Common use of Waiver of Fractional Rights Clause in Contracts

Waiver of Fractional Rights. Except as permitted by this Section 14, the holder of a Right, by the acceptance of such Right, expressly waives such holder’s right to receive any fractional Rights or any fractional shares of any security upon the exercise or exchange of a Right.

Appears in 42 contracts

Samples: Rights Agreement (Vanda Pharmaceuticals Inc.), Preferred Stock Rights Agreement (Cue Health Inc.), Preferred Stock Rights Agreement

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Waiver of Fractional Rights. Except as permitted by this Section 14, the The holder of a Right, Rights by the acceptance of such Right, the Rights expressly waives such holder’s his right to receive any fractional Rights or any fractional shares of any security upon the exercise or exchange of a RightRights, except as permitted by this Section 14.

Appears in 2 contracts

Samples: Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc), Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc)

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