Common use of When Adjustments to Be Made Clause in Contracts

When Adjustments to Be Made. The adjustments required by --------------------------- the preceding subsections of this Section 5.1 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the number of shares of Preferred Stock comprising a Stock Unit that would otherwise be required shall be made (except in the case of a subdivision or combination of shares of the Preferred Stock, as provided for in Subsection 5.1(a)) unless and until such adjustment, either by itself or with other adjustments not previously made, adds or subtracts at least 1/20th of a share to or from the number of shares of Preferred Stock comprising a Stock Unit immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 2 contracts

Samples: Webmd Inc, Webmd Inc

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When Adjustments to Be Made. The adjustments required by the --------------------------- the preceding subsections of this Section 5.1 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the number of shares of Preferred Stock comprising a Stock Unit that would otherwise be required shall be made (except in the case of a subdivision or combination of shares of the Preferred Stock, as provided for in Subsection 5.1(a)) unless and until such adjustment, either by itself or with other adjustments not previously made, adds or subtracts at least 1/20th of a share to or from the number of shares of Preferred Stock comprising a Stock Unit immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 2 contracts

Samples: Webmd Inc, Webmd Inc

When Adjustments to Be Made. The adjustments required by --------------------------- the preceding subsections of this Section 5.1 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the number of shares of Preferred Series D Stock comprising a Stock Unit that would otherwise be required shall be made (except in the case of a subdivision or combination of shares of the Preferred Series D Stock, as provided for in Subsection 5.1(a)) unless and until such adjustment, either by itself or with other adjustments not previously made, adds or subtracts at least 1/20th of a share to or from the number of shares of Preferred Series D Stock comprising a Stock Unit immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 2 contracts

Samples: Letter Agreement (Webmd Inc), Stock Purchase Agreement (Webmd Inc)

When Adjustments to Be Made. The adjustments required by --------------------------- the preceding subsections of this Section 5.1 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the number of shares of Preferred Common Stock comprising a Stock Unit that would otherwise be required shall be made (except in the case of a subdivision or combination of shares of the Preferred Common Stock, as provided for in Subsection 5.1(a)) unless and until such adjustment, either by itself or with other adjustments not previously made, adds or subtracts at least 1/20th of a share to or from the number of shares of Preferred Common Stock comprising a Stock Unit immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 1 contract

Samples: Healtheon Webmd Corp

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When Adjustments to Be Made. The adjustments required by --------------------------- the preceding subsections of this Section 5.1 2 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no any adjustment of the number of shares of Preferred Common Stock comprising a Stock Unit into which the Notes are convertible that would otherwise be required shall may be made postponed (except in the case of a subdivision or combination of shares of the Preferred Common Stock, as provided for in Subsection 5.1(asubsection 2.(A)) unless and until up to, but not beyond the date of, conversion if such adjustment, adjustment either by itself or with other adjustments not previously made, made adds or subtracts at least 1/20th less than 1 % of a share to or from the number of shares of Preferred Common Stock comprising a Stock Unit issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) which is postponed shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section Section 2 and not previously made, would result in a minimum adjustmentadjustment or on the date of conversion. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 1 contract

Samples: Molecular Diagnostics Inc

When Adjustments to Be Made. The adjustments required by --------------------------- the preceding subsections of this Section 5.1 Subsection (c) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no any adjustment of to the number of shares of Common Shares into which the Series A Preferred Stock comprising a Stock Unit Shares are convertible that would otherwise be required shall may be made postponed (except in the case of a subdivision or combination of shares of the Preferred StockCommon Shares, as provided for in Subsection 5.1(a(c)(i)) unless and until up to, but not beyond the date of conversion if such adjustment, adjustment either by itself or with other adjustments not previously made, made adds or subtracts at least 1/20th less than 1% of a share to or from the number of shares of Common Shares into which the Series A Preferred Stock comprising a Stock Unit Shares are convertible immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount (except as aforesaid) that is postponed shall be carried forward and made as soon as such adjustment, together with other adjustments required by this section Subsection (c) and not previously made, would result in a minimum adjustmentadjustment or on the date of conversion. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc)

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