Fractional Interests; Current Market Price. The Company shall not be required to issue fractional Shares on the exercise of the Warrants. If any fraction of a Share would, except for the provisions of this Section 9, be issuable on the exercise of the Warrants (or specified portion thereof), the Company shall pay an amount in cash equal to the then Current Market Price per share of Common Stock multiplied by such fraction.
Appears in 8 contracts
Samples: Warrant Agreement (Hawker Pacific Aerospace), Warrant Agreement (Trident Rowan Group Inc), Warrant Agreement (Creative Master International Inc)
Fractional Interests; Current Market Price. The Company shall not be required to issue fractional Shares on the exercise of any of the Warrants. If any fraction of a Warrant Share would, except for the provisions of this Section 910, be issuable on the exercise of the Warrants (or any specified portion thereofthereof being exercised), the Company shall pay to the Warrantholder, in lieu of the issuance of such fractional Warrant Share, an amount in cash equal to the then Current Market Price per share of Common Stock multiplied by such fraction.
Appears in 3 contracts
Samples: Underwriters’ Warrant Agreement (Us Dry Cleaning Corp), Underwriters’ Warrant Agreement (Us Dry Cleaning Corp), Underwriters’ Warrant Agreement (Us Dry Cleaning Corp)
