Assumption and Conversion of Servicesoft Warrants Sample Clauses
Assumption and Conversion of Servicesoft Warrants. Effective at the Effective Time, Broadbase will assume all outstanding Servicesoft Warrants (as defined in Section 4.3(b)), and each of the Servicesoft Warrants shall by its terms be converted into a warrant to purchase that number of shares of Broadbase common stock (a "BROADBASE WARRANT") which equals the number of shares of Servicesoft Common Stock issuable pursuant to such Servicesoft Warrant immediately prior to the Effective Time, multiplied by the Conversion Ratio, rounded down to the nearest whole share. The per share exercise price for each Broadbase Warrant will equal the per share exercise price of each such Servicesoft Warrant immediately prior to the Effective Time divided by the Conversion Ratio, rounded up to the nearest whole cent. No cash will be paid in lieu of fractional shares which are rounded down pursuant to this Section 2.1(a)(iv). No Broadbase Warrants or Exchange Shares shall be issued with respect to Servicesoft Warrants that are canceled subsequent to the date of this Agreement and prior to the Effective Time.