Fractional Securities. If the number of shares of Common Stock and other securities purchasable upon the exercise of each Class A Warrant is adjusted as above provided, the Company, nevertheless, shall not be required to issue fractions of shares or Class B Warrants pertaining to fractional shares upon exercise of the Class A Warrants or otherwise, or to distribute certificates that evidence fractional shares or the right to purchase fractional shares. With respect to any fraction of a share or Class B Warrant that would relate to a fraction of a share called for upon any exercise hereof, the Company shall pay to the Registered Holder an amount in cash equal to such fraction multiplied by the current market value of such fractional share or Class B Warrants relating to fractional shares, determined as follows:
Appears in 4 contracts
Samples: Warrant Agreement (Twin Lakes Inc), Warrant Agreement (Crest View Inc), Warrant Agreement (Twin Lakes Inc)
