Common use of No Fractional Warrants or Shares Clause in Contracts

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Warrants, upon the reissue of Class C Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C Warrant. If the total Class C Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 2 contracts

Samples: Warrant Agreement (Healthy Fast Food Inc), Warrant Agreement (Healthy Fast Food Inc)

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No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Warrants, upon the reissue of Class C Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall the Company shall, in its sole discretion, round up or down to the nearest full Share issuable upon exercise of the Class C Warrant. If the total Class C Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full shareshare as dictated and allowed by law including State statutes of reorganization.

Appears in 2 contracts

Samples: Warrant Agreement (Eastside Distilling, Inc.), Warrant Agreement (Eastside Distilling, Inc.)

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C A Warrants, upon the reissue of Class C A Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C A Warrant. If the total Class C A Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 1 contract

Samples: Warrant Agreement (Vanguard Energy Corp)

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Warrants, upon the reissue of Class C Warrants, or any adjustments as described in Section 12 13 or otherwise; but the Company in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C Warrant. If the total Class C Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 1 contract

Samples: Warrant Agreement (Healthy Fast Food Inc)

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Warrants, upon the reissue of Class C Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall the Company shall, in its sole discretion, round up or down to the nearest full Share issuable upon exercise of the Class C Warrant. If the total Class C Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 1 contract

Samples: Warrant Agreement (Eastside Distilling, Inc.)

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No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Warrants, upon the reissue of Class C Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C Warrant. If the total Class C Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 1 contract

Samples: Warrant Agent Agreement (Cel Sci Corp)

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Unit Warrants, upon the reissue of Class C Unit Warrants, or any adjustments as described in Section 12 14 or otherwise; but . Rather, the Company Company, in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C Unit Warrant. If the total Class C Unit Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full shareShare.

Appears in 1 contract

Samples: Warrant Agreement (Planet Beach Franchising Corp)

No Fractional Warrants or Shares. The Company shall not be required to issue fractions of Shares issuable upon exercise of the Class C Series A Warrants, upon the reissue of Class C Series A Warrants, or any adjustments as described in Section 12 or otherwise; but the Company in lieu of issuing any such fractional interest, shall round up or down to the nearest full Share issuable upon exercise of the Class C Series A Warrant. If the total Class C Series A Warrants surrendered by exercise would result in the issuance of a fractional share, the Company shall not be required to issue a fractional share but rather the aggregate number of shares issuable will be rounded up or down to the nearest full share.

Appears in 1 contract

Samples: Warrant Agent Agreement (Rockdale Resources Corp)

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