No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions of ADRs, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based on the closing price of an ADR at such time. If the Company elects not, or is unable, to make such a cash payment, the Holder shall be entitled to receive, in lieu of the final fraction of an ADR, one whole ADR.
Appears in 2 contracts
Sources: Convertible Note (Trinity Biotech PLC), Convertible Note (Trinity Biotech PLC)