Common use of Fractional Interests; Accrued Interest Clause in Contracts

Fractional Interests; Accrued Interest. The Corporate Borrower shall not be required to issue fractional shares on the conversion of this Note. If any fraction of a share would, except for the provisions of this Section 3(i), be issuable on the conversion of this Note, the Corporate Borrower shall pay to the holder an amount in cash equal to the product of (i) such fraction of a share and (ii) the Current Market Value of a share of Common Stock as of the date of conversion of this Note. Upon any conversion of all or any portion of the Adjusted Principal Amount in accordance with the terms hereof, Borrower shall pay to the holder in cash all accrued but unpaid interest to the effective date of conversion with respect to the portion of the Adjusted Principal Amount of this Note being converted.

Fractional Interests; Accrued Interest. The Corporate Borrower shall not be required to issue fractional shares on the conversion of this Note. If any fraction of a share would, except for the provisions of this Section 3(i), be issuable on the conversion of this Note, the Corporate Borrower shall pay to the holder an amount in cash equal to the product of (i) such fraction of a share and (ii) the Current Market Value of a share of Common Stock as of the date of conversion of this Note. Upon any conversion of all or any portion of the Adjusted Principal Amount in accordance with the terms hereof, Borrower shall pay to the holder in cash all accrued but unpaid interest to the effective date of conversion with respect to the portion of the Adjusted Principal Amount of this Note being converted.