Common use of Method of Exercise; Fractional Shares Clause in Contracts

Method of Exercise; Fractional Shares. The purchase rights represented by this Warrant are exercisable at the option of the registered owner in whole at any time, or in part, from time to time, within the period specified above; provided, however, that purchase rights are not exercisable with respect to a fraction of a share of Common Stock. In lieu of issuing a fraction of a share remaining after exercise of this Warrant as to all full shares covered hereby or scrip, the Corporation shall pay therefor cash equal to the same fraction of the then current Warrant purchase price per share. In case of the exercise of this Warrant for less than all the shares purchasable, the Corporation shall cancel this Warrant and execute and deliver a new Warrant of like tenor and date for the balance of the shares purchasable hereunder.

Method of Exercise; Fractional Shares. The purchase rights represented by this Warrant are exercisable at the option of the registered owner in whole at any time, or in part, from time to time, within the period specified aboveabove in Section 1; provided, however, that purchase rights are not exercisable with respect to a fraction of a share of Common Stock. In lieu of issuing a fraction of a share remaining after exercise of this Warrant as to all full shares covered hereby or scrip, the Corporation shall pay therefor cash equal to the same fraction of the then current Warrant purchase price per share. In case of the exercise of this Warrant for less than all the shares purchasable, the Corporation shall cancel this Warrant and execute and deliver a new Warrant of like tenor and date for the balance of the shares purchasable hereunder.

Method of Exercise; Fractional Shares. The purchase rights represented by this Warrant are exercisable at the option of the registered owner in whole at any time, or in part, from time to time, within prior to the period Expiration Date specified above; provided, however, that purchase rights are not exercisable with respect to a fraction of a share of Common Stock. In lieu of issuing a fraction of a share remaining after exercise of this Warrant as to all full shares covered hereby or scrip, the Corporation shall pay therefor cash equal to the same fraction of the then current Warrant purchase price per share. In case of the exercise of this Warrant for less than all the shares purchasable, the Corporation shall cancel this Warrant and execute and deliver a new Warrant of like tenor and date for the balance of the shares purchasable hereunder.