No Fractional Shares and Certificates. No fractional shares shall be issued upon conversion of this Note and the number of shares of Equity Securities to be issued shall be rounded down to the nearest whole share and the Holder shall be entitled to receive in cash an amount equal to the conversion price then in effect multiplied by the fractional share.
Appears in 2 contracts
Samples: Assignment Agreement (Dyax Corp), Security Agreement (Dyax Corp)
No Fractional Shares and Certificates. No fractional shares shall be issued upon conversion of this Note and the number of shares of Equity Securities Common Stock to be issued shall be rounded down to the nearest whole share and the Parent shall pay to the Holder shall be entitled to receive in cash an amount equal to the conversion price Conversion Price then in effect multiplied by the fractional share.
Appears in 1 contract
Samples: Nytest Environmental Inc
No Fractional Shares and Certificates. No fractional shares shall be issued upon conversion of this Note and the number of shares of Equity Securities Common Stock to be issued shall be rounded down to the nearest whole share and the Company shall pay to the Holder shall be entitled to receive in cash an amount equal to the conversion price Conversion Price then in effect multiplied by the fractional share.
Appears in 1 contract
Samples: Stock Purchase Agreement (Charles River Laboratories International Inc)
