FRACTIONAL SHARES OR WARRANTS. No fractional Shares shall be issued upon exercise of any Warrants and no payments or adjustment shall be made upon any exercise on account of any cash dividends on the Shares issued upon such exercise. If any fractional interest in a Share would, except for the provisions of the first sentence of this Section l(d), be deliverable upon the exercise of Warrants, the Company shall, in lieu of delivering the fractional share therefor, pay to the Holder an amount in cash equal to the Fair Market Value (as hereinafter defined) of such fractional interest.
FRACTIONAL SHARES OR WARRANTS. Anything contained herein to the contrary notwithstanding, the Company shall not be required to issue any fractional shares of Common Stock or Underlying Warrants in connection with the exercise of a Managing Underwriters' Warrant. In any case where a Managing Underwriters' Warrant Holder would, except for the provisions of this Section 6(b), be entitled under the terms of this Agreement to receive a fraction of a share of Common Stock or an Underlying Warrant upon the exercise of this Managing Underwriters' Warrant, the Company shall, upon the exercise of the Managing Underwriters' Warrant and receipt of the Underlying Share Purchase Price or the Underlying Warrant Purchase Price, as the case may be, issue the largest number of whole shares of Common Stock or Underlying Warrants, as the case may be, purchasable upon exercise of this Managing Underwriters' Warrant. The Managing Underwriters' Warrant Holder expressly waives his or her right to receive a certificate of any fraction of a share of Common Stock or an Underlying Warrant upon the exercise hereof. However, with respect to any fraction of a share of Common Stock or Underlying Warrant called for upon any exercise hereof, the Company shall pay to the Managing Underwriters' Warrant Holder an amount in cash equal to such fraction multiplied by the current market price per share of Common Stock or Underlying Warrant, as the case may be, determined pursuant to Section 4(f) hereof (substituting "Warrant" for "share of Common Stock" in the case of Underlying Warrants).
FRACTIONAL SHARES OR WARRANTS. If a fractional share of Common Stock or fractional Underlying Warrant would, but for the provisions of Subsection 2.1, be issuable upon exercise of the rights represented by this Warrant, the Company will, within twenty days after the Exercise Date, deliver to the Purchaser a check payable to the Purchaser, in lieu of such fractional share or fractional Underlying Warrant, in an amount equal to the Market Price of such fractional share or fractional Underlying Warrant as of the close of business on the Exercise Date.
FRACTIONAL SHARES OR WARRANTS. If a fractional share of Stock would, ----------------------------- but for the provisions of Subsection 3.1, be issuable upon exercise of the rights represented by this Representatives' Warrant, the Company will, within twenty days after the Exercise Date, deliver to the Purchaser a check payable to the Purchaser, in lieu of such fractional share of Stock, in an amount equal to the Market Price of such fractional share of Stock as of the close of business on the Exercise Date.
FRACTIONAL SHARES OR WARRANTS. Anything contained herein to the contrary notwithstanding, the Company shall not be required to issue any fractional shares of Underlying Shares or Underlying Warrants in connection with the exercise of a Placement Agent Warrant Certificate. In any case where a Holder would, except for the provisions of this Section 6(b), be entitled under the terms of this Agreement to receive a fraction of an Underlying Share or Underlying Warrant upon the exercise of a Placement Agent Warrant Certificate, the Company shall round-up to the next highest Underlying Shares and the next highest Underlying Warrant, as the case may be.
