No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 7 contracts from 2 companies

No Fractional Shares. No fractional Warrant Units will be issued in connection with any exercise of this Unit 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 closing price of one Warrant Share as reported by the applicable Trading Market on the date of exercise.
Found in NanoVibronix, Inc. contract
NanoVibronix, Inc. Contracts

Form of Underwriters’ Warrants (Filed With SEC on May 2, 2014)

Form of Underwriters’ Warrants (Filed With SEC on May 8, 2014)

Form of Underwriters’ Warrants (Filed With SEC on May 12, 2014)

Medovex Corp. Contracts

Form of Underwriters Warrants (Filed With SEC on September 8, 2014)

Form of Underwriters Warrants (Filed With SEC on October 7, 2014)

Form of Underwriters Warrants (Filed With SEC on November 12, 2014)

Form of Underwriters Warrants (Filed With SEC on November 26, 2014)