Cash Payment in Lieu of Fractional Shares Sample Clauses

Cash Payment in Lieu of Fractional Shares. No fractional shares of Common Stock or scrip representing fractional shares shall be issued upon conversion of Notes. If more than one Note shall be surrendered for conversion at one time by the same holder, the number of full shares that shall be issuable upon conversion shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of stock would be issuable upon the conversion of any Note or Notes, the Company shall make an adjustment and payment therefor in cash at the current market price thereof to the holder of Notes. The current market price of a share of Common Stock shall be the Closing Price on the last Business Day immediately preceding the day on which the Notes (or specified portions thereof) are deemed to have been converted.

Cash Payment in Lieu of Fractional Shares. No fractional shares of Common Stock or scrip representing fractional shares shall be issued upon conversion of Loans. If any fractional share of stock otherwise would be issuable upon the conversion of any Loan or Loans, the Borrower shall make an adjustment therefor in cash at the current market value thereof to the Lenders of such Loans. Upon exercise of its Conversion Right a Lender shall, when delivering the relevant Conversion Notice or no later than 21 days following the relevant Conversion Date, give directions to the Agent for payment of any cash sum (rounded up to the nearest $0.01) which such Lender is entitled to receive pursuant to this Section 8.3 and which shall be paid by way of U.S. Dollar check drawn on a bank in the City of New York or, by wire transfer to a U.S. Dollar account maintained by the Lender with a bank in the City of New York.

Cash Payment in Lieu of Fractional Shares. Each record holder of Company Shares converted pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Stock (after taking into account all Company Shares held by such holder) will be entitled to receive, in lieu thereof upon surrender of the certificates that immediately prior to the Effective Time represented Company Shares, a cash payment (without interest) in lieu of such fractional share in an amount equal to the product of such fraction multiplied by the Exchange Price.

Cash Payment in Lieu of Fractional Shares. Notwithstanding the foregoing or anything to the contrary set forth herein, no fraction of a share of Stock Merger Consideration will be issued by virtue of the Merger, and in lieu thereof, each holder of record of shares of fuboTV Capital Stock who would otherwise be entitled to a fraction of a share of the Stock Merger Consideration pursuant to this Section 1.4(b) (after aggregating all fractional shares of the Stock Merger Consideration that otherwise would be received by such holder of record) shall, upon the surrender of the certificate, if any, representing such share of fuboTV Capital Stock in the manner provided in Section 2.3(c) (or in the case of a lost, stolen or destroyed certificate, upon delivery of an affidavit in the manner provided in Section 2.3(e)), receive an amount of cash (rounded down to the nearest whole cent), without interest, equal to the product obtained by multiplying such fraction by the Per Share Value.

Cash Payment in Lieu of Fractional Shares. No fractional shares of Preferred Stock shall be issued upon the conversion of this Note. In lieu of any fraction of a share of Preferred Stock to which the Holder would otherwise be entitled upon conversion of this Note, Maker shall pay a cash adjustment for such fraction in an amount equal to the same fraction of the Conversion Price per share of Preferred Stock at the close of business on the Conversion Date.