Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share of Common Stock.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Cure Pharmaceutical Holding Corp.), Convertible Security Agreement (Hancock Jaffe Laboratories, Inc.), Convertible Security Agreement (Hancock Jaffe Laboratories, Inc.)
Fractional Common Shares. No fractional shares of Common Stock Shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share of Common StockShare.
Appears in 3 contracts
Samples: Convertible Security Agreement (IIOT-OXYS, Inc.), Convertible Security Agreement (IIOT-OXYS, Inc.), Convertible Security Agreement (Hancock Jaffe Laboratories, Inc.)
Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company Issuer shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share of Common Stock.
Appears in 1 contract
Fractional Common Shares. No fractional shares of Common Stock shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase receive upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share of Common Stock.
Appears in 1 contract
Samples: Convertible Security Agreement (Cure Pharmaceutical Holding Corp.)
Fractional Common Shares. No fractional shares of Common Stock Shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share of Common StockShare.β
Appears in 1 contract
Samples: Senior Secured Promissory Note (Summit Semiconductor Inc.)
