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

Rounding of Calculations; Minimum Adjustments. All calculations under this Section 8 shall be made to the nearest one thousandth (1/1000th) of a share. Any provision of this Section 8 to the contrary notwithstanding, no adjustment in the number of Warrant Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than one hundredth (1/100th) 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 one hundredth (1/100th) of a share of Common Stock, or more.

Appears in 2 contracts

Samples: Transfer and Contribution Agreement (Resource America, Inc.), Transfer and Contribution Agreement (Resource Capital Corp.)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Section 8 shall be made to the nearest one thousandth (1/1000th) of a share. Any provision of this Section 8 to the contrary notwithstanding, no adjustment in the number of Warrant Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than one hundredth (1/100th) 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 one hundredth (1/100th1/100 th ) of a share of Common Stock, or more.

Appears in 1 contract

Samples: Transfer and Contribution Agreement

Rounding of Calculations; Minimum Adjustments. All calculations under this Section 8 11 shall be made to the nearest one thousandth one-tenth (1/1000th1/10th) of a cent or to the nearest one‑hundredth (1/100th) of a share, as the case may be. Any provision of this Section 8 11 to the contrary notwithstanding, no adjustment in the number of Warrant Shares into which this Warrant is exercisable Conversion Price or the Conversion Rate shall be made if the amount of such adjustment would be less than one hundredth $0.01 or one-tenth (1/100th1/10th) 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 one hundredth (1/100th) $0.01 or 1/10th of a share of Common Stock, or more.

Appears in 1 contract

Samples: Exchange Agreement (Independent Bank Corp /Mi/)

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Rounding of Calculations; Minimum Adjustments. All calculations under this Section 8 shall be made to the nearest one thousandth (1/1000th) of a share. Any provision of this Section 8 to the contrary notwithstanding, no adjustment in the number of Warrant Shares into for which this Warrant is exercisable shall be made if the amount of such adjustment would be less than one hundredth (1/100th) 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 one hundredth (1/100th) 1/100th of a share of Common Stock, or more.

Appears in 1 contract

Samples: Warrant Agreement (Resource America, Inc.)

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