No Fractional Warrants Other Than as Part of Units Sample Clauses

The 'No Fractional Warrants Other Than as Part of Units' clause establishes that fractional warrants will not be issued except when they are included as part of a complete unit. In practice, this means that if a transaction or event would otherwise result in the issuance of a fraction of a warrant, such fractional interests are either rounded down, aggregated, or otherwise not distributed unless they are part of a full unit package. This clause ensures administrative simplicity and avoids complications associated with managing and tracking fractional warrants, thereby streamlining the process for both the issuer and the holders.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of Units, each of which is comprised of one share of Common Stock and one-
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one Class A ordinary share, one-half of one whole Detachable Redeemable Warrant and the contingent right to receive Distributable Redeemable Warrants (as set forth above). If, upon the detachment of Detachable Redeemable Warrants from the Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one share of Common Stock and one-half of one Public Warrant. If, upon the detachment of Public Warrants from Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.
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No Fractional Warrants Other Than as Part of Units of the Existing Warrant Agreement is hereby deleted and replaced with the following:
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of Units, each of which is comprised of one share of Common Stock and one-quarter of one Public Warrant, or Forward Purchase Units, each of which is comprised of one share of Common Stock and one-quarter of one Forward Purchase Warrant. If, upon the detachment of Public Warrants from Units, Forward Purchase Warrants from Forward Purchase Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Private Warrants other than as part of Units, each of which is comprised of one Ordinary Share and one-third of one Private Warrant. If, upon the detachment of Private Warrants from Private Placement Units or otherwise, a holder of Private Warrants would be entitled to receive a fractional Private Warrant, the Company shall round down to the nearest whole number the number of Private Warrants to be issued to such holder.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of Units and Private Placement Units, each of which is comprised of one share of Common Stock and three-fourths of one Warrant. If, upon the detachment of Warrants from Units or Private Placement Units, as applicable, or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder. Accordingly, and for the avoidance of doubt, a holder of Warrants must purchase at least two Units or Private Placement Units, as applicable, in order to receive and/or trade a whole Warrant.
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No Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one Ordinary Share and one Public Warrant exercisable for one-half of an Ordinary Share (provided that if the Company has not consummated its initial Business combination within 18 months from the closing of the offering contemplated by the Prospectus, each warrant will entitle the holder thereof to purchase three-quarters of one Ordinary Share). If, upon the detachment of Public Warrants from Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.
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Related to No Fractional Warrants Other Than as Part of Units

  • No Fractional Shares Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.

  • No Fractional Securities No certificates or scrip representing fractional Common Shares shall be issued upon the surrender for exchange of Certificates pursuant to this Article I, and no Crescent dividend or other distribution or stock split shall relate to any fractional share, and no fractional share shall entitle the owner thereof to vote or to any other rights of a security holder of Crescent. In lieu of any such fractional share, each holder of Company Common Stock who would otherwise have been entitled to a fraction of a Common Share upon surrender of Certificates for exchange pursuant to this Article I will be paid an amount of cash (without interest), rounded to the nearest cent, determined by multiplying (i) the Market Price of a Common Share on the second NYSE trading day prior to the Company Stockholder Meeting (as defined in Section 5.1) by (ii) the fractional interest to which such holder would otherwise be entitled. The "Market Price" of a Common Share or a share of Company Common Stock, as applicable, on any date means the average of the daily closing prices per Common Share (or share of Company Common Stock, as applicable) as reported on the NYSE Composite Transactions reporting system (as published in The Wall Street Journal or, if not published therein, in another authoritative source mutually selected by the Company and Crescent) for the 20 consecutive NYSE trading days (the "Averaging Period") immediately preceding such date. As promptly as practicable after the determination of the amount of cash to be paid to holders of fractional share interests, the Exchange Agent shall so notify Crescent, and Crescent shall deposit such amount with the Exchange Agent and shall cause the Exchange Agent to forward payments to such holders of fractional share interests subject to and in accordance with the terms of Section 1.6, Section 1.7 and this Section 1.8. For purposes of paying such cash in lieu of fractional shares, all Certificates surrendered for exchange by a Company stockholder shall be aggregated, and no such Company stockholder will receive cash in lieu of fractional shares in an amount equal to or greater than the value of one full Common Share with respect to such Certificates surrendered.

  • No Fractional Shares or Scrip No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, 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 Exercise Price or round up to the next whole share.