Common use of Fractional Units Clause in Contracts

Fractional Units. No fractional Warrant Units will be issued in connection with any exercise of this Warrant, but in lieu of such fractional Units the Company shall make a cash payment therefor upon the basis of the Exercise Price then in effect.

Fractional Units. No fractional Warrant Units will units shall be issued in connection with any exercise of this Warranthereunder, but and in lieu of any such fractional Units units the Company shall make a cash payment therefor upon to the basis Holder (or such other person or persons as directed by the Holder) based on the Fair Market Value of a Warrant Unit on the Exercise Price then in effectdate of exercise of this Warrant.

Fractional Units. No fractional Warrant Units will shall be issued in connection with any upon the exercise of this Warrant, but in . In lieu of such fractional Units units, the Company shall make pay the Holder a sum in cash payment therefor upon equal to the basis fair market value of the Exercise Price then fractional unit (as determined in effectgood faith by the Company’s Board of Directors) on the date of exercise.