Common use of Rounding of Calculations; Minimum Adjustment Clause in Contracts

Rounding of Calculations; Minimum Adjustment. All calculations under this Section 5(h) shall be made to the nearest cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 5 to the contrary notwithstanding, no adjustment in the Conversion Price shall be made if the amount of such adjustment would be less than $0.01; 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 of more.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Draupnir LLC), Securities Purchase Agreement (Amcon Distributing Co)

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Rounding of Calculations; Minimum Adjustment. All calculations under this Section 5(h) 8 shall be made to the nearest cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 5 paragraph to the contrary notwithstanding, no adjustment in the Conversion Price shall be made if the amount of such adjustment would be less than $0.01; , 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 of or more.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Remote MDX Inc), Securities Purchase Agreement (Remote MDX Inc)

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Rounding of Calculations; Minimum Adjustment. All calculations -------------------------------------------- under this Section 5(h) 6 shall be made to the nearest cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 5 to the contrary notwithstanding, no No adjustment in the Conversion Price shall be made if the amount of such adjustment would be less than $0.01; , 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 of or more.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Video City Inc)

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