Common use of Fractional American Spectrum Common Shares Clause in Contracts

Fractional American Spectrum Common Shares. No certificates representing fractional American Spectrum Common Shares shall be issued. Each Limited Partner who would otherwise be entitled to a fractional American Spectrum Common Shares will receive one American Spectrum Common Share for each fractional interest representing 50% or more of one American Spectrum Common Share. No American Spectrum Common Shares will be issued for a fractional interest representing less than 50% of an American Spectrum Common Share.

Appears in 8 contracts

Samples: Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc)

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