Common use of Fractional Common Shares Clause in Contracts

Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, 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 Conversion Price or round up to the next whole share of Common Stock.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Cure Pharmaceutical Holding Corp.), Hancock Jaffe Laboratories, Inc., Hancock Jaffe Laboratories, Inc.

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Fractional Common Shares. No fractional shares of Common Stock Shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, 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 Conversion Price or round up to the next whole share of Common StockShare.

Appears in 3 contracts

Samples: IIOT-OXYS, Inc., IIOT-OXYS, Inc., Hancock Jaffe Laboratories, Inc.

Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase receive upon such conversion, 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 Conversion Price or round up to the next whole share of Common Stock.

Appears in 1 contract

Samples: Cure Pharmaceutical Holding Corp.

Fractional Common Shares. No fractional shares of Common Stock Shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, 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 Conversion Price or round up to the next whole share of Common StockShare.”

Appears in 1 contract

Samples: Summit Semiconductor Inc.

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Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company Issuer 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 Conversion Price or round up to the next whole share of Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Healthtech Solutions, Inc./Ut)

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