Minimum Adjustment. No adjustment in the number of Warrant Shares purchasable by a Holder pursuant to Section 8.1(a) shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the number of Warrant Shares purchasable upon the exercise of each Warrant. The amount by which any adjustment is not made by reason of this subsection shall be carried forward and taken into account in any subsequent adjustment. All calculations shall be made to the nearest one-hundredth of a Warrant Share.
Appears in 9 contracts
Samples: Settlement Agreement, Settlement and Release Agreement (Macatawa Bank Corp), Warrant Agreement (Macatawa Bank Corp)
Minimum Adjustment. No adjustment in the number of Warrant Shares purchasable by a Holder pursuant to Section 8.1(a) hereunder shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the number of Warrant Shares purchasable upon the exercise of each Warrant. The amount by ; provided that any adjustments which any adjustment is not made by reason of this subsection paragraph (b) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations shall be made to the nearest one-hundredth thousandth of a Warrant ShareShare and the nearest cent.
Appears in 3 contracts
Samples: Class a Warrant Agent Agreement (Trilink Energy, Inc.), Class a Warrant Agreement (Hybrid Dynamics Corp), Warrant Agreement (Optical Cable Corp)
