Common use of Fractional Shares; Interest; Effect of Conversion Clause in Contracts

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 13 contracts

Samples: Registration Rights Agreement (MobileSmith, Inc.), Registration Rights Agreement (MobileSmith, Inc.), Registration Rights Agreement (MobileSmith, Inc.)

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Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal round up any fractional share of Common Stock which would otherwise be due to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentenceInvestor upon conversion hereof. Upon conversion of this Note in full and the payment of any the amounts specified in this Section 6(c)paragraph, the Company shall be forever released from all its obligations Obligations and liabilities under this NoteNote and this Note shall be deemed of no further force or effect, whether or not the original of this Note has been delivered to the Company for cancellation.

Appears in 10 contracts

Samples: Monaker Group, Inc., Monaker Group, Inc., Monaker Group, Inc.

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c2(c), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 6 contracts

Samples: Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Convertible Promissory Note Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor Holder upon the conversion of this Note, the Company shall pay to Investor Holder an amount equal to the product obtained by multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c6(d), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 5 contracts

Samples: www.sec.gov, Ritter Pharmaceuticals Inc, Ritter Pharmaceuticals Inc

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 4 contracts

Samples: Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu Note or in payment of any interest due hereunder and the Company issuing any fractional number of shares to Investor be issued upon the conversion of this NoteNote or in payment of any interest due hereunder, the Company shall pay to Investor an amount equal be rounded up to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentencenearest whole share. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c6(b), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 2 contracts

Samples: Bayhill Capital Corp, Bayhill Capital Corp

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c)6, the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 2 contracts

Samples: The Note Purchase Agreement (Homeunion Holdings, Inc.), Homeunion Holdings, Inc.

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to the Investor upon the conversion of this Note, the Company shall pay to the Investor an amount equal to the product obtained by multiplying the Conversion Price Per Share by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c2(d), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Note Purchase Agreement (PogoTec, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by ​ ​ multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c)4.5, the Company shall be forever released from all of its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Intercreditor Agreement (Anzu Special Acquisition Corp I)

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Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c)4.5, the Company shall be forever released from all of its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Intercreditor Agreement (Anzu Special Acquisition Corp I)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion Price conversion price by the fraction of a share not issued pursuant to the previous sentence. In addition, the Company shall pay to Investor any interest accrued on the amount to be paid to the Company pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c6(a), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Securities Purchase Agreement (South American Properties, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor Holder upon the conversion of this Note, the Company shall pay to Investor Holder an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any the amounts specified in this Section 6(c)8, the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Note Purchase and Line of Credit Agreement (Sunpower Corp)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Conversion theConversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any amounts specified in this Section 6(c), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.)

Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor Holder upon the conversion of this Note, the Company shall pay to Investor Holder an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of any the amounts specified in this Section 6(c8(d), the Company shall be forever released from all its obligations and liabilities under this Note.

Appears in 1 contract

Samples: Ista Pharmaceuticals Inc

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