Common use of Fractional Share Payment Clause in Contracts

Fractional Share Payment. No fractional shares or script representing fractional shares shall be issued upon the exercise of this Warrant and if the exercise of this Warrant results in a fraction, in lieu of any such fractional share the Company shall pay cash equal to such fraction multiplied by the then effective Purchase Price.

Appears in 4 contracts

Samples: Warrant Agreement (Integrated Business Systems & Services Inc), Common Stock Purchase Warrant (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc)

AutoNDA by SimpleDocs

Fractional Share Payment. No fractional shares or script representing ------------------------ fractional shares shall be issued upon the exercise of this Warrant and if the exercise of this Warrant results in a fraction, in lieu of any such fractional share the Company shall pay cash equal to such fraction multiplied by the then effective Purchase Price.

Appears in 3 contracts

Samples: Warrant Agreement (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!