Common use of No Fractional Purchaser Shares Clause in Contracts

No Fractional Purchaser Shares. No fractional Purchaser Shares will be issued to any Person in connection with this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to this Arrangement would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder shall be rounded down to the closest whole number and no compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Share.

Appears in 7 contracts

Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp)

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No Fractional Purchaser Shares. No In no event shall any fractional Purchaser Shares will be issued to any Person in connection with under this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to any Person as consideration under this Plan of Arrangement would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder shall Person shall, without additional compensation, be rounded down to the closest nearest whole number and no compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Share.

Appears in 5 contracts

Samples: Second Amending Agreement (IM Cannabis Corp.), Amending Agreement (IM Cannabis Corp.), Second Amending Agreement

No Fractional Purchaser Shares. No In no event shall any fractional Purchaser Shares will be issued to any Person in connection with under this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to this Arrangement as Consideration would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder shall be rounded down to the closest whole number and no without any additional compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Shareor cost.

Appears in 2 contracts

Samples: Arrangement Agreement (HEXO Corp.), Arrangement Agreement (HEXO Corp.)

No Fractional Purchaser Shares. No In no event shall any fractional Purchaser Shares will be issued to any Person in connection with under this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to as consideration under this Plan of Arrangement would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder shall be rounded down to the closest whole number and no compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Share.

Appears in 2 contracts

Samples: |Amending Agreement, Arrangement Agreement

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No Fractional Purchaser Shares. No In no event shall any fractional Purchaser Shares will be issued to any Person in connection with under this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to any Person as Consideration under this Plan of Arrangement would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder shall Person shall, without additional compensation, be rounded down to the closest nearest whole number and no compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Share.

Appears in 1 contract

Samples: Arrangement Agreement

No Fractional Purchaser Shares. No In no event shall any fractional Purchaser Shares will be issued to any Person in connection with under this Plan of Arrangement. Where the aggregate number of Purchaser Shares to be issued to a Company Shareholder pursuant to Common Shareholder, Company Debentureholder, Company Warrantholder and holder of Company $0.50 Options as consideration under this Plan of Arrangement would otherwise result in a fraction of a Purchaser Share being issuable, then the aggregate number of Purchaser Shares to be issued to such Company Shareholder Common Shareholder, Company Debentureholder, Company Warrantholder or holder of Company $0.50 Options shall be rounded down to the closest whole number and no compensation shall be payable to such Company Shareholder in lieu of any such fractional Purchaser Sharenumber.

Appears in 1 contract

Samples: Arrangement Agreement

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