Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any

Appears in 2 contracts

Samples: Warrant Agreement (Skymall Inc), Warrant Agreement (Chart Industries Inc)

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Elimination of Fractional Interests. The Company company shall not be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the Warrantscommon stock, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyeliminated.

Appears in 2 contracts

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

Elimination of Fractional Interests. The Company shall not be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the WarrantsStock, nor shall it be required to issue scrip script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyeliminated.

Appears in 2 contracts

Samples: Loan Agreement (Gender Sciences Inc), Loan Agreement (Gender Sciences Inc)

Elimination of Fractional Interests. The Company Corporation shall not be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the WarrantsStock, nor shall it be required to issue scrip script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyeliminated.

Appears in 2 contracts

Samples: Loan Agreement (Ontro Inc), Ontro Inc

Elimination of Fractional Interests. The Company Corporation shall not be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the WarrantsStock, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyeliminated.

Appears in 2 contracts

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

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Preferred Stock upon the exercise of the Warrants, nor shall it be required to issue scrip script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyany 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 Company Corporation shall not ----------------------------------- be required to issue stock certificates representing fractions of shares of Common Stock upon the exercise of the WarrantsStock, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyeliminated.

Appears in 1 contract

Samples: Hydrogiene Corp/Nv

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Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the WarrantsShares, nor shall it be required to issue scrip script or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding anyany fraction up to the nearest whole number of Shares.

Appears in 1 contract

Samples: Warrant Agreement (Smith Midland Corp)

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

Appears in 1 contract

Samples: Warrant Agreement (Smart Choice Automotive Group Inc)

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