Fractional ADS definition
Fractional ADS shall have the meaning specified in Section 14.02(a).
Examples of Fractional ADS in a sentence
The parties acknowledge and agree that payment of the Fractional ADS Cash Amount in lieu of fractional Buyer ADSs is solely for the purpose of avoiding the expense and inconvenience to Buyer of issuing fractional Buyer ADSs and does not represent separately bargained-for consideration.
The Exchange Agent shall also be instructed and authorized to sell, in one or more transactions, an additional number of Buyer ADSs on behalf of and for the account of Minority Shareholders to the extent necessary to transfer the Fractional ADS Cash Amount to each Minority Shareholder entitled to receive such Fractional ADS Cash Amount in lieu of fractional Buyer ADSs, if any.