Common use of Stock Certificates; Fractional Shares Clause in Contracts

Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant but in any event within 5 business days after its receipt of the Exercise Amount, the Company shall issue and deliver to the person or persons designated by the Holder a certificate or certificates for the aggregate number of whole shares of Common Stock issuable upon such exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.

Appears in 6 contracts

Samples: Warrant Agreement (Mexico Sales Made Easy, Inc.), Warrant Agreement (Mexico Sales Made Easy, Inc.), Warrant Agreement (Single Touch Systems Inc)

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Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant but in any event within 5 business days after its receipt of the Exercise Amountdate, the Company shall issue and deliver to the person or persons designated by entitled to receive the Holder same a certificate or certificates for the aggregate number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such exercise date. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Tokheim Corp)

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Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant but in any event within 5 business days after its receipt of the Exercise AmountDate, the Company shall issue cause to be issued and deliver delivered to the person or persons designated by the Holder a certificate or certificates for the aggregate number of whole shares of Common Stock Warrant Shares issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole Warrant Share as of the Exercise Date. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Orange 21 Inc.)

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