Common use of Adjustment of Less Than $ Clause in Contracts

Adjustment of Less Than $. The corporation shall not be required to give any Notice of Adjustment of the Conversion Price in accordance with paragraph II.E.3.h if the amount of such adjustment shall be less than $.01, but in such case any such adjustment shall be carried forward and notice thereof shall be given at the time of and together with the next subsequent adjustment, which, together with any adjustment so carried forward, shall amount to not less than $.01 per share; provided, however, that notice of each such adjustment of the Conversion Price shall be given not later than three years from the date such adjustment would have been required to be made except for the provisions of this paragraph II.E.3.j.