Common use of Fractional Shares of Common Shares Clause in Contracts

Fractional Shares of Common Shares. (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded up). (b) The Company shall not issue fractions of Common Shares upon exercise of Warrants or distribute stock certificates which evidence fractional Common Shares. Whenever any fraction of a Common Share would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

Appears in 8 contracts

Samples: Warrant Agency Agreement (C3is Inc.), Warrant Agency Agreement (C3is Inc.), Warrant Agency Agreement (C3is Inc.)

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Fractional Shares of Common Shares. (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded updown). (b) The Company shall not issue fractions of Common Shares upon exercise of Warrants or distribute stock certificates which evidence fractional Common Shares. Whenever any fraction of a Common Share would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

Appears in 2 contracts

Samples: Warrant Agency Agreement (Castor Maritime Inc.), Warrant Agency Agreement (Castor Maritime Inc.)

Fractional Shares of Common Shares. (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded up). (b) The Company shall not issue fractions of shares of Common Shares upon exercise of Warrants or distribute stock certificates which evidence fractional shares of Common Shares. Whenever any fraction of a share of Common Share Shares would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

Appears in 1 contract

Samples: Warrant Agency Agreement (GREENPOWER MOTOR Co INC.)

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Fractional Shares of Common Shares. (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded updown). (b) The Company shall not issue fractions of shares of Common Shares upon exercise of Warrants or distribute stock certificates which evidence fractional shares of Common Shares. Whenever any fraction of a share of Common Share Shares would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

Appears in 1 contract

Samples: Warrant Agency Agreement (Elite Education Group International LTD)

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