Common use of Minimum Adjustment Clause in Contracts

Minimum Adjustment. No adjustment in the number of Common shares ------------------ subject to this Option or the Option Price shall be required under this Section 3 unless such adjustment would require an increase or decrease in such number of shares of at least 1% of the then adjusted number of Common shares issuable upon exercise of the Option, provided, however, that any adjustments which by reason of the foregoing are not required at the time to be made shall be carried forward and taken into account and included in determining the amount of any subsequent adjustment. If the Company shall make a record of the Holders of its Common Shares for the purpose of entitling them to receive any dividend or adjustment in the number of Common Shares subject to the Option shall be required by reason of the making of such record.

Appears in 14 contracts

Samples: Option to Purchase Agreement (Vitafort International Corp), Option Agreement (Vitafort International Corp), Option Agreement (Vitafort International Corp)

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Minimum Adjustment. No adjustment in the number of Common shares ------------------ subject to this Option Warrant or the Option Warrant Price shall be required under this Section 3 unless such adjustment would require an increase or decrease in such number of shares of at least 1% of the then adjusted number of Common shares issuable upon exercise of the OptionWarrant, provided, however, that any adjustments which by reason of the foregoing are not required at the time to be made shall be carried forward and taken into account and included in determining the amount of any subsequent adjustment. If the Company shall make a record of the Holders of its Common Shares for the purpose of entitling them to receive any dividend or adjustment in the number of Common Shares subject to the Option Warrant shall be required by reason of the making of such record.

Appears in 1 contract

Samples: Warrant Agreement (Recom Managed Systems Inc De/)

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