Rounding of Calculations; Minimum Adjustment. All calculations under this Section 5(a) shall be made to the nearest cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provisions of this Section 5 to the contrary notwithstanding, no adjustment in the Exercise Price and the number of Exercise Shares shall be made if the amount of such adjustment would be less than $0.01 or one hundredth (1/100th) of a share, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or more or one hundredth (1/100th) of a share.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc)
Rounding of Calculations; Minimum Adjustment. All calculations under this Section 5(a5 (a) and under Section 5 (b) shall be made to the nearest cent or to the nearest one hundredth (1/100th) of a whole share, as the case may be. Any provisions provision of this Section 5 to the contrary notwithstanding, no adjustment in the Exercise Price and the number of Exercise Shares shall be made if the amount of such adjustment would be less than $0.01 or one hundredth (1/100th) of a sharepercent, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 one percent or more or one hundredth (1/100th) of a sharemore.
Appears in 2 contracts
Samples: Warrant Agreement (Tdlog, LLC), Warrant Agreement (Driftwood Resources, LLC)