Common use of No Fractional Shares and Certificate as to Adjustments Clause in Contracts

No Fractional Shares and Certificate as to Adjustments. No fractional Common Shares shall be issued upon the conversion of any Class A Convertible Securities and the number of Common Shares to be issued shall be rounded down to the nearest whole Common Share. Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Securities the Class A Convertible Securities Holder is at the time converting into Common Shares and the number of Common Shares issuable upon such aggregate conversion.

Appears in 3 contracts

Samples: Share Exchange Agreement (Mystic Holdings Inc./Nv), Share Exchange Agreement, Securities Exchange Agreement

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No Fractional Shares and Certificate as to Adjustments. No fractional Common Shares shall be issued upon the conversion of any Class A Convertible Securities Common Shares and the number of Common Shares to be issued shall be rounded down up to the nearest whole Common Share. Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Securities Common Shares the Class A Convertible Securities Holder Shareholder is at the time converting into Common Shares and the number of Common Shares issuable upon such aggregate conversion.

Appears in 2 contracts

Samples: Business Combination Agreement (TILT Holdings Inc.), Business Combination Agreement (TILT Holdings Inc.)

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No Fractional Shares and Certificate as to Adjustments. No fractional Common Shares shall be issued upon the conversion of any Class share or shares of Series A Convertible Securities Preferred Shares and the number of Common Shares to be issued shall be rounded down up to the nearest whole Common Share. Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of Class shares of Series A Convertible Securities Preferred Shares the Class A Convertible Securities Preferred Holder is at the time converting into Common Shares and the number of Common Shares issuable upon such aggregate conversion.

Appears in 1 contract

Samples: Share Exchange Agreement

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