Fractional Shares definition

Fractional Shares. No fractional shares of Common Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a share of Common Stock.

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Fractional Shares as defined in Section 2.01(b).

Fractional Shares has the meaning given to it in consideration (B);

Examples of Fractional Shares in a sentence

• This Rights Certificate, with or without other Rights Certificates, upon surrender at the principal office or offices of the Rights Agent designated for such purpose, may be exchanged for another Rights Certificate or Rights Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of Fractional Shares of Preferred Stock as the Rights evidenced by the Rights Certificate or Rights Certificates surrendered shall have entitled such holder to purchase.

• Fractional Shares shall be rounded down to the nearest whole Share with no cash consideration being paid upon exercise.

• The holder of a Right by the acceptance of the Right expressly waives his or her right to receive any fractional Rights or any fractional shares upon exercise of a Right, except as permitted by this Section 14 (Fractional Rights and Fractional Shares).

• The Purchase Price payable, and the number of Fractional Shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution in the event of certain transactions affecting the Preferred Stock.

• In case the registered holder of any Rights Certificate shall exercise less than all the Rights evidenced thereby, a new Rights Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent and delivered to, or upon the order of the registered holder of such Rights Certificate, registered in such name or names as may be designated by such holder, subject to the provisions of Section 14 (Fractional Rights and Fractional Shares).

More Definitions of Fractional Shares

Fractional Shares means a purchase of a proportion of a share. The benefits of fractional shares are that it provides extensive diversification for relatively small investments.

Fractional Shares means fractional shares of Parent Class A Common Stock.

Fractional Shares means the theoretical number of additional shares that could be purchased on the ex-dividend date, which is the first day an owner of a share of stock can sell it without losing the rights to an upcoming dividend, by reinvesting any dividends or distributions of the Company or any other company in the Peer Group. Fractional Shares will be set to one (1.0000) at the beginning of the Performance Period and therefore Measurement Period 1 and the progression will be calculated on a cumulative basis throughout the entire Performance Period. The calculation is as follows: Fractional Shares on the ex-dividend date plus the dividend on the ex-dividend date multiplied by the Fractional Shares on the ex-dividend date divided by the actual closing price on the last trading day prior to the ex-dividend date. Example: Assume dividend = $0.20, Fractional Shares on ex-dividend date = 1.0000, and prior trading day actual closing price = $44.35. 1.0000 + (1.0000 * $0.20) / $44.35 = 1.0045 resulting Fractional Shares.

Fractional Shares. No fractional Units of Preferred Stock will be issued upon exercise of the Rights and, in lieu thereof, a payment in cash will be made to the holder of such Rights equal to the same fraction of the current market value of a Unit of Preferred Stock.

Fractional Shares. Section 2.3.6 "GM Building" -- Section 6.18 "Governmental or Regulatory Authority" -- Section 3.1.4 "group" -- Section 9.11(g) "Hazardous Material" -- Section 3.1.15 "Indemnified Liabilities" -- Section 6.10(a) "Indemnified Parties" -- Section 6.10(a) "Indemnifying Party" -- Section 6.10(a) "Intellectual Property" -- Section 3.1.16 "knowledge" -- Section 9.11(e) "laws" -- Section 3.1.4 "Lien" -- Section 3.1.2 "Limited Shares" -- Section 1.5.1 "Maryland Secretary of State" -- Section 1.4 "material", "material adverse effect" and "materially adverse" -- Section 9.11(f) "Merger" -- Recitals "Merger Sub" -- Recitals "MGCL" -- Section 1.2 "NYSE" -- Section 7.1.3 "Option Plans" -- Section 6.9.2 "Options" -- Section 3.1.2 "orders" -- Section 3.1.4 "Ownership Limit" -- Section 1.5.1 "Paired Shares" -- Section 2.2 "Payment Amount" -- Section 8.2 "Permanent Restriction" -- Section 6.9.3 "person" -- Section 9.11(g) "Plan" -- Section 3.1.13 "Principal Properties" -- Section 4.1.17 "Proxy Statement" -- Section 3.1.9 "REA" -- Section 4.1.17 "Registration Statement" -- Section 4.1.9 "REIT" -- Section 1.5.1 "REIT Requirements" -- Section 1.5.1 "Representatives" -- Section 9.11(h) 11

Fractional Shares. Upon the conversion of the Note into Equity ----------------- Securities, in lieu of any fractional shares to which the holder of the Note would otherwise be entitled, the Company shall pay cash equal to such fraction multiplied by the issue price of such Equity Securities. "Registration Rights" Upon conversion of the Notes or exercise ------------------- of the Warrant Shares, each Investor will be entitled to any registration rights granted the other holders of securities issued in the Next Financing. 5.

Fractional Shares. Notwithstanding the last sentence of Section 9.5 of the Equity Definitions, in the event the sum of the Number of Shares to be Delivered for all Components comprises any fractional Share, the number of Shares delivered on the Settlement will include only whole Shares and a fractional share amount in USD equal to the product of such fractional Share and the VWAP Price on the final Expiration Date.”