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 Preferred Stock or Redeemable Warrants and shall 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 Preferred Stock or Redeemable Warrants, as the case may be. 11.

Appears in 1 contract

Samples: 'S Warrant Agreement (Ifs International Inc)

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Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Warrant Shares on the exercise of Preferred Stock or Redeemable Warrants and this Warrant, nor shall not 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 Preferred Stock or Redeemable Warrants, as the case may be. 11eliminated.

Appears in 1 contract

Samples: Services and License Agreement (Sinofresh Healthcare Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Ordinary Shares upon the exercise of Preferred Stock or Redeemable Warrants and the Warrant, nor shall not 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 Preferred Stock Ordinary Shares, or Redeemable Warrantsother securities, as the case may be. 11properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Nur Macroprinters LTD)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Common Stock or Redeemable Warrants and upon the exercise of the Warrants, nor shall not 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 or down to the nearest whole number of shares of Preferred Common Stock or Redeemable WarrantsWarrants or other securities, as the case may be. 11properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Prospect Medical Holdings Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Warrant Shares upon the exercise of Preferred Stock or Redeemable Warrants and the Warrants, nor shall not it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all 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 Preferred Stock or Redeemable Warrants, as the case may be. 11Shares.

Appears in 1 contract

Samples: Underwriters' Warrant Agreement (Startec Global Communications Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Shares upon the exercise of Preferred Stock or Redeemable Warrants and the Warrants, nor shall not it be required to issue scrip or pay cash in lieu of fractional interests; provided, it being however, that if a Holder exercises all 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 Preferred Stock or Redeemable Warrants, as the case may be. 11Shares.

Appears in 1 contract

Samples: Warrant Agreement (All American Food Group Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Common Stock or Redeemable Underlying Warrants and upon the exercise of the Warrants, nor shall not 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 Preferred Common Stock or Redeemable Warrantsother securities, as the case may be. 11properties or rights.

Appears in 1 contract

Samples: Representatives' Warrant Agreement (Galacticomm Technologies Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Stock or Redeemable Warrants and shall not upon the exercise of the Warrants, nor shaft it be required to issue scrip script 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 or shares of Preferred Stock or Redeemable Warrants, as the case may be. 11.Stock

Appears in 1 contract

Samples: Warrant Agreement (Home Director Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Stock or Redeemable Warrants Ordinary Shares and shall not be required to issue scrip or pay cash in lieu ADSs upon the exercise of fractional intereststhe 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 Preferred Stock Ordinary Shares and ADSs or Redeemable Warrantsother securities, as the case may be. 11properties 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 Shares or fractions of Preferred Stock or Redeemable Underlying Warrants and upon the exercise of the Warrants nor shall not 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 Preferred Stock or Redeemable Shares and Underlying Warrants, as the case may be. 11.

Appears in 1 contract

Samples: Warrant Agreement (Accent Software International LTD)

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Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Class A Stock or Redeemable Warrants and fractions of warrants upon the exercise of the Representative's Warrants, nor shall not 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 Preferred Class A Stock or Redeemable Warrants, as the case may be. 11and warrants.

Appears in 1 contract

Samples: 'S Warrant Agreement (Bio Aqua Systems Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Warrant Shares or Underlying Warrants upon the exercise of Preferred Stock or Redeemable the Warrants and nor shall not 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 Preferred Stock Warrant Shares or Redeemable Underlying Warrants, as the case may be. 11.

Appears in 1 contract

Samples: Warrant Agreement (Accent Software International LTD)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Shares or fractions of Preferred Stock or Redeemable Warrants and warrants upon the exercise of the Representative's Warrants, nor shall not 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 Preferred Stock or Redeemable Warrants, as the case may be. 11Shares and warrants.

Appears in 1 contract

Samples: Warrant Agreement (Bio Aqua Systems Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Preferred Common Stock or Redeemable Warrants and on the exercise of this Warrant, nor shall not 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 Preferred Stock or Redeemable Warrants, as the case may be. 11.

Appears in 1 contract

Samples: Pharmaprint Inc

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Representative's Shares upon the exercise of Preferred Stock or Redeemable Warrants and the Representative's Unit Warrant, nor shall not 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 Preferred Common Stock or Redeemable Warrantsother securities, as the case may be. 11properties or rights.

Appears in 1 contract

Samples: 'S Unit Warrant Agreement (Delcath Systems Inc)

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