Common use of De Minimus Adjustments Clause in Contracts

De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 4 contracts

Samples: Note Purchase Agreement (Emagin Corp), Emagin Corp, Emagin Corp

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De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h6(c)(9) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI Section 6 shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 3 contracts

Samples: Purchase Agreement (Zix Corp), Purchase Agreement (Zix Corp), Zix Corp

De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h6.3(i) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 2 contracts

Samples: Patent and Trademark Security Agreement (Emagin Corp), Emagin Corp

De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h10(c)(9) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI Section 10 shall be made by the Company Corporation and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Emagin Corp)

De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; providedPROVIDED, howeverHOWEVER, that any adjustments which by reason of this Section 6.3(h6(c)(10) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI Section 6 shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 1 contract

Samples: Purchase Agreement (Viragen Inc)

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De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h6(c)(8) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI Section 6 shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 1 contract

Samples: Insmed Inc

De Minimus Adjustments. No adjustment in the Conversion Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 6.3(h6(c)(10) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article VI Section 6 shall be made by the Company and shall be made to the nearest cent or to the nearest one hundredth of a share, as the case may be. No adjustment need be made for a change in the par value of the Common Stock or from par value to no par value or from no par value to par value.

Appears in 1 contract

Samples: Viragen Inc

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