Common use of Deferral of Adjustments Clause in Contracts

Deferral of Adjustments. 2.4.1 Notwithstanding any adjustments to the Warrant Price required under this Section 2, no adjustment in the number of shares of Common Stock purchasable hereunder shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the Warrant Price in effect at the time such adjustment is otherwise so required to be made; provided, however, that any adjustments which by reason of this Section 2.4.1 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations shall be made to the nearest .001 of a cent.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Spectrx Inc), Warrant Agreement (Spectrx Inc), Stock Purchase Agreement (Spectrx Inc)