Common use of No Fractional Warrant Shares or Scrip Clause in Contracts

No Fractional Warrant Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS 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 ADS.

Appears in 19 contracts

Samples: Stock Purchase Agreement (Kitov Pharma Ltd.), Safe-T Group Ltd., Safe-T Group Ltd.

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No Fractional Warrant Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS 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 shall be entitled to round down such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS.

Appears in 1 contract

Samples: Securities Purchase Agreement (Medigus Ltd.)

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