Common use of No Fractional shares of Stock or Scrip Clause in Contracts

No Fractional shares of Stock or Scrip. No fractional shares of Stock shall be issued upon the exercise of the rights under this Warrant. In lieu of such fractional share of Stock to which Holder would otherwise be entitled, the Company shall make a cash payment equal to the Exercise Price multiplied by such fraction.

Appears in 8 contracts

Samples: Loan and Security Agreement (Complete Solaria, Inc.), Purchase Stock (Urgent.ly Inc.), Purchase Stock (Urgent.ly Inc.)

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