Common use of No Fractional Securities Clause in Contracts

No Fractional Securities. No fractional Parent Shares shall be issued pursuant hereto. In lieu of the issuance of any fractional Parent Shares, cash adjustments will be paid to holders in respect of any fractional Parent Shares that would otherwise be issuable, and the amount of such cash adjustment shall be equal to the product obtained by multiplying such holder’s fractional Parent Share that would otherwise be issuable by the closing price per share of Parent Shares on the New York Stock Exchange Composite Tape on the Closing Date as reported by The Wall Street Journal (Northeast edition) (or, if not reported thereby, any other authoritative source).

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Windrose Medical Properties Trust), Agreement and Plan of Merger (Windrose Medical Properties Trust), Agreement and Plan of Merger (Health Care Reit Inc /De/)

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No Fractional Securities. No fractional Parent Shares shall be issued pursuant hereto. In lieu of the issuance of any fractional fraction of a Parent SharesShare, cash adjustments will be paid to holders in respect of any fractional fraction of a Parent Shares Share that would otherwise be issuable, and the amount of such cash adjustment shall be equal to the product obtained by multiplying such holdershareholder’s fractional fraction of a Parent Share that would otherwise be issuable by the closing price per share of Parent Shares on the New York Stock Exchange Composite Transaction Tape on the Closing Date as reported by The Wall Street Journal (Northeast edition) (or, if not reported thereby, any other authoritative source).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Exelon Corp), Agreement and Plan of Merger (Public Service Enterprise Group Inc)

No Fractional Securities. No fractional Parent Shares shall be issued pursuant hereto. In lieu of the issuance of any fractional share of Parent Shares, cash adjustments will be paid to holders in respect of any fractional share of Parent Shares that would otherwise be issuable, and the amount of such cash adjustment shall be equal to the product obtained by multiplying such holder’s stockholder's fractional share of Parent Share Shares that would otherwise be issuable to such holder by the closing price per share of Parent Shares on the New York Stock Exchange Composite Tape NYSE on the Closing Date as reported by The Wall Street Journal (Northeast edition) (or, if not reported thereby, any other authoritative source).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Williams Companies Inc), Agreement and Plan of Merger (Williams Companies Inc)

No Fractional Securities. No fractional Parent Shares shall be ------------------------ issued pursuant hereto. In lieu of the issuance of any fractional share of Parent Shares, cash adjustments will be paid to holders in respect of any fractional share of Parent Shares that would otherwise be issuable, and the amount of such cash adjustment shall be equal to the product obtained by multiplying such holder’s stockholder's fractional share of Parent Share Shares that would otherwise be issuable to such holder by the closing price per share of Parent Shares on the New York Stock Exchange Composite Tape NYSE on the Closing Date as reported by The Wall Street Journal (Northeast edition) (or, if not reported thereby, any other authoritative source).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Barrett Resources Corp)

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No Fractional Securities. No fractional Parent Shares shall be issued pursuant hereto. In lieu of the issuance of any fractional share of Parent Shares, cash adjustments will be paid to holders in respect of any fractional share of Parent Shares that would otherwise be issuable, and the amount of such cash adjustment shall be equal to the product obtained by multiplying such holder’s stockholder's fractional share of Parent Share Shares that would otherwise be issuable by the closing price per share of Parent Shares on the New York Stock Exchange Composite Tape on the Closing Date as reported by The Wall Street Journal (Northeast edition) (or, if not reported thereby, any other authoritative source).

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Data Corp)

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