adjustment with respect thereto shall be made at the time of and together with the next any subsequent adjustment whichthat, together with such amount and any adjustments other amount or amounts so carried forward, shall amount to not less than aggregate at least $.01.05.

Appears in 1 contract

Samples: Warrant Agreement (Educational Video Conferencing Inc)

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