No Fractional Common Shares or Warrants Sample Clauses

No Fractional Common Shares or Warrants. Notwithstanding any adjustments provided for in Section 11 hereof or otherwise, the Company shall not be required upon the exercise of any BEE Warrants to issue fractional BEE Warrant Shares in satisfaction of its obligations hereunder and, in any such case, the number of BEE Warrant Shares issuable upon the exercise of any BEE Warrants shall be rounded down to the nearest whole number.
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No Fractional Common Shares or Warrants. (a) The Company will not, whether pursuant to an adjustment in accordance with Section 4.7 hereof or under any other circumstance, be obligated after the aggregation of the number of Common Shares and Warrants to be issued to each holder of Special Warrants to issue any fraction of a Common Share or Warrant on the conversion of Special Warrants. If a holder of a Special Warrant would otherwise be entitled to a fractional Common Share or Warrant pursuant to the conversion of the Special Warrants, the number of Common Shares and Warrants to be issued will be rounded down to the next whole number, if the holder is entitled to receive less than 0.5 of a Common Share or Warrant and rounded up to the next whole number, if the holder is entitled to receive 0.5 or more of a Common Share or Warrant, and the holder of such Special Warrants will not be entitled to any cash compensation in respect of such fraction.
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No Fractional Common Shares or Warrants. (a) The Corporation will not, whether pursuant to an adjustment in accordance with Section 4.7 hereof or pursuant to the Warrant Indenture or under any other circumstance, be obligated after the aggregation of the number of Common Shares and Warrants to be issued to each holder of Special Warrants to issue any fraction of a Common Share or Warrant on the conversion or deemed conversion of Special Warrants. If a holder of a Special Warrant would otherwise be entitled to a fractional Common Share or Warrant pursuant to the conversion or deemed conversion of the Special Warrants, the number of Common Shares and Warrants to be issued will be rounded down to the next whole number of Common Shares or Warrants, as applicable, and the holder of such Special Warrants will not be entitled to any cash compensation in respect of such fraction.
Sample 1

Related to No Fractional Common Shares or Warrants

  • No Fractional Shares of Parent Common Stock (a) No certificates or scrip of shares of Parent Common Stock representing fractional shares of Parent Common Stock or book-entry credit of the same shall be issued upon the surrender for exchange of Certificates and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Parent or a holder of shares of Parent Common Stock.

  • No Fractional Shares Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.

  • No Fractional Share No fractional Share shall be issuable upon exercise of this Warrant and the number of Shares to be issued shall be rounded down to the nearest whole Share. If a fractional Share interest arises upon any exercise of the Warrant, the Company shall eliminate such fractional Share interest by paying Holder in cash the amount computed by multiplying the fractional interest by (i) the fair market value (as determined in accordance with Section 1.3 above) of a full Share, less (ii) the then-effective Warrant Price.

  • No Fractional Warrants or Shares Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number of shares of Common Stock to be issued to the Warrant holder.

  • No Fractional Shares or Scrip No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

  • No Fractional Units No fractional Units shall be issued by the Partnership.

  • No Fractional Warrants The Company shall not issue fractional Warrants. If a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.

  • No Fractional Exercise No fractional Warrant Shares will be issued upon the exercise of the Warrant. If, by reason of any adjustment made pursuant to Section 4, a Holder would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up or down, as applicable, to the nearest whole number the number of Warrant Shares to be issued to such Holder.

  • No Fractional Shares To Be Issued The Company shall not be required to issue fractions of Shares upon exercise of this Warrant. If any fraction of a Share would, but for this Section, be issuable upon any exercise of this Warrant, in lieu of such fractional Share the Company shall pay to the Holder or Holders, as the case may be, in cash, an amount equal to the same fraction of the Fair Market Value per share of outstanding Shares on the Business Day immediately prior to the date of such exercise.

  • Fractional Warrants and Fractional Shares (a) If the number of shares of Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 9 hereof, the Company nevertheless shall not be required to issue fractions of shares, upon exercise of the Warrants or otherwise, or to distribute certificates that evidence fractional shares. With respect to any fraction of a share called for upon any exercise hereof, the Company shall pay to the Holder an amount in cash equal to such fraction multiplied by the current market value of such fractional share, determined as follows:

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