Common use of Fractional Securities Clause in Contracts

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.

Appears in 3 contracts

Samples: Share Exchange Agreement (Global System Designs, Inc.), Share Exchange Agreement (ALKALINE WATER Co INC), Share Exchange Agreement (Teckmine Industries Inc.)

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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 if the Shareholder is entitled to receive a fractional amount of Consideration Shares Shares, the Shareholder will be entitled to have such fraction rounded down up to the nearest whole number of applicable Consideration Shares and will receive from the Purchaser a certificate representing same.

Appears in 2 contracts

Samples: Share Exchange Agreement, Share Exchange Agreement (Qwick Media Inc.)

Fractional Securities. Notwithstanding any other provision of this Agreement, no fractional Consideration Shares Securities will be issued in the Transaction. In lieu of any such fractional securities, any Target Shareholder entitled to receive a fractional amount of Consideration Shares Securities will be entitled to have such fraction rounded down to the nearest whole number of applicable Consideration Shares Securities, and will receive from the Purchaser a certificate representing same.

Appears in 2 contracts

Samples: Securities Exchange Agreement, Share Exchange Agreement (Be at TV, Inc.)

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Fractional Securities. Notwithstanding any other provision of this Agreement, no fractional Consideration Shares Securities will be issued in the Transaction. In lieu of any such fractional securities, any Shareholder entitled to receive a fractional amount of Consideration Shares the Accepting Shareholders will be entitled to have such fraction rounded down up to the nearest whole number of applicable Consideration Shares Securities and will receive from the Purchaser a certificate representing same.

Appears in 1 contract

Samples: Share Purchase Agreement and Plan of Merger (Hunt Global Resources, Inc.)

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