Common use of Rounding of Cash Clause in Contracts

Rounding of Cash. In any case where the aggregate cash amount payable to a particular holder of Affected Securities under the Arrangement would, but for this provision, include a fraction of a cent, the amount payable shall be rounded down to the nearest whole cent.

Appears in 3 contracts

Samples: Arrangement Agreement (Spire Global, Inc.), Arrangement Agreement (Spire Global, Inc.), Amendment Agreement

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Rounding of Cash. In any case where the aggregate cash amount payable to a particular holder of Affected Securities under REIT Unitholder pursuant to the Arrangement would, but for this provision, include a fraction of a cent, the amount payable shall be rounded down to the nearest whole cent.

Appears in 1 contract

Samples: Arrangement Agreement

Rounding of Cash. In any case where the aggregate cash amount payable to a particular holder of Affected Securities Common Shares, Company Options, Company Warrants and RSUs under the Arrangement would, but for this provision, include a fraction of a cent, the amount payable shall be rounded down to the nearest whole cent.

Appears in 1 contract

Samples: Arrangement Agreement (Liminal BioSciences Inc.)

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Rounding of Cash. In any case where the aggregate cash amount consideration payable to a particular holder of Affected Securities Person under the Arrangement would, but for this provision, include a fraction of a cent, the amount consideration payable shall be rounded down to the nearest whole cent.

Appears in 1 contract

Samples: Arrangement Agreement (Tricon Residential Inc.)

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