No Fractional Securities. Notwithstanding any provision contained in this Warrant Agreement to the contrary, the Company shall not issue fractional Securities 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 Security, the Company shall, upon such exercise, round up or down to the nearest whole number the number of Securities to be issued to the Warrant holder.
Appears in 8 contracts
Samples: Warrant Agreement (OFS Capital Corp), Form of Warrant Agreement (THL Credit, Inc.), Warrant Agreement (Hercules Technology Growth Capital Inc)
No Fractional Securities. Notwithstanding any provision contained in this Warrant Agreement to the contrary, the Company shall not issue fractional Securities 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 all of such Warrantholder’s Warrants, to receive a fractional interest in a Security, the Company shall, upon such exercise, round up or down to the nearest whole number the number of the Securities to be issued to the Warrant holder.
Appears in 2 contracts
Samples: Warrant Agreement (Clopay Building Products Company, Inc.), Warrant Agreement (Griffon Corp)
No Fractional Securities. Notwithstanding any provision contained in this Warrant Agreement to the contrary, the Company shall not issue fractional Securities 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 Security, the Company shall, upon such exercise, round up or down to the nearest whole number the number of Securities to be issued to the Warrant holder.
Appears in 1 contract
Samples: Warrant Agreement (Horizon Technology Finance Corp)
