Common use of Minimum Adjustment Clause in Contracts

Minimum Adjustment. The adjustments required by the preceding subsections of this Section 6 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of Shares purchasable upon exercise of this Warrant that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made decreases the Exercise Price immediately prior to the making of such adjustment by at least $0.01 or increases or decreases the number of Shares purchasable upon exercise of this Warrant immediately prior to the making of such adjustment by at least one Share. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Section 6 and not previously made, would result in the requisite minimum adjustment.

Appears in 10 contracts

Samples: Warrant Agreement (Aegis Communications Group Inc), Warrant Agreement (Pac-West Telecomm Inc), Warrant Agreement (Aegis Communications Group Inc)

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Minimum Adjustment. The adjustments required by the preceding subsections of this Section 6 8 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of Shares purchasable upon exercise of this Warrant that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made decreases the Exercise Price immediately prior to the making of such adjustment by at least $0.01 or increases or decreases the number of Shares purchasable upon exercise of this Warrant immediately prior to the making of such adjustment by at least one Share. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Section 6 8 and not previously made, would result in the requisite minimum adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Tribune Co), Warrant Agreement (Tribune Co)

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Minimum Adjustment. The adjustments required by the preceding subsections of this Section SECTION 6 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number Number of Shares purchasable upon exercise of this Per Warrant that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the Number of Shares Per Warrant, as the case may be, immediately prior to the making of such adjustment by at least $0.01 or increases or decreases the number of Shares purchasable upon exercise of this Warrant immediately prior to the making of such adjustment by at least one Shareadjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Section SECTION 6 and not previously made, would result in the requisite minimum adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Capital Environmental Resource Inc)

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