Common use of No Fractional Warrants Other Than as Part of Units Clause in Contracts

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.

Appears in 2 contracts

Sources: Warrant Agreement (TLGY Acquisition Corp), Warrant Agreement (TLGY Acquisition Corp)

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 or more full or partial shares of Ordinary Shares and one whole Detachable Redeemable Warrant and the contingent right to receive Distributable Redeemable Warrants (as set forth above)or more full or partial Warrants. If, upon the detachment of Detachable Redeemable Warrants from the Units or otherwise, a holder of Warrants would be entitled to receive receive, in respect of all such Units of such Holder, a number of Warrants that includes a fractional Warrant, the Company shall round down down, to the nearest whole number number, the aggregate number of Warrants to be issued to such holderholder in respect of all such Units.

Appears in 1 contract

Sources: Warrant Agreement (Translational Development Acquisition Corp.)