Common use of Fractional Rights Clause in Contracts

Fractional Rights. (a) The Company shall not be required to issue fractions of Rights or Right Certificates evidencing fractional Rights. (b) In lieu of fractional Rights, the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable shall be paid in cash an amount equal to the same fraction of the current market price of a whole Right. For the purposes of this Section 6.4, the current market price of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any day shall be determined in the same manner set forth in Section 1.1 (o).

Fractional Rights. (a) The Company shall not be required to issue fractions of Rights or Right Certificates evidencing fractional Rights. (b) In lieu of fractional Rights, the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable shall be paid in cash an amount equal to the same fraction of the current market price Market Price of a whole Right. For the purposes of this Section 6.4, the current market price Market Price of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any day shall be determined in the same manner set forth in Section 1.1 (o1.1(o).

Fractional Rights. (a) The Company shall not be required to issue fractions of Rights or Right Certificates evidencing fractional Rights. (b) In lieu of fractional Rights, the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable shall be paid in cash an amount equal to the same fraction of the current market price Market Price of a whole Right. For the purposes of this Section 6.4, the current market price Market Price of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any day shall be determined in the same manner set forth in Section 1.1 (oSubsection 1.1(o).

Fractional Rights. (a) The Company shall not be required to issue fractions of Rights or Right Certificates evidencing fractional Rights. (b) In lieu of fractional Rights, the registered holders of the Rights Certificates with regard to for which such fractional Rights would otherwise be issuable shall be paid in cash an amount equal to the same fraction of the current market price Market Price of a whole Right. For the purposes of this Section 6.4section 7.05, the current market price Market Price of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any day shall be determined in the same manner set forth in Section 1.1 (osubsection 1.01(r).