No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 2 contracts from 1 company

No Fractional Shares. No fractional Option Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares that would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price of one Option Share as reported by the applicable Trading Market on the Exercise Date.
Found in DELCATH SYSTEMS, INC. contract
DELCATH SYSTEMS, INC. Contracts

DELCATH SYSTEMS, INC. SERIES B WARRANT (the Warrant) (Filed With SEC on July 2, 2015)

DELCATH SYSTEMS, INC. SERIES B WARRANT (the Warrant) (Filed With SEC on July 15, 2015)