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 any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of Common Stock computed as of the trading day immediately preceding the date the Warrant is presented for exercise, multiplied by such fraction of a Share.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Proxim Corp), Preferred Stock and Warrant Purchase Agreement (Avaya Inc), Securities Purchase Agreement (Proxim Corp)

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No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of on the last trading day immediately preceding the date of exercise less the Warrant is presented Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 4 contracts

Samples: Registration Rights Agreement (Occidental Petroleum Corp /De/), Securities Purchase Agreement (Bank of America Corp /De/), Investment Agreement (DBD Cayman, Ltd.)

No Fractional Shares or Scrip. No fractional Warrant Shares or scrip representing fractional Warrant Shares shall be issued upon any exercise of this WarrantWarrants. In lieu of any fractional Share to which the Warrantholder Warrant Shares that would otherwise be entitledissued to a Holder upon exercise of any Warrants, the Warrantholder such Holder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of on the trading day immediately preceding the date the on which such Warrants are exercised representing such fractional Warrant is presented for exercise, multiplied by such fraction of a Share.

Appears in 4 contracts

Samples: Warrant Agreement, Warrant Agreement (Kinder Morgan, Inc.), Warrant Agreement (Kinder Morgan, Inc.)

No Fractional Shares or Scrip. No fractional Shares shares or scrip representing fractional Shares shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of less the trading day immediately preceding the date the Warrant is presented pro-rated Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 4 contracts

Samples: Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/)

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the applicable fraction of the Market Price per share of the Common Stock computed as of on the last trading day immediately preceding the date of exercise less the Warrant is presented for exercise, multiplied by such applicable fraction of a Sharethe Exercise Price for such fractional share.

Appears in 4 contracts

Samples: Exchange Agreement, Exchange Agreement (Citigroup Inc), Exchange Agreement (Citigroup Inc)

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of less the trading day immediately preceding the date the Warrant is presented Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 4 contracts

Samples: Investment Agreement (Mbia Inc), Investment Agreement (Mbia Inc), Investment Agreement (Gottschalks Inc)

No Fractional Shares or Scrip. No fractional Shares shares or scrip representing fractional Shares shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment in an amount equal to such fraction multiplied by the Market Price per share of the Common Stock computed as of the trading day immediately preceding on the date the Warrant is presented for of exercise, multiplied by such fraction of a Share.

Appears in 3 contracts

Samples: Investment Agreement (Third Coast Bancshares, Inc.), Warrant Agreement (Third Coast Bancshares, Inc.), Warrant Agreement (Third Coast Bancshares, Inc.)

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of on the trading day immediately last Trading Day preceding the date of exercise less the Warrant is presented pro-rated Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc)

No Fractional Shares or Scrip. No fractional Warrant Shares or scrip representing fractional Warrant Shares shall be issued upon any exercise of this WarrantWarrants. In lieu of any fractional Share to which the Warrantholder Warrant Shares that would otherwise be entitledissued to a Holder upon exercise of any Warrants, the Warrantholder such Holder shall be entitled to receive a cash payment equal to the product of the Market Price per share of the Common Stock computed as of on the trading day immediately preceding on which such Warrants are exercised and the date the Warrant is presented for exercise, multiplied by such fraction of a ShareWarrant Share to which such Holder would otherwise be entitled.

Appears in 2 contracts

Samples: Registration Rights Agreement (Knight Capital Group, Inc.), Voting and Support Agreement (GETCO Holding Company, LLC)

No Fractional Shares or Scrip. No fractional Warrant Shares or scrip representing fractional Warrant Shares shall be issued upon any the exercise of this Warrant. In lieu of any fractional Share Warrant Shares to which the Warrantholder Holder would otherwise be entitled, the Warrantholder shall be entitled Company shall, in its sole discretion, elect either to receive a (i) pay the Holder the cash payment equal value of such fractional Warrant Share, calculated on the basis of the Exercise Price, or (ii) round to the Market Price per share nearest whole number of Common Stock computed as of the trading day immediately preceding the date the Warrant is presented for exercise, multiplied by such fraction of a ShareShares.

Appears in 2 contracts

Samples: MAIA Biotechnology, Inc., MAIA Biotechnology, Inc.

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of the trading day immediately preceding on the date the Warrant is presented for exercise, of exercise multiplied by such fraction of a Sharefraction, rounded to the nearest whole cent.

Appears in 2 contracts

Samples: Investment Agreement (NewStar Financial, Inc.), Investment Agreement (NewStar Financial, Inc.)

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No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of Common Stock computed as of the Common Shares on the last trading day immediately preceding the date of exercise less the Warrant is presented pro-rated Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 1 contract

Samples: Purchase (Bank of N.T. Butterfield & Son LTD)

No Fractional Shares or Scrip. (a) No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this WarrantWarrants. In lieu of any fractional Share to which the Warrantholder Shares that would otherwise be entitledissued to a Holder or beneficial holder of Book-Entry Only Warrants upon exercise of any Warrants, the Warrantholder such Person shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock computed as of on the trading day immediately preceding the date the Warrant is presented for exercise, multiplied by on which such fraction of a Warrants are exercised representing such fractional Share.

Appears in 1 contract

Samples: Warrant Agreement (Coeur D Alene Mines Corp)

No Fractional Shares or Scrip. No fractional Warrant Shares or scrip representing fractional Warrant Shares shall be issued upon any exercise of this WarrantWarrants. In lieu of any fractional Share to which the Warrantholder Warrant Shares that would otherwise be entitledissued to a Holder upon exercise of any Warrants, the Warrantholder such Holder shall be entitled to receive a cash payment equal to the product of the Market Price per share of the Common Stock computed as of on the trading day immediately preceding on which such Warrants are exercised and the date the Warrant is presented for exercise, multiplied by such fraction of a ShareWarrant Share to which such Holder would otherwise be entitled, as determined solely by the Company.

Appears in 1 contract

Samples: Warrant Agreement (KCG Holdings, Inc.)

No Fractional Shares or Scrip. No fractional Shares shares or scrip representing fractional Shares shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Common Stock on the date of exercise less the Exercise Price for the shares of Common Stock computed as of the trading day immediately preceding the date the Warrant is presented for exercise, multiplied by into which such fraction of a Sharefractional share could be converted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Intermountain Community Bancorp)

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares or Series A Preferred Stock shall be issued upon any exercise of this Warrant. In lieu of any fractional Share or Series A Preferred Stock to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share on the date of exercise of the Common Stock computed as of or Series A Preferred Stock less the trading day immediately preceding the date the Warrant is presented Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 1 contract

Samples: Funding Agreement (Hilltop Holdings Inc.)

No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this WarrantWarrants. In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Market Price per share of the Class A Common Stock computed as of on the last trading day immediately preceding the date of exercise less the Warrant is presented Exercise Price for exercise, multiplied by such fraction of a Sharefractional share.

Appears in 1 contract

Samples: Form of Preemptive Rights Warrant Agreement (New York Times Co)

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