Common use of Cash in Lieu of Fractional Rights Clause in Contracts

Cash in Lieu of Fractional Rights. The Company will not be required to issue fractions of Rights (except prior to the Distribution Date as provided in Section 11(n)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.

Cash in Lieu of Fractional Rights. The Company will not be required to issue fractions of Rights (except prior to the Distribution Date as provided in Section 11(n11(m)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.

Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights (Rights, except prior to the Distribution Date as provided in Section 11(n11(o)) , or to distribute Rights Certificates that which evidence fractional Rights. In If the Company elects not to issue such fractional Rights, the Company shall pay, in lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable issuable, an amount in cash equal to the same fraction of the Current Per Share Fair Market Price Value of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.

Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights (Rights, except prior to the Distribution Date as provided in Section 11(n11(o)) , or to distribute Rights Certificates that which evidence fractional Rights. In If the Company elects not to issue such fractional Rights, the Company shall pay, in lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable issuable, an amount in cash equal to the same fraction of the Current Per Share Fair Market Price Value of a whole Right, calculated as of the Trading Day Xxxx immediately prior to the date on which such fractional Rights would have been otherwise issuable.

Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights (except prior to the Distribution Date as provided in accordance with Section 11(n11.15)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay there shall be paid to the registered holders of the Rights Right Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price current market value of a whole Right. For the purposes of this Section 14.1, calculated as the current market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.have