Fractions of Units. The Company may, but shall not be required to, issue a fraction of a Warrant Interest upon the exercise of this Warrant in whole or in part. As to any fraction of a unit 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 Interest on the date of such exercise.
Appears in 3 contracts
Samples: Purchase Agreement (Sleepmaster LLC), Purchase Agreement (Sleepmaster LLC), Lower Road Associates LLC
Fractions of Units. The Company may, but shall not be required to, issue a fraction of a Warrant Interest unit of Common Units upon the exercise of this Warrant in whole or in part. As to any fraction of a unit 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 Interest such Common Unit on the date of such exercise.
Appears in 1 contract
Samples: Exercise Agreement (McCormick & Schmick Holdings, L.L.C.)
Fractions of Units. The Company may, but shall not be required to, issue a fraction of a Warrant Interest unit of Preferred Units upon the exercise of this Warrant in whole or in part. As to any fraction of a unit 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 Interest such Preferred Unit on the date of such exercise.
Appears in 1 contract
Samples: Exercise Agreement (McCormick & Schmick Holdings, L.L.C.)
