Common use of No Fractional Warrants Clause in Contracts

No Fractional Warrants. The Company shall not issue fractional Warrants or distribute Warrant Certificates which evidence fractional Warrants. If any fractional Warrant would otherwise be required to be issued or distributed pursuant to the Warrant Distribution, the Company or Warrant Agent, as applicable, to the extent reasonably practicable, shall first aggregate the total number of Warrants to be issued to the relevant holder of Common Stock or Other Eligible Recipient and then round down the total number to the nearest Whole Number and no cash or other adjustment will be made in lieu of the fraction of a Warrant so rounded down.

Appears in 2 contracts

Samples: Warrant Agreement (Danimer Scientific, Inc.), Warrant Agreement (Danimer Scientific, Inc.)

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No Fractional Warrants. The Company shall not issue fractional Warrants or distribute Warrant Certificates which evidence fractional Warrants. If any fractional Warrant would otherwise be required to be issued or distributed pursuant to the Warrant Distribution, the Company or Warrant Agent, as applicable, to the extent reasonably practicable, shall first aggregate round down the total number of Warrants to be issued to the relevant holder of Common Stock or Other Eligible Recipient and then round down the total number Holder to the nearest Whole Number whole number and no cash or other adjustment will be made in lieu of the fraction of a Warrant so rounded down.

Appears in 2 contracts

Samples: Warrant Agreement (Diana Shipping Inc.), Form of Warrant Agreement (Diana Shipping Inc.)

No Fractional Warrants. The Company shall not issue fractional Warrants or distribute Warrant Certificates which evidence fractional Warrants. If any fractional Warrant would otherwise be required to be issued or distributed pursuant to the Warrant DistributionDividend or otherwise, the Company or relevant Holder will receive from the Warrant Agent, as applicableon behalf of the Company, to the extent reasonably practicable, shall first aggregate the total a number of Warrants to that shall be issued to rounded up (if the relevant holder of Common Stock number is .5 or Other Eligible Recipient and then round above) or down (if the total number is less than .5) to the nearest Whole Number and no cash or other adjustment will be made in lieu of the fraction of a Warrant so rounded downwhole number.

Appears in 2 contracts

Samples: Warrant Agreement (Global Tech Industries Group, Inc.), Warrant Agreement (Global Tech Industries Group, Inc.)

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No Fractional Warrants. The Company shall not issue fractional Warrants or distribute Warrant Certificates which evidence fractional Warrants. If any fractional Warrant would otherwise be required to be issued or distributed pursuant to the Warrant Distribution, the Company or Warrant Agent, as applicable, to the extent reasonably practicable, shall first aggregate the total number of Warrants to be issued to the relevant holder of Common Stock or Other Eligible Recipient Holder and then round down the total number to the nearest Whole Number and no cash or other adjustment will be made in lieu of the fraction of a Warrant so rounded down.

Appears in 2 contracts

Samples: Warrant Agreement (Cassava Sciences Inc), Warrant Agreement (Cassava Sciences Inc)

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