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

Rounding of Calculations; Minimum Adjustments. All calculations under this Section 7(c) shall be made to the nearest one-tenth (1/10th) of a cent. No adjustment in the Conversion Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi) are not required to be made will be carried forward and given effect in any subsequent adjustment.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Section 7(c) shall be made to the nearest one-tenth (1/10th) of a cent. No adjustment in the Conversion Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi7(c)(v) are not required to be made will be carried forward and given effect in any subsequent adjustment.

Appears in 2 contracts

Samples: Securities Purchase Agreement (L-1 Identity Solutions, Inc.), Securities Purchase Agreement (L-1 Identity Solutions, Inc.)

Rounding of Calculations; Minimum Adjustments. All calculations under this Section 7(c) shall be made to the nearest one-tenth (1/10th) of a cent. No adjustment in the Conversion Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi7(c)(vii) are not required to be made will be carried forward and given effect in any subsequent adjustment.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Avaya Inc)

Rounding of Calculations; Minimum Adjustments. All calculations under this Section 7(c) 8 shall be made to the nearest one-tenth (1/10th) of a cent. No adjustment in the Conversion Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi8(f) are not required to be made will be carried forward and given effect in any subsequent adjustment.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nyfix Inc)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Section 7(c7(d) or Section 7(e) shall be made to the nearest one-tenth (1/10th) of a cent. No adjustment in the Series C Conversion Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi7(i) are not required to be made will be carried forward and given effect in any subsequent adjustment.

Appears in 1 contract

Samples: Investment Agreement (RVL 1 LLC)

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