Common use of and Section 7 Clause in Contracts

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder.

Appears in 200 contracts

Samples: Warrant Agreement (Four Leaf Acquisition Corp), Warrant Agreement (Four Leaf Acquisition Corp), Warrant Agreement (Monterey Capital Acquisition Corp)

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and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, ,” the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder.

Appears in 73 contracts

Samples: Warrant Agreement (Hennessy Capital Investment Corp. VI), Warrant Agreement (Hennessy Capital Investment Corp. VI), Warrant Agreement (Pono Capital Corp)

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stockan Ordinary Share, the Company shall round down to the nearest whole number, the number of shares of Common Stock Ordinary Shares to be issued to such holder.

Appears in 17 contracts

Samples: Warrant Agreement (Hainan Manaslu Acquisition Corp.), Warrant Agreement (Hainan Manaslu Acquisition Corp.), Warrant Agreement (ClimateRock)

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, ,” the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stockan Ordinary Share, the Company shall round down to the nearest whole number, the number of shares of Common Stock Ordinary Shares to be issued to such holder.

Appears in 15 contracts

Samples: Warrant Agreement (Cellebrite DI Ltd.), Warrant Agreement (Yunhong International), Warrant Agreement (Yunhong International)

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, number the number of shares of Common Stock to be issued to such holder.

Appears in 5 contracts

Samples: Warrant Agreement (Osiris Acquisition Corp.), Warrant Agreement (Osiris Acquisition Corp.), Warrant Agreement (Monument Circle Acquisition Corp.)

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, ,” the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Class A Common Stock, the Company shall round down to the nearest whole number, the number of shares of Class A Common Stock to be issued to such holder.

Appears in 4 contracts

Samples: Private Placement Warrants Purchase Agreement (Colombier Acquisition Corp.), Warrant Agreement (Colombier Acquisition Corp.), Warrant Agreement (Colombier Acquisition Corp.)

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and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down down, to the nearest whole number, the number of shares of Common Stock to be issued to such holder.

Appears in 3 contracts

Samples: Warrant Agreement (Relativity Acquisition Corp), Warrant Agreement (Relativity Acquisition Corp), Warrant Agreement (Relativity Acquisition Corp)

and Section 7. 44.2. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder.

Appears in 2 contracts

Samples: Warrant Agreement (Crixus BH3 Acquisition Co), Warrant Agreement (Crixus BH3 Acquisition Corp.)

and Section 7. 4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder. For the avoidance of doubt, in no event or circumstance whatsoever shall the Company be required to net cash settle the Warrant exercise.

Appears in 1 contract

Samples: Warrant Agreement (Millstreet Capital Acquisition Corp.)

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