Common use of No Fractional Shares or Scrip Clause in Contracts

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole share.

Appears in 8 contracts

Sources: Warrant Agreement (Concurrent Computer Corp/De), Warrant Agreement (Concurrent Computer Corp/De), Warrant Agreement (Concurrent Computer Corp/De)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Warrant Shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, Warrant Shares the Company shall make a cash payment equal issue an additional share of Common Stock to the Current Market Price multiplied by Holder or pay the Holder the fair market value of such fraction orfractional share, at as determined in the reasonable discretion of the Board of Directors of the Company's option, round such fractional share to in the nearest whole shareCompany’s sole discretion.

Appears in 8 contracts

Sources: Lock Up Agreement (Agassi Sports Entertainment Corp.), Common Stock Purchase Warrant (Mangoceuticals, Inc.), Trademark Acquisition Agreement (Agassi Sports Entertainment Corp.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares share shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by round up such fraction or, at the Company's option, round such fractional share to the nearest whole sharenumber.

Appears in 6 contracts

Sources: Warrant Agreement (Pluristem Life Systems Inc), Warrant Agreement (Pluristem Life Systems Inc), Warrant Agreement (Pluristem Life Systems Inc)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round fair market value of such fractional share to the nearest whole share.

Appears in 5 contracts

Sources: Loan Agreement (White Mountain Titanium Corp), Memorandum of Understanding (White Mountain Titanium Corp), Warrant to Purchase Common Stock (Alpharx Inc)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to round up the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share number of shares to the nearest whole share.

Appears in 4 contracts

Sources: Underwriting Agreement (Pacific Multimedia Inc), Common Stock Warrant (E Com International Inc), Common Stock Warrant (E Com International Inc)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a prompt cash payment equal to the Current Fair Market Price Value of a share of Common Stock multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole sharefraction.

Appears in 4 contracts

Sources: Warrant Agreement (Acubid Com Inc), Warrant Agreement (Asia Web Holdings Inc), Warrant Agreement (Case Financial Inc)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrantthe rights under any Warrants. In lieu of any such fractional share Share to which the a Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share down to the nearest whole shareShare.

Appears in 4 contracts

Sources: Warrant Agreement (NEXGENT Inc.), Warrant Agreement (Crush Capital Inc.), Warrant Agreement (M&m Media, Inc.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall will be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round fair market value of such fractional share to the nearest whole share.

Appears in 4 contracts

Sources: Securities Agreement (Western Goldfields Inc), Securities Purchase Agreement (Western Goldfields Inc), Securities Purchase Agreement (Western Goldfields Inc)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In Warrant and the Holder shall not be entitled to any cash or other consideration in lieu of any fractional interest in a Warrant Share or claim thereto. As to any fraction of a share to which the Holder would otherwise be entitledentitled to purchase upon such exercise, the Company shall make a cash payment equal round such fraction down to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest next whole share.

Appears in 4 contracts

Sources: Common Share Purchase Agreement (Dragonwave Inc), Common Share Purchase Warrant (Dragonwave Inc), Common Share Purchase Warrant (Dragonwave Inc)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Shares shall be issued upon the any exercise of Warrants evidenced by this WarrantWarrant Certificate. In lieu of any fractional share to which the Holder Share that would otherwise be entitledissued to a Warrantholder upon the exercise of any Warrants, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share up to the nearest whole sharenumber the number of Shares to be issued to such Warrantholder.

Appears in 4 contracts

Sources: Warrant Agreement, Warrant Agreement (Horizon Lines, Inc.), Warrant Agreement (H-L Distribution Service, LLC)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, shares the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share up to the nearest whole share.

Appears in 4 contracts

Sources: Warrant Agreement (Neuropathix, Inc.), Warrant Agreement (Neuropathix, Inc.), Warrant Agreement (Globe Photos, Inc.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares of Common Stock shall be issued upon the exercise of this Warrant. In lieu As to any fraction of any fractional a share to of Common Stock which the Holder would otherwise be entitledentitled to purchase upon such exercise, the Company shall make a cash payment equal round down to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest next whole share. There shall be no prohibition on the issuance of fractional Warrant Shares.

Appears in 3 contracts

Sources: Warrant Agreement (ImmunoCellular Therapeutics, Ltd.), Warrant Agreement (ImmunoCellular Therapeutics, Ltd.), Warrant Agreement (ImmunoCellular Therapeutics, Ltd.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares Warrant Shares shall be issued upon the exercise of this Warrant. In lieu If pursuant to an exercise of any fractional share to which this Warrant the Holder would otherwise be entitledentitled to a fractional Common Share, then the Company shall make a cash payment equal to the Current Market Price multiplied by round such fraction or, at the Company's option, round such fractional of a share of Common Stock up or down to the nearest whole shareshare of Common Stock (with 0.5 rounded up), and no cash payment will be made in lieu thereof where rounded down.

Appears in 3 contracts

Sources: Warrant Agreement (NanoString Technologies Inc), Warrant Agreement (NanoString Technologies Inc), Subscription and Exchange Agreement (Comtech Telecommunications Corp /De/)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price product of the fair market value of a share of the Company’s Preferred Stock multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole sharefraction.

Appears in 3 contracts

Sources: Sublease (OncoMed Pharmaceuticals Inc), Sublease (OncoMed Pharmaceuticals Inc), Lease Agreement (OncoMed Pharmaceuticals Inc)

No Fractional Shares or Scrip. No fractional shares or scrip representing ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole share.

Appears in 3 contracts

Sources: Warrant Agreement (Concurrent Computer Corp/De), Warrant Agreement (Concurrent Computer Corp/De), Warrant Agreement (Concurrent Computer Corp/De)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Current Market Price fair market value of one share of Common Stock multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole sharefraction.

Appears in 2 contracts

Sources: Common Stock Warrant (Fuelcell Energy Inc), Common Stock Warrant (NRG Energy, Inc.)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Shares shall be issued upon the exercise of this WarrantWarrant and the number of Shares to be issued shall be rounded down to the nearest whole Share. In lieu of any such fractional share to which the Holder would otherwise be entitledShares, the Company shall make a cash payment equal to the Current Market Price Warrantholder of an amount equivalent to the number of fractional Shares multiplied by such fraction or, at the Company's option, round such fractional share to the nearest whole shareExercise Price then in effect.

Appears in 2 contracts

Sources: Warrant Agreement (Airnet Technology Inc.), Warrant Agreement (Airnet Technology Inc.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, shares the Company shall make a cash payment equal round all fractional shares to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest next whole share.

Appears in 1 contract

Sources: Warrant Agreement (Montalvo Spirits, Inc.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, shares the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share up to the nearest next whole share.

Appears in 1 contract

Sources: Warrant Agreement (Laserlock Technologies Inc)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, Shares the Company shall make a cash payment equal to the Current Market Price multiplied by such fraction or, at the Company's option, round such fractional share to the nearest issue one additional whole shareShare of Common Stock.

Appears in 1 contract

Sources: Warrant Agreement (Rockdale Resources Corp)

No Fractional Shares or Scrip. No fractional shares of Purchaser Common Stock or other equity interests or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the a Holder would otherwise be entitled, the Company Holder shall make be entitled to receive a cash payment equal to the Current Fair Market Price multiplied by such fraction or, at the Company's option, round Value of such fractional share to the nearest whole shareof Purchaser Common Stock.

Appears in 1 contract

Sources: Warrant Agreement (B. Riley Financial, Inc.)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal pay to Holder the Current Fair Market Price multiplied by such fraction or, at the Company's option, round Value of any such fractional share to the nearest whole shareShare.

Appears in 1 contract

Sources: Warrant Agreement (Veriteq)

No Fractional Shares or Scrip. No fractional shares Shares or scrip ----------------------------- representing fractional shares Shares shall be issued upon the exercise of this Warrant. In , but in lieu of any such fractional share to which the Holder would otherwise be entitled, Shares the Company shall make a cash payment equal issue an additional share of common stock to the Current Market Price multiplied by Holder or pay the Holder the fair market value of such fraction orfractional share, at as determined in the reasonable discretion of the Board of Directors of the Company's option, round such fractional share to in the nearest whole shareCompany’s sole discretion.

Appears in 1 contract

Sources: Warrant Agreement (Camber Energy, Inc.)

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal pay to the Current Market Price multiplied by such fraction or, at Holder the cash value of the fractional share based upon the current market value of Common Stock as determined in the sole discretion of the Company's option, round such fractional share to the nearest whole share.

Appears in 1 contract

Sources: Loan Agreement (Heatwurx, Inc.)