Common use of When De Minimis Adjustment May Be Deferred Clause in Contracts

When De Minimis Adjustment May Be Deferred. No adjustment in the number of Warrant Shares issuable upon exercise of one Warrant need be made unless the adjustment would require an increase or decrease of at least 1% in the number of Warrant Shares issuable upon exercise of one Warrant. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section shall be made to the nearest 1/100th of a share.

Appears in 10 contracts

Samples: Warrant Agreement (Oci Holdings Inc), Warrant Agreement (Geokinetics Inc), Warrant Agreement (Geokinetics Inc)

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When De Minimis Adjustment May Be Deferred. No adjustment in the number of Warrant Shares issuable upon exercise or exchange of one this Warrant need be made unless the adjustment would require an increase or decrease of at least 1% in the number of Warrant Shares issuable upon exercise or exchange of one this Warrant. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section shall be made to the nearest 1/100th of a shareshare or to the nearest 1/10th of a cent, as the case may be.

Appears in 1 contract

Samples: Warrant Agreement (Magellan Health Services Inc)

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When De Minimis Adjustment May Be Deferred. No adjustment in the number of Warrant Shares issuable upon exercise or exchange of one this Warrant need be made unless the adjustment would require an increase or decrease of at least 1% in the number of Warrant Shares issuable upon exercise or exchange of one this Warrant. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section shall be made to the nearest 1/100th 1/1000th of a shareshare or to the nearest 1/10th of a cent, as the case may be.

Appears in 1 contract

Samples: Warrant Agreement (Magellan Health Services Inc)

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