Conversion Number. If the foregoing calculation results in a MarketWatch Warrant being exercisable for a fraction of a share of MarketWatch Common Stock, then the number of shares of MarketWatch Common Stock subject to such MarketWatch Warrant shall be rounded down to the nearest whole number with no cash being payable for such fractional share. If a MarketWatch Warrant is exercisable for a per share exercise price that includes a fraction of a cent, the exercise price shall be rounded down to the nearest whole cent. All terms and conditions of each Charts Warrant that is converted into a MarketWatch Warrant in the Merger will, to the extent permitted by law and otherwise reasonably practicable, be unchanged and continue in effect after the Effective Time of the Merger.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Marketwatch Com Inc), Agreement and Plan of Reorganization (Marketwatch Com Inc)