Common use of Minimum Denominations; No Fractional Shares Clause in Contracts

Minimum Denominations; No Fractional Shares. All allocations (including each Eligible Holder’s Creditor Equity Rights Offering Securities) will be calculated and rounded down to the nearest whole share.

Appears in 2 contracts

Samples: Investment Agreement (Seadrill LTD), Investment Agreement (North Atlantic Drilling Ltd.)

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Minimum Denominations; No Fractional Shares. All allocations (including each Eligible Holder’s Creditor Equity Debt Rights Offering Securities) will be calculated and rounded down to the nearest whole shareshare or minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof, as applicable.

Appears in 2 contracts

Samples: Investment Agreement (North Atlantic Drilling Ltd.), Investment Agreement (Seadrill LTD)

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