Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value of a Warrant Share on the date of such exercise.
Appears in 10 contracts
Samples: Credit and Security Agreement (Franks Nursery & Crafts Inc), Exercise Agreement (Gardenburger Inc), Warrant Agreement (Network Communications, Inc.)
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value Price of a Warrant Share (assuming such Warrant Shares were immediately converted into Common Stock) on the date of such exercise.
Appears in 4 contracts
Samples: United Shipping & Technology Inc, United Shipping & Technology Inc, United Shipping & Technology Inc
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value last reported sale price of a Warrant Share the Class A Common Stock on the date of such exerciseNASDAQ National Market System or any other national securities exchange on which the Class A Common Stock is then listed.
Appears in 3 contracts
Samples: Edison Schools Inc, Edison Schools Inc, Edison Schools Inc
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value Price of a Warrant Share on the date of such exercise.
Appears in 2 contracts
Samples: United Shipping & Technology Inc, United Shipping & Technology Inc
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value fair market value of a Warrant Share on the date of such exercise.
Appears in 1 contract
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value public trading price of a Warrant Share on the date share of such exerciseCommon Stock.
Appears in 1 contract
Samples: Juliana Mining Co Inc
Fractions of Shares. The Company may, but shall not be ------------------- required to, issue a fraction of a Warrant Share share of Common Stock upon the exercise of this Warrant in whole or in partWarrant. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value of a Warrant Share share of Common Stock on the date of such exercise.. * * * *
Appears in 1 contract
Samples: Wec Co
Fractions of Shares. The Company Corporation may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company Corporation elects not to issue, the Company Corporation shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value fair market value of a Warrant Share on the date of such exercise.. Fair market value shall be deemed to be the higher of:
Appears in 1 contract
Samples: ITP Energy Corp
Fractions of Shares. The Company may, but shall not be required torequired, to issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value market price of a Warrant Share on the date of such exerciseexercise (as determined by the board of directors in its reasonable discretion).
Appears in 1 contract
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value Price of a Warrant Share on the date of such exercise.,
Appears in 1 contract
Samples: United Shipping & Technology Inc
Fractions of Shares. The Company may, but shall not be ------------------- required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value of a Common Warrant Share Share, or to the same fraction of the Series A Issue Price of a Preferred Warrant Share, as applicable, on the date of such exercise.
Appears in 1 contract
Samples: Delco Remy International Inc
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value market price of a Warrant Share on the date of such exerciseexercise (as determined by the board of directors in its reasonable discretion).
Appears in 1 contract