Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange.
Appears in 8 contracts
Samples: Rights Agreement (Varco International Inc /De/), Rights Agreement (Tivo Inc), Rights Agreement (Catellus Development Corp)
Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be required to issue fractions of Common Shares or to distribute certificates which evidence represent fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange.
Appears in 6 contracts
Samples: Rights Agreement (Biomarin Pharmaceutical Inc), Rights Agreement (Biomarin Pharmaceutical Inc), Rights Agreement (Arden Realty Inc)
Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined in accordance with Section 14.111.4.1) for the Trading Day immediately prior to the date of such exercise or exchange.
Appears in 2 contracts
Samples: Rights Agreement (Ballantyne Strong, Inc.), Rights Agreement (Euronet Worldwide Inc)
Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be ---------------------------------------- required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Rights Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value price of a whole Common Share on the day of exercise (as determined in accordance with Section 14.114(a) for the Trading Day immediately prior to the date of such exercise or exchange).
Appears in 2 contracts
Samples: Rights Agreement (Acuson Corp), Rights Agreement (Acuson Corp)
Cash in Lieu of Fractional Common Shares. The Company shall not ---------------------------------------- not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange.
Appears in 1 contract
Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be required to issue fractions of Class A Common Shares or to distribute certificates which evidence fractional Class A Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Class A Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Class A Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Class A Common Share (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange.
Appears in 1 contract
Samples: Termination Agreement (Alpharma Inc)
Cash in Lieu of Fractional Common Shares. The Company shall ---------------------------------------- not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Rights Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value price of a whole Common Share on the day of exercise (as determined in accordance with Section 14.114(a) for the Trading Day immediately prior to the date of such exercise or exchange).
Appears in 1 contract