Common use of Minimum Adjustment Clause in Contracts

Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.05; provided, however, that any adjustments, which by reason of this Subsection 4 (e) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Price, in addition to those required by this Subsection 4(e), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 9 contracts

Samples: Warrant Agreement (Mateon Therapeutics Inc), Warrant Agreement (Mateon Therapeutics Inc), Warrant Agreement (Mateon Therapeutics Inc)

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Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.050.01; provided, however, that any adjustments, which by reason of this Subsection Paragraph 4 (eg) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Priceconversion price, in addition to those required by this Subsection 4(eParagraph 4 (g), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 2 contracts

Samples: Warrant Agreement (Noble Romans Inc), Warrant Agreement (Noble Romans Inc)

Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.05; provided, however, that any adjustments, which by reason of this Subsection Paragraph 4 (ej) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Price, in addition to those required by this Subsection 4(eParagraph 4 (j), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.. Redeemable Common Stock Purchase Warrant-$0.90 issued by Digital Power Corporation

Appears in 1 contract

Samples: Warrant Agreement (Digital Power Corp)

Minimum Adjustment. No adjustment in the Warrant Price conversion price shall be required if such adjustment is less than $0.051% of the then Existing Conversion Price; provided, however, that any adjustments, adjustments which by reason of this Subsection Paragraph 4 (e) are not required to be made, made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company Maker shall be entitled to make such reductions in the Warrant Priceconversion price, in addition to those required by this Subsection 4(eParagraph 4 (e), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company Maker to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Securities Purchase Agreement (MCF Corp)

Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.05; provided, however, that any adjustments, which by reason of this Subsection Paragraph 4 (ej) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Price, in addition to those required by this Subsection 4(eParagraph 4 (j), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.. Redeemable Common Stock Purchase Warrant-$0.80 issued by Digital Power Corporation

Appears in 1 contract

Samples: Warrant Agreement (Digital Power Corp)

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Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.05; provided, however, that any adjustments, which by reason of this Subsection Paragraph 4 (e) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Price, in addition to those required by this Subsection 4(eParagraph 4 (e), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Warrant Agreement (Digital Power Corp)

Minimum Adjustment. No adjustment in the Warrant Price Conversion Rate shall be required if such adjustment is less than $0.052% of the then existing Conversion Rate; provided, however, that any adjustments, adjustments which by reason of this Subsection Paragraph 4 (ed) are not required to be made, made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company Maker shall be entitled to make such reductions in the Warrant PriceConversion Rate, in addition to those required by this Subsection 4(eParagraph 4 (d), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company Maker to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Convertible Note (Noble Romans Inc)

Minimum Adjustment. No adjustment in the Warrant Price shall be required if such adjustment is less than $0.05; provided, however, that any adjustments, which by reason of this Subsection 4 (e4(e) are not required to be made, shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything to the contrary notwithstanding, the Company shall be entitled to make such reductions in the Warrant Price, in addition to those required by this Subsection 4(e), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Warrant Agreement (Mateon Therapeutics Inc)

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