No Fractional Warrant Shares. The Company shall not be required to issue stock certificates representing fractions of Warrant Shares, but shall in respect of any fraction of a Warrant Share make a payment in cash based on the Value of the Common Stock after giving effect to the full exercise or conversion of the Warrants.
Appears in 9 contracts
Samples: Earn Up Agreement (Queen Sand Resources Inc), Subscription Agreement (Enron Capital & Trade Resources Corp), Securities Purchase Agreement (Queen Sand Resources Inc)
No Fractional Warrant Shares. The Company shall not be required to issue stock certificates representing fractions of Warrant Shares, but shall may at its option in respect of any final fraction of a Warrant Share make a payment in cash based on the Value then current market price of the Common Stock (as determined in good faith by the Board of Directors of the Company) after giving effect to the full exercise or conversion of the Warrants.
Appears in 3 contracts
Samples: Warrant Agreement (Angeion Corp/Mn), Warrant Agreement (Amnex Inc), Warrant Agreement (Angeion Corp/Mn)
No Fractional Warrant Shares. The Company shall not be required to issue stock certificates representing fractions of Warrant Shares, but shall may at its option in respect of any final fraction of a Warrant Share make a payment in cash based on the Value then current market price of the Class A Common Stock (as determined in accordance with Section 4.1(c) hereof) after giving effect to the full exercise or conversion of the Warrants.
Appears in 2 contracts
Samples: Warrant Agreement (Autotote Corp), Warrant Agreement (Autotote Corp)
No Fractional Warrant Shares. The Company shall not be required to issue stock certificates representing fractions of Warrant Shares, but shall in respect of any fraction of a Warrant Share make a payment in cash based on the Value value of the Common Stock after giving effect to the full exercise or conversion of the Warrants.
Appears in 2 contracts
Samples: Warrant Agreement (Enron North America Corp), Warrant Agreement (Enron North America Corp)
No Fractional Warrant Shares. The Company shall not be ---------------------------- required to issue stock certificates representing fractions of Warrant Shares, but shall may at its option in respect of any final fraction of a Warrant Share make a payment in cash based on the Value then current market price of the Class A Common Stock (as determined in accordance with Section 4.1(c) hereof) after giving effect to the full exercise or conversion of the Warrants.
Appears in 1 contract
Samples: Credit Agreement (Autotote Corp)
