Common use of No Fractional Adjustments Clause in Contracts

No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereof, or shall be made on the earlier of the end of three years from the date of the event giving rise to the adjustment being carried forward or such conversion.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Durect Corp), Asset Purchase Agreement (Durect Corp)

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No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 A, Series B, Series C and Series D Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereofforward, or shall be made on the earlier of at the end of three years from the date of the event giving rise to the adjustment being carried forward or or, if earlier, the date of any conversion of such conversionPreferred Stock.

Appears in 2 contracts

Samples: Preferred Stock Warrant Agreement (Zoosk, Inc), Zoosk, Inc

No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 A, Series A-l; Series B, Series B-x or Series C Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereofforward, or shall be made on the earlier of at the end of three years from the date of the event giving rise to the adjustment being carried forward or such conversionforward.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (WhiteSmoke, Inc.)

No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 A or Series B Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereofforward, or shall be made on the earlier of at the end of three years from the date of the event giving rise to the adjustment being carried forward or such conversionforward.

Appears in 1 contract

Samples: Voting Agreement (WhiteSmoke, Inc.)

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No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 A Preferred Stock shall be made in an amount less than one-tenth of one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereofforward, or shall be made on the earlier of at the end of three years from the date of the event giving rise to the adjustment being carried forward or such conversionforward.

Appears in 1 contract

Samples: Stock Purchase Agreement (Deltagen Inc)

No Fractional Adjustments. No adjustment of the ------------------------- Conversion Price for the Series B-1 A, Series A-l; Series B, Series B-l or Xxries C Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments which are not required to be made by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to the earlier of three years from the date of the event giving rise to the adjustment being carried forward or the conversion of such shares into Common Stock in accordance with the terms hereofforward, or shall be made on the earlier of at the end of three years from the date of the event giving rise to the adjustment being carried forward or such conversionforward.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (WhiteSmoke, Inc.)

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