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

Rounding of Calculations; Minimum Adjustment. All calculations under this Section 13.4(a) shall be made to the nearest $.05 or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13.4 to the contrary notwithstanding, no adjustment in the Conversion Price shall be made if the amount of such adjustment would be less than one percent, 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 percent or more.

Appears in 3 contracts

Samples: Debenture Agreement (Earthcare Co), Note Agreement (Gp Strategies Corp), Nestor Inc

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Rounding of Calculations; Minimum Adjustment. All calculations under this Section 13.4(a) 8 shall be made to the nearest $.05 cent or to the nearest one hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13.4 paragraph to the contrary notwithstanding, no adjustment in the Conversion Price shall be made if the amount of such adjustment would be less than one percent$0.01, 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 percent $0.01 or more.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Remote MDX Inc), Registration Rights Agreement (Remote MDX Inc)

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