Common use of No Fractional Shares of Parent Common Stock Clause in Contracts

No Fractional Shares of Parent Common Stock. No certificates or scrip or shares representing fractional shares of Parent Common Stock shall be issued upon the exchange of Eligible Shares and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Parent or a holder of shares of Parent Common Stock. Notwithstanding any other provision of this Agreement, each holder of Eligible Shares exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock (after taking into account all Certificates and Book-Entry Shares held by such holder) shall receive, in lieu thereof, cash (without interest) in an amount equal to the product of (i) such fractional part of a share of Parent Common Stock multiplied by (ii)

Appears in 4 contracts

Samples: Merger Agreement (GRIID Infrastructure Inc.), Merger Agreement (GRIID Infrastructure Inc.), Merger Agreement (Cleanspark, Inc.)

AutoNDA by SimpleDocs

No Fractional Shares of Parent Common Stock. No certificates or scrip or shares representing fractional shares of Parent Common Stock shall be issued upon the exchange delivery of Eligible Shares a completed and duly executed Letter of Transmittal and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Parent or a holder of shares of Parent Common Stock. Notwithstanding any other provision of this Agreement, each holder of Eligible Shares exchanged pursuant to the Merger who if any Stockholder would otherwise have been be entitled to receive a fraction of a share of Parent Common Stock (after taking into account aggregating all Certificates and Book-Entry Shares held by fractional shares of Parent Common Stock issuable to such holder) ), such Stockholder shall receive, in lieu thereofof such fraction of a share, a cash (payment, without interest) , in an amount equal to the product of (i) such fractional part of a share of Parent Common Stock multiplied by (ii)) $29.98.

Appears in 1 contract

Samples: Merger Agreement (C&J Energy Services, Inc.)

No Fractional Shares of Parent Common Stock. (a) No certificates or scrip or shares of Parent Common Stock or book-entry credit therefor representing fractional shares of Parent Common Stock shall be issued upon the surrender for exchange of Eligible Shares Certificates and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Parent or a holder of shares of Parent Common Stock. . (b) Notwithstanding any other provision of this Agreement, each holder of Eligible Shares shares of Company Common Stock exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock (after taking into account all Certificates and Book-Entry Shares held delivered by such holder) shall receive, in lieu thereof, cash (without interest) in an amount equal to the product of (i) such fractional part of a share of Parent Common Stock multiplied by (ii)

Appears in 1 contract

Samples: Merger Agreement (Highbury Financial Inc)

No Fractional Shares of Parent Common Stock. (a) No certificates or scrip or shares representing fractional shares of Parent Common Stock shall be issued upon the surrender for exchange of Eligible Shares and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder shareholder of Parent or a holder of shares of Parent Common Stock. . (b) Notwithstanding any other provision of this Agreement, each holder of Eligible Shares exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock (after taking into account all Certificates and Book-Entry Shares held by such holder) shall receivereceive from Parent, in lieu thereof, cash (without interest) in an amount equal to the product of (ix) such fractional part of a share of Parent Common Stock multiplied by (ii)y) the Parent Common Stock Market Value.

Appears in 1 contract

Samples: Merger Agreement (FCStone Group, Inc.)

AutoNDA by SimpleDocs

No Fractional Shares of Parent Common Stock. (a) No certificates or scrip or shares representing fractional shares of Parent Common Stock or book-entry credit of the same shall be issued upon the surrender for exchange of Eligible Shares Certificates and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Parent or a holder of shares of Parent Common Stock. . (b) Notwithstanding any other provision of this AgreementAgreement to the contrary, each holder of Eligible Shares shares of Company Capital Stock exchanged pursuant to in connection with the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock (after taking into account all Certificates and Book-Entry Shares held delivered by such holder) pursuant to Section 2.1(b) shall receive, in lieu thereof, cash (without interest) in an amount equal to the product of (i) such fractional part of a share of Parent Common Stock multiplied by (ii)

Appears in 1 contract

Samples: Merger Agreement (Pixelworks Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!