Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 9 contracts

Samples: 'S Warrant Agreement (Pacifichealth Laboratories Inc), Underwriter's Warrant Agreement (Pacifichealth Laboratories Inc), Warrant Agreement (Jeremys Microbatch Ice Creams Inc)

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Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Warrants upon the exercise or transfer of the Underwriter's WarrantsPurchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of Warrants, shares of Common Stock or other securities, properties or rights.

Appears in 8 contracts

Samples: Underwriting Agreement (Fusion Telecommunications International Inc), Teardrop Golf Co, Millbrook Press Inc

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu fractions of fractional interestsshares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 8 contracts

Samples: 'S Warrant Agreement (Liquor Com Inc), Warrant Agreement (Lasik America Inc), Warrant Agreement (Lasik America Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock Stock, or other securities, properties or rights.

Appears in 8 contracts

Samples: Underwriters' Warrant Agreement (Cumetrix Data Systems Corp), Warrant Agreement (Cti Industries Corp), Warrant Agreement (Cumetrix Data Systems Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock Shares or Warrants upon the exercise of the Underwriter's WarrantsPurchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of shares of Warrants, Common Stock Shares or other securities, properties or rights.

Appears in 6 contracts

Samples: FMG Acquisition Corp, International Brands Management Group LTD, International Brands Management Group LTD

Elimination of Fractional Interests. The Company shall not be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's WarrantsStock, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rightseliminated.

Appears in 6 contracts

Samples: Common Stock Purchase Warrant (Adino Energy Corp), Director’s Option Agreement (VirTra, Inc), Asphalt Paving International Inc

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the UnderwriterFinancial Advisor's WarrantsWarrant, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 5 contracts

Samples: Advisor's Warrant Agreement (I Trax Inc), Warrant Agreement (Medical Technology Systems Inc /De/), Advisor's Warrant Agreement (I Trax Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Class A Common Stock upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Class A Common Stock or other securities, properties or rights.

Appears in 4 contracts

Samples: Warrant Agreement (Vaso Active Pharmaceuticals Inc), Warrant Agreement (Vaso Active Pharmaceuticals Inc), Warrant Agreement (Vaso Active Pharmaceuticals Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's WarrantsUnderwriters' Warrant, nor shall it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all Underwriters' Warrant held of record by such Holder the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 4 contracts

Samples: Warrant Agreement (Go2pharmacy Com Inc), Warrant Agreement (Eonnet Media Inc), Warrant Agreement (Urban Cool Network Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Warrants, nor or Redeemable Warrants and shall it not be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securitiesRedeemable Warrants, properties or rightsas the case may be.

Appears in 3 contracts

Samples: Warrant Agreement (Connecticut Valley Sports Inc), 'S Warrant Agreement (Aviation Group Inc), Underwriter's Warrant Agreement (Epi Technologies Inc/De)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the UnderwriterPlacement Agent's WarrantsWarrant, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 2 contracts

Samples: Warrant Agreement (Casull Arms Corp), Warrant Agreement (Medical Technology Systems Inc /De/)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Class A Warrants upon the exercise of the Underwriter's WarrantsPurchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of Class A Warrants, shares of Common Stock or other securities, properties or rights.

Appears in 2 contracts

Samples: Grout Dianna, Unity Emerging Technology Venture One LTD

Elimination of Fractional Interests. The Company shall not be required ----------------------------------- to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 2 contracts

Samples: Warrant Agreement (Fairfield Communities Inc), Warrant Agreement (Fairfield Communities Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's WarrantsFinancial Advisor’s Warrant, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Stealth Medialabs Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock Stock, Redeemable Warrants or Debentures upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants or principal amount of Debentures or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Integrated Physician Systems Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Underwriters' Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all Underwriters' Warrants held of record by such Holder, the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rightsStock.

Appears in 1 contract

Samples: Warrant Agreement (Med Emerg International Inc)

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Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock Ordinary Shares and ADSs upon the exercise of the Underwriter's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock Ordinary Shares and ADSs or other securities, properties or rights.

Appears in 1 contract

Samples: Ohs Draft (Town Pages Holdings PLC)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise or transfer of the Underwriter's WarrantsPurchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Global Telecommunication Solutions Inc

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Underwriters Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Underwriters Warrant Agreement (U S Laboratories Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Warrants upon the exercise of the Underwriter's WarrantsPurchase option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of Warrants, shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Harbor Acquisition Corp.

Elimination of Fractional Interests. The Company shall not be -------------------------------------- required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's Warrantsthis Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Absolutefuture Com

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the UnderwriterPlacement Agent's Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction of .5 or greater up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Victory Entertainment Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Warrants upon the exercise of the Underwriter's Representative Warrants, nor shall it be required to issue scrip or pay cash in lieu fractions of fractional interestsshares of Common Stock upon the exercise of the Warrants underlying the Representative Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Samples: 'S Warrant Agreement (Eautoclaims Com Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock aSnd/or Redeemable Warrants upon the exercise of the Underwriter's Underwriters' Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all Underwriters' Warrants held of record by such Holder the intent of the parties that all fractional interests shall be eliminated by rounding (up or down) any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Rockwell Medical Technologies Inc)

Elimination of Fractional Interests. The Company shall not ----------------------------------- be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Underwriter's WarrantsUnderwriters' Warrant, nor shall it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all Underwriters' Warrant held of record by such Holder the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Vertical Health Solutions Inc)

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