Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Corporation shall not be required to issue stock certificates representing fractions of shares of Common Stock, 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 shall be eliminated.

Appears in 2 contracts

Samples: Loan Agreement (Ontro Inc), Ontro Inc

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Elimination of Fractional Interests. The Corporation shall not be required to issue stock certificates representing fractions of shares of Common Stock, 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 shall be eliminated.

Appears in 2 contracts

Samples: Warrant And (Ziasun Technologies Inc), Gk Intelligent Systems Inc

Elimination of Fractional Interests. The Corporation company shall not be required to issue stock certificates representing fractions of shares of Common Stockcommon stock, nor shall it be required to issue script scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated.

Appears in 2 contracts

Samples: Common Stock Purchase (Globecomm Systems Inc), Globecomm Systems Inc

Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common StockStock upon the exercise of the Financial Advisor’s Warrant, nor shall it be required to issue script scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminatedeliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Warrant Agreement (Stealth Medialabs Inc)

Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common StockPreferred Stock upon the exercise of the Warrants, 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 shall be eliminated.eliminated by rounding any fraction up to the nearest whole number or shares of Preferred Stock

Appears in 1 contract

Samples: Warrant Agreement (Home Director Inc)

Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common StockStock upon the exercise of the Warrants, 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 shall be eliminatedeliminated by rounding any fraction up to the nearest whole number or shares of Common Stock.

Appears in 1 contract

Samples: Warrant Agreement (Smart Choice Automotive Group Inc)

Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common StockShares, 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 shall be eliminatedeliminated by rounding any fraction up to the nearest whole number of Shares.

Appears in 1 contract

Samples: Warrant Agreement (Smith Midland Corp)

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Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common Stock, nor Stock and shall it not be required to issue script scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminatedeliminated by rounding any fraction up to the nearest whole number of shares of Common Stock. 11.

Appears in 1 contract

Samples: Warrant Agreement (Organik Technologies Inc)

Elimination of Fractional Interests. The Corporation Company shall not be required to issue stock certificates representing fractions of shares of Common StockStock upon the exercise or transfer of the Purchase Option, nor shall it be required to issue script scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminatedeliminated by rounding any fraction up or down to the nearest whole number of shares of Common Stock or other securities, properties or rights.

Appears in 1 contract

Samples: Global Telecommunication Solutions Inc

Elimination of Fractional Interests. The Corporation shall not ----------------------------------- be required to issue stock certificates representing fractions of shares of Common Stock, 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 shall be eliminated.

Appears in 1 contract

Samples: Hydrogiene Corp/Nv

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