Common use of No Requirement to Issue Fractional Securities Clause in Contracts

No Requirement to Issue Fractional Securities. The Corporation shall not be required to issue fractional Securities upon the conversion of the Note and the Purchaser will not be entitled to compensation for any such fractional Securities. If, as a result of any adjustment, the Purchaser would become entitled to a fractional Security, the Purchaser shall have the right to acquire only the adjusted number of full Securities (computed to the nearest whole number with any numbers above one-half being rounded up).

Appears in 5 contracts

Samples: Note Purchase Agreement (Borealis Foods Inc.), Note Purchase Agreement (Borealis Foods Inc.), Note Purchase Agreement (Borealis Foods Inc.)

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No Requirement to Issue Fractional Securities. The Corporation shall not be required to issue fractional Securities upon the conversion of the Note Notes and the Purchaser will not be entitled to compensation for any such fractional Securities. If, as a result of any adjustment, the Purchaser would become entitled to a fractional Security, the Purchaser shall have the right to acquire only the adjusted number of full Securities (computed to the nearest whole number with any numbers above one-half being rounded up).

Appears in 1 contract

Samples: Note Purchase Agreement (Oxus Acquisition Corp.)

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