Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Warrant Shares, but will make a payment in cash based on the Exercise Price in effect at that time.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Decorize Inc), Securities Purchase Agreement (Decorize Inc)
Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Warrant Sharesshares of Common Stock upon the exercise of the Agent Warrants, but will make a payment instead shall pay cash in cash lieu of such fractional interests to the Agent based on the Exercise Price in effect at that timePrice.
Appears in 2 contracts
Samples: Placement Agent Warrant Agreement (American Bio Medica Corp), Warrant Agreement (American Bio Medica Corp)
Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Warrant Sharesshares of Common Stock, but will make a payment in cash based on the Exercise Price in effect at that time.
Appears in 1 contract
Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Warrant Shares, Shares but will make a payment in cash based on the Exercise Price in effect at that time.
Appears in 1 contract
