Elimination of Fractional Interest. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or other Warrant Securities upon the exercise of the Warrant, nor shall it be required to issue script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests may be eliminated, at the Company’s option, by rounding any fraction up to the nearest whole number of Share or other Warrant Securities, properties or rights, or in lieu thereof paying cash equal to such fractional interest multiplied by the current value of the Share or other Warrant Security.
Appears in 9 contracts
Samples: Common Stock Purchase Warrant Agreement (Graymark Healthcare, Inc.), Common Stock Purchase Warrant Agreement (Graymark Healthcare, Inc.), Common Stock Purchase Warrant Agreement (Graymark Healthcare, Inc.)
Elimination of Fractional Interest. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or other Warrant Option Securities upon the exercise of the WarrantOption, nor shall it be required to issue script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests may be eliminated, at the Company’s option, by rounding any fraction up to the nearest whole number of Share or other Warrant Option Securities, properties or rights, or in lieu thereof paying cash equal to such fractional interest multiplied by the current value of the Share or other Warrant Option Security.
Appears in 4 contracts
Samples: Stock Option Agreement (Graymark Healthcare, Inc.), Stock Option Agreement (Graymark Healthcare, Inc.), Stock Option Agreement (Graymark Healthcare, Inc.)
Elimination of Fractional Interest. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or other Warrant Securities upon the exercise of the WarrantWarrants, nor shall it be required to issue script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests may be eliminated, at the Company’s option, by rounding any fraction up to the nearest whole number of Share shares of Common Stock or other Warrant Securitiessecurities, properties or rights, or in lieu thereof paying cash equal to such fractional interest multiplied by the current value of the Share or other Warrant Securityinterest.
Appears in 2 contracts
Samples: ’s Warrant Agreement (Opexa Therapeutics, Inc.), ’s Warrant Agreement (Opexa Therapeutics, Inc.)
