Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Issuer shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the 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 8 contracts

Samples: Warrant Agreement (Coast to Coast Equity Group, Inc.), Warrant Agreement (Quetzal Capital I Inc), Warrant Agreement (Sun City Industries Inc)

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Elimination of Fractional Interests. The Issuer shall not be required to issue certificates representing fractions of shares of Common Stock upon on the exercise of the Warrantsthis 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 rightseliminated.

Appears in 1 contract

Samples: Nhancement Technologies Inc

Elimination of Fractional Interests. The Issuer shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the 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: Warrant B Agreement (Ibx Group Inc)

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Elimination of Fractional Interests. The Issuer shall not be required to issue certificates representing fractions of shares of Common Capital Stock upon the exercise of the 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 Capital Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Colmena Corp)

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