Common use of Fractional Shares; Interest; Effect of Conversion Clause in Contracts

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall round up any fractional share of 0Common Stock which would otherwise be due to the Investor upon conversion hereof. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released from all its Obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 2 contracts

Samples: Monaker Group, Inc., Monaker Group, Inc.

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Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the of the Company issuing any fractional shares to the Investor upon the conversion of this Note, the Company shall round up any fractional share of 0Common Stock which would otherwise be due pay to the Investor upon conversion hereofan amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released from all its Obligations obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 2 contracts

Samples: Convertible Promissory Note Purchase Agreement (500.com LTD), Convertible Promissory Note Purchase Agreement (500.com LTD)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the Company of Borrower issuing any fractional shares to Investor Lender upon the conversion of this Note, the Company Borrower shall round up any fractional share of 0Common Common Stock which would otherwise be due to the Investor Lender upon conversion hereof. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company Borrower shall be forever released from all its Obligations obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company Borrower for cancellation.

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall round up any fractional share of 0Common Stock which would otherwise be due pay to Investor an amount equal to the Investor upon product obtained by multiplying the applicable conversion hereofprice by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released from all its Obligations obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 1 contract

Samples: Security Agreement (Bloom Energy Corp)

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Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the of the Company issuing any fractional shares to the Investor upon the conversion of this Note, the Company shall round up any fractional share of 0Common Stock which would otherwise be due pay to Investor an amount equal to the Investor upon conversion hereofproduct obtained by multiplying the Series B Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released from all its Obligations obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 1 contract

Samples: Convertible Promissory Note Purchase Agreement (XL Fleet Corp.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu 0of 0the of the Company issuing any fractional shares to Investor Holder upon the conversion of this Note, the Company shall round up any fractional share of 0Common Stock which would otherwise be due pay to Holder an amount equal to the Investor upon product obtained by multiplying the applicable conversion hereofprice by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released from all its Obligations obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 1 contract

Samples: NexImmune, Inc.

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