Common use of Fractional Rights Clause in Contracts

Fractional Rights. The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p) (Adjustment of Purchase Price;

Appears in 3 contracts

Samples: Rights Agreement (Akers Biosciences, Inc.), Rights Agreement (Vaalco Energy Inc /De/), Rights Agreement (Toreador Resources Corp)

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Fractional Rights. The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p11. (p) (Adjustment of Purchase Price;

Appears in 2 contracts

Samples: Rights Agreement (Polymedix Inc), Rights Agreement (Polymedix Inc)

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Fractional Rights. The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p) (Adjustment of Purchase Price;; Number and Kind of Shares or Number of Rights -- Common Stock Adjustments), or to distribute Rights Certificates which evidence fractional Rights. In lieu of such fractional Rights, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to

Appears in 1 contract

Samples: Rights Agreement (Comstock Resources Inc)

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