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

Rounding of Calculations; Minimum Adjustments. All calculations under this Article II shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one-hundredth (1/100th) of a share, as the case may be. Any provision of this Article II to the contrary notwithstanding, no adjustment in the Exercise Price or the Exercise Number shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, 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 1/10th of a share of Common Stock, or more, or on exercise of a Warrant if it shall earlier occur.

Appears in 7 contracts

Samples: Warrant Agreement, Warrant Agreement (Primo Water Corp), Registration Rights Agreement (Knight Capital Group, Inc.)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Article II Section 15 shall be made to the nearest one-tenth hundredth (1/10th1/100th) of a cent or to the nearest one-hundredth (1/100th) of a share, as the case may be. Any provision of this Article II to the contrary notwithstanding, no No adjustment in the Exercise Price or the Exercise Number number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth hundredth (1/10th1/100th) of a share of Common NVCE Stock, 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 1/10th one-hundredth (1/100th) of a share of Common Stock, NVCE Stock or more, or on exercise of a Warrant if it shall earlier occur.

Appears in 6 contracts

Samples: Registration Rights Agreement (Strategic Value Bank Partners LLC), Registration Rights Agreement (First Foundation Inc.), Registration Rights Agreement (First Foundation Inc.)

Rounding of Calculations; Minimum Adjustments. All calculations under this Article II shall be made by the Company to the nearest one-tenth (1/10th) of a cent or to the nearest one-hundredth (1/100th) of a share, as the case may be. Any provision of this Article II to the contrary notwithstanding, no adjustment in the Exercise Price or the Exercise Number shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, 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 1/10th of a share of Common Stock, or more, or on exercise of a Warrant if it shall earlier occur.

Appears in 1 contract

Samples: Warrant Agreement (KCG Holdings, Inc.)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Article II IV shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one-hundredth (1/100th) of a share, as the case may be. Any provision of this Article II IV to the contrary notwithstanding, no adjustment in the Exercise Price or the Exercise Warrant Share Number shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, 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 1/10th of a share of Common Stock, or more, or on exercise of a Warrant if it shall earlier occur.

Appears in 1 contract

Samples: Warrant Agreement (Coeur D Alene Mines Corp)

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