Common use of Fractional Warrants and Fractional Shares Clause in Contracts

Fractional Warrants and Fractional Shares. The Company shall not be required to exchange or transfer Warrants for fractions of Warrants. The Company will not be required to issue any fractional Warrants representing fractional shares of Common Stock or other distributed securities upon exercise of the Warrants or distribute stock certificates or other instruments that evidence fractional shares of Common Stock or other distributed securities and the Company will not pay any cash adjustment in respect of any fractional shares of Common Stock or other distributed securities otherwise issuable upon the exercise of any Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (Thirty Five East Investments LLC), Warrant Agreement (Aames Financial Corp/De)

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Fractional Warrants and Fractional Shares. The Company shall not be required to exchange or transfer Warrants for fractions of Warrants. The Company will not be required to issue any fractional Warrants representing fractional shares of Common Stock or other distributed securities upon exercise of the Warrants or distribute stock certificates or other instruments that evidence fractional shares of Common Stock or other distributed securities and the Company will not pay any cash adjustment in respect of any fractional shares of Common Stock or other distributed securities otherwise issuable upon the exercise of any Warrant.or

Appears in 1 contract

Samples: Warrant Agreement (Aames Financial Corp/De)

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