Common use of Xx Fractional Shares or Scrip Clause in Contracts

Xx Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares the Company shall make a cash payment therefor in an amount equal to the product of (a) the Exercise Price then in effect multiplied by (b) the fraction of a share.

Appears in 7 contracts

Samples: Warrant Agreement (Tg Therapeutics, Inc.), Warrant Agreement (Tg Therapeutics, Inc.), Warrant Agreement (Tg Therapeutics, Inc.)

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Xx Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares the Company shall make a cash payment therefor in an amount equal to the product of (a) the Exercise Price then in effect multiplied by (b) the fraction of a share.. ​

Appears in 3 contracts

Samples: Tg Therapeutics, Inc., Tg Therapeutics, Inc., Tg Therapeutics, Inc.

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Xx Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares the Company shall make a cash payment therefor in an amount equal to upon the product basis of (a) the Exercise Price then in effect multiplied by (b) the fraction fair market value of a shareone share of Common Stock.

Appears in 1 contract

Samples: Axsome Therapeutics, Inc.

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