Fractional Share. No fractional share shall be issuable upon exercise or conversion of this Warrant and the number of shares to be issued shall be rounded down to the nearest whole share. If the exercise or conversion of this Warrant shall result in the issuance of any fractional share, the Company shall eliminate such fractional share by paying the Holder an amount computed by multiplying such fraction by the fair market value of a full share.
Appears in 2 contracts
Samples: Purchase Agreement, Company Security And (Distributed Energy Systems Corp), Securities Purchase Agreement (Distributed Energy Systems Corp)
Fractional Share. No fractional share shall be issuable upon exercise or conversion of this Warrant Note and the number of shares to be issued shall be rounded down to the nearest whole share. If the exercise or conversion of this Warrant Note shall result in the issuance of any fractional share, the Company shall eliminate such fractional share by paying the Holder an amount computed by multiplying such fraction by the fair market value of a full share.
Appears in 1 contract
Samples: Securities Purchase Agreement (Distributed Energy Systems Corp)
Fractional Share. No fractional share Share shall be issuable upon exercise or conversion of this Warrant and the number of shares Shares to be issued shall be rounded down up to the nearest whole shareShare. If a fractional Share interest arises upon any exercise of the exercise or conversion of this Warrant shall result in the issuance of any fractional shareWarrant, the Company shall eliminate such fractional share Share interest by paying Holder in cash the Holder an amount computed by multiplying such fraction the fractional interest by (i) the fair market value (as determined in accordance with Section 1.3 above) of a full share.Share, less (ii) the then-effective Warrant Price. Beamr β SVB Warrant
Appears in 1 contract
Samples: Beamr Imaging Ltd.
