Fractional Shares Upon Conversion. If a fraction of a share would result upon conversion of this Note pursuant to this Section 4, the Company will, in lieu of issuing a fractional share, pay in cash the amount of principal represented by the fractional share calculated on the basis of the Conversion Price, as defined in Section 5.
Fractional Shares Upon Conversion. No fractional shares --------------------------------- of Class A Voting Common Stock will be issued upon conversion of the Series B Preferred Stock and any fractional share which otherwise would result from conversion by a holder of all of his or her shares of Series B Preferred Stock (with all the shares of a series taken together as a group) will be redeemed by payment in an amount equal to the fair market value thereof as determined by the Board of Directors for such series as promptly as funds are legally available therefor. If more than one share of Series B Preferred Stock is surrendered for conversion at any one time by the same holder, the number of full shares of Class A Voting Common Stock to be issued upon conversion shall be computed on the basis of the aggregate number of shares of Series B Preferred Stock so surrendered.
Fractional Shares Upon Conversion. Notwithstanding anything to the contrary contained in this Agreement, no 117 Shareholder shall be entitled to, and New Age will not issue, fractions of any securities in New Age.
Fractional Shares Upon Conversion. Notwithstanding anything to the contrary contained in this Agreement, no 1267818 Shareholder shall be entitled to, and Valorem will not issue, fractions of any securities in Valorem.
Fractional Shares Upon Conversion. Notwithstanding anything to the contrary contained in this Agreement, no C&C Shareholder shall be entitled to, and XX0000000 will not issue, fractions of any securities in XX0000000.
Fractional Shares Upon Conversion. Notwithstanding anything to the contrary contained in this Agreement, no NHS Shareholder shall be entitled to, and BC0981624 will not issue, fractions of any securities in BC0981624.
Fractional Shares Upon Conversion. Notwithstanding anything to the contrary contained in this Section 3, this Corporation shall have no obligation (but shall have the right) to issue fractions of shares of Common Stock upon the conversion of shares of Series C Convertible Preferred Stock pursuant to this Section 3. In lieu thereof, at its election, this Corporation shall be entitled to issue to the holders of the theretofore outstanding shares of Series C Convertible Preferred Stock in respect of which such fractions otherwise would be deliverable the number of whole shares of Common Stock to which such holders are entitled on account of their respective aggregate holdings of such theretofore outstanding shares of Series C Convertible Preferred Stock (as determined by the Board of Directors in good faith). If, notwithstanding the issuance of whole shares in lieu of fractional shares pursuant to the preceding sentence, fractional shares remain, this Corporation, in lieu of issuing the same, shall be entitled, at its election, to deliver to the holders who otherwise would receive such fractional shares cash in an amount equal to the fraction of a share of Common Stock involved multiplied by the Liquidation Price.
