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

The Trustee and the Conversion Agent (if other than the Trustee) shall have no responsibility for any such determination or the distribution of such cash payable in lieu of Fractional Shares.
Promptly after such determination of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering any Fractional Shares, the Company shall notify the Trustee and the Conversion Agent in writing of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering Fractional Shares.
The Trustee and the Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of the Class A Ordinary Shares, or of any securities, property or cash that may at any time be issued or delivered upon the conversion of any Note or for the distribution of any cash payable in lieu of any Fractional Shares; and the Trustee and the Conversion Agent make no representations with respect thereto.

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. 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 shall have the meaning specified in Section 14.02(a).

Fractional Shares. Any fractional share amount resulting from the exchange will be paid in cash. - DIVIDENDS: Payment of any dividends accrued will be paid at the time the shares are submitted for exchange. - ADDRESS CHANGES: If your permanent address should be changed on our records, please indicate address change in Box A. An address in Box F will be treated as the one time only, special instructions. IMPORTANT TAX INFORMATION PLEASE PROVIDE YOUR SOCIAL SECURITY OR OTHER TAX IDENTIFICATION NUMBER ON THIS SUBSTITUTE FORM W-9 AND CERTIFY THEREIN THAT YOU ARE NOT SUBJECT TO BACKUP WITHHOLDING. FAILURE TO DO SO WILL SUBJECT YOU TO 31% FEDERAL INCOME TAX WITHHOLDING FROM YOUR PAYMENT CHECK. BOX D Substitute Form W-9 Please provide the Taxpayer Identification Number ("TIN") of the person submitting this Letter of Transmittal in the box at right and certify by signing and dating below. Social Security Number ---------------------------------------