No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 5 contracts from 2 companies

No Fractional Shares. No fractional shares will be issued in connection with any exercise of a Warrant. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the Market Price on the Date of Exercise.
Found in Gevo, Inc. contract
Gevo, Inc. Contracts

2015 COMMON STOCK UNIT SERIES A WARRANT AGREEMENT (Filed With SEC on February 4, 2015)

2015 COMMON STOCK UNIT SERIES B WARRANT AGREEMENT (Filed With SEC on February 4, 2015)

2015 COMMON STOCK UNIT SERIES C WARRANT AGREEMENT (Filed With SEC on May 20, 2015)

DNIB UNWIND, INC. Contracts

[FORM OF WARRANT AGREEMENT] WARRANT AGREEMENT (Filed With SEC on February 10, 2015)

WARRANTAGREEMENT (Filed With SEC on May 7, 2015)