Common use of Fractional Interest Clause in Contracts

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holder, the number of full shares of Common Stock which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants (or specified proportion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one share of Common Stock, as determined by the Board of Directors of the Company in good faith, multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable acquirable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E 4.04, be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one Fair Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holder, the number of full shares of Common Stock which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable on the exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants (or specified proportion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one share of Common Stock, as determined by the Board of Directors of the Company company in good faith, multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company may, but shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E 5.3, be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company may, in lieu of issuing fractional shares, at its option, but it shall have no obligation to do so, pay an amount in cash calculated by it to be equal to the then fair value of one Current Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holder, the number of full shares of Common Stock which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants (or specified proportion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one share of Common Stock, as determined by the Board of Directors of the Company company in good faith, multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants (or specified proportion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one share of Common Stock, as determined by the Board of Directors of the Company in good faith, multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue ------------------- fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable acquirable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one Current Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable acquirable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E Section, be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one share of Common Stock, as determined by the Board of Directors of the Company in good faithFair Market Value per Share, multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable issuable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E 4.04, be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one Fair Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable acquirable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E Section, be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one Fair Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.

Fractional Interest. The Company shall not be required to issue fractional shares of Common Stock on the exercise of the Warrants. If more than one Warrant shall be presented for exercise in full at the same time by the same holderHolder, the number of full shares of Common Stock which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of whole shares of Common Stock purchasable acquirable on exercise of the Warrants so presented. If any fraction of a share of Common Stock would, except for the provisions of this Section 2E be issuable on the exercise of the Warrants any Warrant (or specified proportion portion thereof), the Company shall pay an amount in cash calculated by it to be equal to the then fair value of one Current Market Value per share of Common Stock, as determined by the Board of Directors of the Company in good faith, Stock multiplied by such fraction computed to the nearest whole cent.