Fractional Common Units. No fractional Common Units shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole Common Unit.
Appears in 3 contracts
Sources: Convertible Security Agreement (Summit Semiconductor Inc.), Convertible Security Agreement (Summit Semiconductor Inc.), Convertible Security Agreement (Summit Semiconductor Inc.)