Common use of Common Stock Issued Upon Exercise of Warrants Clause in Contracts

Common Stock Issued Upon Exercise of Warrants. All shares of Common Stock (or equivalent equity security) issued upon the exercise of Warrants shall be duly authorized, validly issued and outstanding, fully-paid and nonassessable. Fractional shares of the Company's Common Stock will not be issued upon exercise of a Warrant. With respect to any fraction of a share called for upon any such exercise hereof, the Company shall pay to the holder an amount in cash equal to such fraction multiplied by the Current Market Price Per Share, determined in accordance with Section 3.08.

Appears in 1 contract

Samples: Warrant Agreement (Monterey Homes Corp)

AutoNDA by SimpleDocs

Common Stock Issued Upon Exercise of Warrants. All shares of Common Stock (or equivalent equity security) issued upon the exercise of Warrants shall be duly authorized, validly issued and outstanding, fully-paid and nonassessable. Fractional shares of the Company's Common Stock will not be issued upon exercise of a Warrant. With respect to any fraction of a share called for upon any such exercise hereof, the Company shall pay to the holder an amount in cash equal to such fraction multiplied by the Current Market Price Per Share, determined in accordance with Section 3.083.8.

Appears in 1 contract

Samples: Warrant Agreement (Telscape International Inc)

Common Stock Issued Upon Exercise of Warrants. All shares of Common Stock (or equivalent equity security) issued upon the exercise of Warrants shall be duly authorized, validly issued and outstanding, fully-paid and nonassessable. Fractional shares of the Company's Common Stock will not be issued upon exercise of a Warrant. With respect to any fraction of a share called for upon any such exercise hereof, the Company shall pay to the holder an amount in cash equal to such fraction multiplied by the "Current Market Price Per Share, ," which on any date shall be determined in accordance with Section 3.08.as follows: 2 Exhibit 4.3

Appears in 1 contract

Samples: Warrant Agreement (Soy Environmental Products Inc)

AutoNDA by SimpleDocs

Common Stock Issued Upon Exercise of Warrants. All shares of Common Stock (or equivalent equity security) issued upon the exercise of Warrants shall be duly authorized, validly issued and outstanding, fully-paid and nonassessable. Fractional shares of the Company's Common Stock will not be issued upon exercise of a Warrant. With respect to any fraction of a share called for upon any such exercise hereof, the Company shall pay to the holder an amount in cash equal to such fraction multiplied by the "Current Market Price Per Share, ," which on any date shall be determined in accordance with Section 3.08.as follows:

Appears in 1 contract

Samples: Note Agreement (Soy Environmental Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.