Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 8 contracts

Sources: Representative's Warrant Agreement (Lasik America Inc), Representative's Warrant Agreement (Truevision International Inc), Underwriter's Warrant Agreement (Hawaiian Natural Water Co Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may beStock, or other securities, properties or rights.

Appears in 8 contracts

Sources: Representative's Warrant Agreement (Sma Real Time Inc), Underwriter's Warrant Agreement (Cumetrix Data Systems Corp), Representative's Warrant Agreement (Cumetrix Data Systems Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon Shares on the exercise of the Warrantsthis Warrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightseliminated.

Appears in 6 contracts

Sources: Warrant Agreement (Si Diamond Technology Inc), Warrant Agreement (Si Diamond Technology Inc), Warrant Agreement (Si Diamond Technology Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the WarrantsWarrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 5 contracts

Sources: Warrant Agreement (Neon Communications Inc), Underwriting Agreement (Amdiv Com Inc), Underwriting Agreement (American Diversified Holdings Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the WarrantsFinancial Advisor's Warrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 5 contracts

Sources: Financial Advisor's Warrant Agreement (I Trax Inc), Financial Advisor's Warrant Agreement (I Trax Inc), Financial Advisor's Warrant Agreement (I Trax Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions but instead shall pay cash in lieu of shares such fractional interests to the Holders entitled thereto based on the Fair Market Value of the Common Stock upon as determined in good faith by the exercise Board of Directors of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightsCompany.

Appears in 4 contracts

Sources: Warrant Agreement (Zymetx Inc), Warrant Agreement (Zymetx Inc), Warrant Agreement (Careside Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Class A Common Stock or Redeemable Warrants upon the exercise of the Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Class A Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 4 contracts

Sources: Representative's Warrant Agreement (Vaso Active Pharmaceuticals Inc), Representative's Warrant Agreement (Vaso Active Pharmaceuticals Inc), Representative's Warrant Agreement (Vaso Active Pharmaceuticals Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise and shall not be required to issue scrip or pay cash in lieu of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 3 contracts

Sources: Underwriter's Warrant Agreement (Connecticut Valley Sports Inc), Underwriter's Warrant Agreement (Aviation Group Inc), Underwriter's Warrant Agreement (Epi Technologies Inc/De)

Elimination of Fractional Interests. The Company Corporation shall not be required to issue stock certificates representing fractions of shares of Common Stock Stock, nor shall it be required to issue script or Redeemable Warrants upon the exercise pay cash in lieu of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightseliminated.

Appears in 2 contracts

Sources: Warrant Agreement (Ontro Inc), Loan Agreement (Ontro Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Class A Warrants upon the exercise of the WarrantsPurchase Option, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsany fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of Class A Warrants, shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 2 contracts

Sources: Purchase Option Agreement (Unity Emerging Technology Venture One LTD), Unit Purchase Option Agreement (Grout Dianna)

Elimination of Fractional Interests. The Company company shall not be required to issue stock certificates representing fractions of shares of Common Stock common stock, nor shall it be required to issue scrip or Redeemable Warrants upon the exercise pay cash in lieu of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightseliminated.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Globecomm Systems Inc), Common Stock Purchase Warrant (Globecomm Systems Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 2 contracts

Sources: Placement Agent's Warrant Agreement (Med-Design Corp), Underwriter's Warrant Agreement (Hawaiian Natural Water Co Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the WarrantsPlacement Agent's Warrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 2 contracts

Sources: Placement Agent's Warrant Agreement (Casull Arms Corp), Placement Agent's Warrant Agreement (Medical Technology Systems Inc /De/)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may be, to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 2 contracts

Sources: Placement Agent's Warrant Agreement (Ratexchange Corp), Placement Agent's Warrant Agreement (Careerengine Network Inc)

Elimination of Fractional Interests. The Company shall not be required ----------------------------------- to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 2 contracts

Sources: Warrant Agreement (Fairfield Communities Inc), Warrant Agreement (Fairfield Communities Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.any

Appears in 2 contracts

Sources: Representative's Warrant Agreement (Skymall Inc), Warrant Agreement (Chart Industries Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Preferred Stock or Redeemable Warrants upon the exercise of the Warrants, nor shaft it be required to issue script or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of or shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.Preferred Stock

Appears in 1 contract

Sources: Warrant Agreement (Home Director Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the WarrantsPurchase option, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsany fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of Warrants, shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Purchase Option Agreement (Harbor Acquisition Corp.)

Elimination of Fractional Interests. The Company shall not be -------------------------------------- required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrantsthis Warrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsany fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Warrant Agreement (Absolutefuture Com)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the WarrantsFinancial Advisor’s Warrant, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Warrant Agreement (Stealth Medialabs Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Underlying Warrants upon the exercise of the Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Representatives' Warrant Agreement (Galacticomm Technologies Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Preferred Stock or Redeemable Warrants upon the exercise and shall not be required to issue scrip or pay cash in lieu of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Preferred Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights. 11.

Appears in 1 contract

Sources: Underwriter's Warrant Agreement (Ifs International Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares Shares, nor shall it be required to issue script or pay cash in lieu of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightsShares.

Appears in 1 contract

Sources: Warrant Agreement (Smith Midland Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, Warrants or other securities, properties or rights.

Appears in 1 contract

Sources: Representative's Warrant Agreement (Prospect Medical Holdings Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights. 11.

Appears in 1 contract

Sources: Underwriter's Warrant Agreement (Cti Industries Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise or transfer of the WarrantsPurchase Option, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsany fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Purchase Option Agreement (Global Telecommunication Solutions Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants Ordinary Shares and ADSs upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, Ordinary Shares and ADSs or other securities, properties or rights.

Appears in 1 contract

Sources: Representative's Warrant Agreement (Town Pages Holdings PLC)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable fractions of Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the WarrantsRepresentative’s Unit Option, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightscancelled.

Appears in 1 contract

Sources: Representative’s Option Agreement for Units (Antex Biologics Inc)

Elimination of Fractional Interests. The Company shall not be required to issue share certificates representing fractions of shares Shares and shall not be required to issue scrip or pay cash in lieu of Common Stock or Redeemable Warrants upon the exercise of the Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrants, it being the intent of the parties that all fractional interests. All fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightsShares.

Appears in 1 contract

Sources: Placement Agent Agreement (Fiberchem Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Stock, Redeemable Warrants or Debentures upon the exercise of the Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, Warrants or principal amount of Debentures or other securities, properties or rights.

Appears in 1 contract

Sources: Representatives' Warrant Agreement (Integrated Physician Systems Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Preferred Stock or Redeemable Warrants upon the exercise of the Warrants, nor shall it be required to issue script or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of or shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.Preferred Stock

Appears in 1 contract

Sources: Warrant Agreement (Home Director Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Placement Agent's Warrants, nor shall it be required to issue scrip or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction of .5 or greater up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Warrant Agreement (Victory Entertainment Corp)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Representative Warrants, or fractions of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Representative Warrants, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rights.

Appears in 1 contract

Sources: Representative's Warrant Agreement (Eautoclaims Com Inc)

Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Redeemable Warrants upon the exercise of the Warrants, nor shall it be required to issue script or fractions pay cash in lieu of shares of Common Stock upon the exercise of the Redeemable Warrants underlying the Warrantsfractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of or shares of Common Stock or Redeemable Warrants, as the case may be, or other securities, properties or rightsStock.

Appears in 1 contract

Sources: Warrant Agreement (Smart Choice Automotive Group Inc)