Fractional Warrant Shares. The Company shall not be required to issue fractions of Warrant Shares upon exercise of the Warrant or to distribute certificates which evidence fractional Warrant Shares. If any fraction of a Warrant Share would, except for the provisions of this Section 10, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to the Market Price as of the Exercise Date, multiplied by such fraction.
Appears in 4 contracts
Samples: Warrant Agreement (American Energy Group LTD), Warrant Agreement (American Energy Group LTD), Guaranty Agreement (Bio American Capital Corp)
Fractional Warrant Shares. The Company shall not be required to issue fractions of fractional Warrant Shares upon the exercise of the Warrant or to distribute certificates which evidence fractional Warrant SharesWarrants. If any fraction of a Warrant Share would, except for the provisions of this Section 102.4, be issuable on the upon exercise of any this Warrant (or any specified portion thereof), the Company shall pay to the Registered Holder an amount make a cash payment in cash lieu of issuing such fractional Warrant Share equal to the Fair Market Price as Value of one Warrant Share on the Exercise DateBusiness Day immediately preceding the date on which the Warrant is exercised, multiplied by such fraction, rounded to the nearest whole cent.
Appears in 2 contracts
Samples: Credit Agreement (SMART Global Holdings, Inc.), Warrant Agreement (SMART Global Holdings, Inc.)
Fractional Warrant Shares. The Company shall not be required to issue fractions of Warrant Shares upon exercise of the Warrant or to distribute certificates which evidence fractional Warrant Shares. If any fraction of a Warrant Share would, except for the provisions of this Section 10, be issuable on the exercise of any this Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to the Market Price as of the Exercise Date, multiplied by such fraction.
Appears in 1 contract
Fractional Warrant Shares. The Company shall not be required to issue fractions of Warrant Shares upon exercise of the Warrant or to distribute certificates which evidence fractional Warrant Shares. If any fraction of a Warrant Share would, except for the provisions of this Section 10, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to determined by the Market Price as board of directors of the Exercise Date, Company to be fair and just consideration for a share of Common Stock of the Company multiplied by such fraction.
Appears in 1 contract
Samples: Preferred Stock and Warrant Purchase Agreement (Boots & Coots International Well Control Inc)
Fractional Warrant Shares. The Company shall not be required to issue fractions of fractional Warrant Shares upon on the exercise of the Warrant or to distribute certificates which evidence fractional Warrant SharesWarrants. If any fraction of a Warrant Share would, except for the provisions of this Section 102.5, be issuable on the exercise of any this Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to the Fair Market Price as of Value for one Warrant Share on the Exercise DateTrading Day immediately preceding the date the Warrant is exercised, multiplied by such fraction, rounded to the nearest whole cent.
Appears in 1 contract
Samples: Warrant Agreement (Access Integrated Technologies, Inc. D/B/a Cinedigm Digital Cinema Corp.)
Fractional Warrant Shares. The Company shall not be required to issue fractions of fractional Warrant Shares upon on the exercise of the Warrant or to distribute certificates which evidence fractional Warrant SharesWarrants. If any fraction of a Warrant Share would, except for the provisions of this Section 10paragraph 5.5, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to the Current Market Price as of Value for one Warrant Share on the Exercise Datedate the Warrant is exercised, multiplied by such fraction, computed to the nearest whole cent.
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Fractional Warrant Shares. The Company shall not be required to issue fractions of Warrant Shares upon exercise of the Warrant or to distribute certificates which evidence fractional Warrant Shares. If any fraction of a Warrant Share would, except for the provisions of this Section 10, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay to the Registered Holder an amount in cash equal to the Market Price as of the Exercise DateDate of Exercise, multiplied by such fraction.
Appears in 1 contract
Samples: Warrant Agreement (Boots & Coots International Well Control Inc)
Fractional Warrant Shares. The Company shall not be required to issue fractions of Warrant Shares upon exercise of the this Warrant (or specified portion hereof) or to distribute certificates which evidence fractional Warrant Shares. If any fraction of a Warrant Share would, except for the provisions of this Section 109, be issuable on the exercise of any Warrant (or specified portion thereof)this Warrant, the Company shall pay to the Registered Holder an amount in cash equal to the Market Price of a Warrant Share as of the Exercise DateDate of Exercise, multiplied by such fraction.
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