Fractional Securities. Notwithstanding any other provision of this Agreement, no fractional Consideration Shares will be issued in the Transaction. In lieu of any such fractional securities, any Shareholder entitled to receive a fractional amount of Consideration Shares will be entitled to have such fraction rounded down to the nearest whole number of applicable Consideration Shares and will receive from the Purchaser a certificate representing same.
Fractional Securities. No fractional common shares will be issued. Any fractional common shares that would otherwise have been issued shall be rounded down to the nearest whole number.
Fractional Securities. (a) If the number of shares of Common Stock and other securities purchasable upon the exercise of each Class A Warrant is adjusted as above provided, the Company, nevertheless, shall not be required to issue fractions of shares or Class B Warrants pertaining to fractional shares upon exercise of the Class A Warrants or otherwise, or to distribute certificates that evidence fractional shares or the right to purchase fractional shares. With respect to any fraction of a share or Class B Warrant that would relate to a fraction of a share called for upon any exercise hereof, the Company shall pay to the Registered Holder an amount in cash equal to such fraction multiplied by the current market value of such fractional share or Class B Warrants relating to fractional shares, determined as follows:
Fractional Securities. No holder of Western Copper Shares shall receive fractional securities of Western Amalco, NorthIsle or Copper North and no cash will be paid in lieu thereof. Any fractions resulting will be rounded to the nearest whole number, with fractions of one-half or greater being rounded to the next higher whole number and fractions of less than one-half being rounded to the next lower whole number.
Fractional Securities. No fraction of a Parent Preferred Unit will be issued by virtue of the Merger, but in lieu thereof each Minority Holder that would otherwise be entitled to a fraction of a Parent Preferred Unit (after aggregating all fractional Parent Preferred Units that otherwise would be received by such Minority Holder) shall, in lieu of such fractional Parent Preferred Unit, upon surrender of such Minority Holder’s Certificate(s) or Book-Entry Share(s), be paid an amount of cash (rounded to the nearest whole cent), without interest, equal to the product of: (i) such fraction, multiplied by (ii) the Parent Preferred Liquidation Preference.
Fractional Securities. (a) If the number of shares of Common Stock and other securities purchasable upon the exercise of each Class B Warrant is adjusted as above provided, the Company, nevertheless, shall not be required to issue fractions of shares pertaining to fractional shares upon exercise of the Class B Warrants or otherwise, or to distribute certificates that evidence fractional shares or the right to purchase fractional shares. With respect to any fraction of a share that would relate to a fraction of a share called for upon any exercise hereof, the Company shall pay to the Registered Holder an amount in cash equal to such fraction multiplied by the current market value of such fractional share relating to fractional shares, determined as follows:
Fractional Securities. Notwithstanding any other provision of this Agreement, no fractional Acquirer Stock will be issued in the Takeover. In lieu of any such fractional securities, the Vendors will be entitled to have any such fraction of one–half or more rounded up to the nearest whole number and any such fraction of less than one-half rounded down to the nearest whole number of applicable Acquirer Stock and will receive from the Acquirer a certificate representing same.
Fractional Securities. No fractional Conversion Shares shall be issued upon conversion of this Note.
Fractional Securities. No fractional shares of Common Stock shall be issued in connection with any conversion of Class B Preferred. In lieu of any fractional shares, the Company shall make a cash payment therefore equal in amount to the applicable fraction of the Conversion Price.
Fractional Securities. No fraction of a Parent Common Share will be issued in connection with the Purchase and Sale. In lieu of such issuance, all Parent Common Shares issued to the Shareholders shall be rounded up to the closest whole Parent Common Share.
