Common use of Fractional Shares or Scrip Clause in Contracts

Fractional Shares or Scrip. No fractional shares or scrip representing -------------------------- fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the Exercise Price then in effect.

Fractional Shares or Scrip. No fractional shares or scrip representing -------------------------- fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the Exercise Price then in effect.

Fractional Shares or Scrip. No fractional shares or scrip representing -------------------------- fractional shares shall will be issued upon the in connection with any exercise of this Warrant, but in . In lieu of such any fractional shares to which Holder would otherwise be entitled, the Company shall make a cash payment therefor on equal to the basis of fair market value and, if none, the Exercise Price then in effectPrice, multiplied by such fraction.