No Fractional Shares or Warrants. Notwithstanding anything herein contained including any adjustment provided for in section 2.2 or Article Five, the Corporation shall not be obliged to issue any fractional Shares or to distribute certificates which evidence fractional Shares upon the exercise of one or more Warrants. To the extent that the holder of one or more Warrants would otherwise have been entitled to receive on the exercise or partial exercise thereof a fraction of a Share that holder may exercise that right in respect of the fraction only in combination with other Warrants that in the aggregate entitle the holder to acquire a whole number of Shares. If not so exercised, the Corporation shall not pay any amounts to the holder in satisfaction of the right to otherwise have received a fraction of a Share.
No Fractional Shares or Warrants. No fraction of a Parent Share (including any Parent Assumed Option or Parent Assumed Warrant to purchase a fraction of a Parent Share) shall be issued upon the surrender for exchange of a Cellvine Stock Certificate, Cellvine Option agreement or Cellvine Warrant agreement (or evidence of such Cellvine Shares, Cellvine Options or Cellvine Warrants in book-entry form), no dividends or other distributions of Parent shall relate to such fractional share interests and such fractional share interests will not entitle the owner thereof to vote or to any rights of a shareholder of Parent. Each holder of Cellvine Shares, Cellvine Options or Cellvine Warrants who would otherwise be entitled to a fraction of or the right to purchase a fraction of a Parent Shares (after aggregating all fractional Parent Shares that otherwise would be received by such holder) shall, receive from Parent, in lieu of such fractional share, one Parent Share.
No Fractional Shares or Warrants. Notwithstanding any other provisions of this Agreement, each holder of shares of Bank Stock exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Company Stock (after taking into account all certificates delivered by such holder) shall receive, in lieu thereof, cash (without interest) in an amount equal to such fractional part of a share of Company Stock multiplied by $15.00. Notwithstanding any other provision of this Agreement, no fractional warrants shall be issued, and no cash or other consideration shall be paid in lieu of fractional warrants. No holder will be entitled to dividends, voting rights or any other rights as a shareholder in respect of any fractional share of Company Stock."
No Fractional Shares or Warrants. Notwithstanding any provision contained in this Warrant Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number, the number of the shares of Common Stock to be issued to such holder. No fractional Warrants will be issued and only whole Warrants will trade. Accordingly, at the time the units separate, holders will have to then own a number of units divisible by two or they will lose a portion of the Warrants they would otherwise be entitled to.
No Fractional Shares or Warrants. Notwithstanding anything to the contrary contained herein, no fraction of either a share of Pubco Stock or a Pubco Investor Warrant will be issued by virtue of the Mergers or the transactions contemplated hereby. Each Person who would otherwise be entitled to receive a fraction of a share of Pubco Common Stock (after aggregating all fractional shares of Pubco Common Stock that otherwise would be received by such holder) shall receive cash in lieu of such fractional share. Each Person who would otherwise be entitled to receive a fraction of a share of Pubco Series A Preferred Stock (after aggregating all fractional shares of Pubco Series A Preferred Stock that otherwise would be received by such holder) shall receive, in lieu of such fractional share, one (1) share of Pubco Series A Preferred Stock. Each Person who would otherwise be entitled to receive a fraction of a Pubco Investor Warrant (after aggregating all fractional Pubco Investor Warrants of such series of Pubco Investor Warrants that otherwise would be received by such holder) shall receive, in lieu of such fractional Pubco Investor Warrant, one (1) Pubco Investor Warrant of such series of Pubco Investor Warrant.
No Fractional Shares or Warrants. No certificates or scrip representing fractional Alamos Shares or fractional Alamos Arrangement Warrants shall be issued upon the surrender for exchange of certificates pursuant to Section 4.1 and no dividend, stock split or other change in the capital structure of Alamos shall relate to any such fractional security and such fractional interests shall not entitle the owner thereof to exercise any rights as a securityholder of Alamos. The number of Alamos Shares and Alamos Arrangement Warrants to be issued to any person pursuant to this Plan of Arrangement shall be rounded to the nearest whole Alamos Share and Alamos Arrangement Warrant, as the case may be. For greater certainty, where such fractional interest is greater than or equal to 0.5, the number of Alamos Shares and Alamos Arrangement Warrants to be issued, as the case may be, will be rounded up to the nearest whole number and where such fractional interest is less than 0.5, the number of Alamos Shares or Alamos Arrangement Warrants to be issued, as the case may be, will be rounded down or up to the nearest whole number. In calculating such fractional interests, all Alamos Shares and Alamos Arrangement Warrants, as the case may be, registered in the name of, or beneficially held by, a holder of Alamos Shares or Alamos Arrangement Warrants, as the case may be, or their respective nominee, shall be aggregated.
No Fractional Shares or Warrants. (i) No certificates or scrip evidencing fractional shares of Metromedia Common Stock or Warrants shall be issued upon the surrender for exchange of the Certificates, and such fractional share interests will not entitle the owner thereof to vote or to any rights of a stockholder of the Surviving Corporation.
No Fractional Shares or Warrants. Pursuant to the terms of the Rights Offering, no fractional Unit Shares or Unit Warrants shall be issued.
No Fractional Shares or Warrants. No fractional shares shall be issued under Section 19.3. As to any fraction of a New Share which the Purchaser would otherwise be entitled to receive upon the issuance of New Shares (after aggregating all the New Shares then being issuable to the Purchaser in respect of the shares of Common Stock comprising the Units purchased by the Purchaser), the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the price per share at which the Additional Shares giving rise to the issuance of the New Shares were sold by the Company or round up to the next whole share.
No Fractional Shares or Warrants. Under no circumstances shall the Corporation be obliged to issue any fractional Common Shares, Warrants or Rights, or any cash or other consideration in lieu thereof, upon the automatic exchange of one or more Subscription Receipts. To the extent that the holder of one or more Subscription Receipts would otherwise have been entitled to receive on the automatic exchange thereof, a fraction of a Common Share, Warrant or Rights, the fraction shall be rounded down to the nearest whole number of Common Shares, Warrants or Rights, as the case may be.
