Common use of Fractional Common Units Clause in Contracts

Fractional Common Units. No fractional Common Units shall be issued in connection with any exercise hereunder but in lieu of such fractional Common Units, the Company shall make a cash payment therefor upon the basis of the fair market value of the Common Units, as determined by the Managers in their sole, good faith discretion.

Appears in 6 contracts

Samples: Merchandiser Agreement (Artistdirect Inc), Merchandiser Agreement (Artistdirect Inc), Merchandiser Agreement (Artistdirect Inc)

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Fractional Common Units. No fractional Common Units shall be issued in connection with any exercise hereunder but in lieu of such fractional Common Units, the Company shall make a cash payment therefor upon the basis of the fair market value of the Common Units, as determined by the Managers Manager in their its sole, good faith discretion.

Appears in 3 contracts

Samples: Merchandiser Agreement (Artistdirect Inc), Merchandiser Agreement (Artistdirect Inc), Merchandiser Agreement (Artistdirect Inc)

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