Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants that is less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legends, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a subscription for the closest whole number of Warrant Shares and shall be rounded down, and no cash or other consideration will be paid in lieu of fractional shares.
Appears in 1 contract
Partial Exercise of Warrants; Fractions.
(1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Ordinary Shares less less than the aggregate number which the holder is entitled to acquire. In the event of any exercise exercise of a number of Warrants that is less than the number which the holder is entitled to exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without without charge therefor, a new Warrant Certificate(s), bearing the same legendslegend, if applicable, or other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder holder and which were not then exercised.exercised.
(2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Ordinary Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant of Ordinary Shares. Any subscription for fractional Warrant Ordinary Shares will be deemed to be a subscription subscription for the closest whole number of Warrant Ordinary Shares and shall be rounded rounding down, and no cash cash or other consideration will be paid in lieu of fractional shares.shares.
Appears in 1 contract
Sources: Warrant Indenture
Partial Exercise of Warrants; Fractions.
(1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Common Shares less that is less than the aggregate number which the holder is entitled to acquire. In the event of any exercise exercise of a number of Warrants that is less than the number which the holder is entitled to exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without without charge therefor, a new Warrant Certificate(s), bearing the same legends, if applicable, or other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder holder and which were not then exercised.exercised.
(2) Notwithstanding anything herein contained contained, including any adjustment provided for in Article 4, the Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant of Common Shares. Any subscription for fractional Warrant Common Shares will be deemed to be a subscription subscription for the closest whole number of Warrant Common Shares and shall be rounded rounding down, and no cash cash or other consideration will be paid in lieu of fractional shares.shares.
Appears in 1 contract
Partial Exercise of Warrants; Fractions.
(1) 3.8.1 The holder of any Warrants may exercise his his, her or her its right to acquire a number of whole Warrant Shares less less than the aggregate number which the holder is entitled to acquire. In the event of any exercise exercise of a number of Warrants that is less than the number which the holder is entitled to exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without without charge therefor, a new Warrant Certificate(s), bearing the same legendslegend, if applicable, or other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder holder and which were not then exercised.exercised.
(2) 3.8.2 Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a subscription for the closest whole number of Warrant Shares and shall be rounded down, and no cash or other consideration will be paid in lieu of fractional shares..
Appears in 1 contract
Sources: Warrant Indenture