Fractional Interests; Fair Value. The Company shall not be required to issue fractional Shares on the exercise of the Warrants. If any fraction of a Share would, except for the provisions of this Section 9, be issuable on the exercise of the Warrants (or specified portion thereof), the Company shall pay an amount in cash equal to the then Market Value of the Common Stock on the day of such exercise multiplied by such fraction.
Appears in 7 contracts
Samples: Joint Development Agreement (Syntroleum Corp), Warrant Agreement (Syntroleum Corp), Warrant Agreement (Syntroleum Corp)
Fractional Interests; Fair Value. The Company shall not be required to issue fractional Shares on shares of Common Stock upon the exercise of the Warrantsany Warrant. If any fraction of a Share share of Common Stock would, except for the provisions of this Section 9, be issuable on the exercise of the Warrants any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to the then Market Value fair market value of the Common Stock on as determined by the day Company's Board of such exercise multiplied by such fractionDirectors.
Appears in 2 contracts
Samples: Warrant Agreement (Weida Communications, Inc.), Warrant Instrument (Weida Communications, Inc.)
Fractional Interests; Fair Value. The Company shall not be required to issue fractional Shares on the exercise of the WarrantsOptions. If any fraction of a Share would, except for the provisions of this Section 9, be issuable on the exercise of the Warrants Options (or specified portion thereof), the Company shall pay an amount in cash equal to the then Market Value of the Common Stock on the day of such exercise multiplied by such fraction.
Appears in 1 contract
Samples: Option Agreement (Syntroleum Corp)
