Common use of No Fractional Shares or Scrip Clause in Contracts

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), ) or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such the Holder as the holder would otherwise be entitled, such holder the Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share (as mutually determined by in good faith be the Company and the Holder), Company) or (ii) a whole share Share if the Holder tenders the Exercise Price for one whole share. 5.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder Holder would otherwise be entitled, such holder Holder shall be entitled, at its option, to receive either (ia) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), ) or (iib) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share Share (as mutually determined by the Company and the Holder), holder) or (ii) a whole share Share if the Holder holder tenders the Exercise Price for one whole shareShare.

No Fractional Shares or Scrip. No fractional shares or scrip ----------------------------- representing fractional shares shall be issued upon the exercise or conversion of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), holder) or (ii) a whole share if the Holder holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.the

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such the Holder as the holder hereof would otherwise be entitled, such holder the Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share (as mutually determined in good faith by the Company and the Holder), Company) or (ii) a whole share Share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), ) or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), ) or (ii) a ii)a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such holder the Holder would otherwise be entitled, such holder the Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share (as mutually determined in good faith by the Company and the Holder), Company) or (ii) a whole share Share if the Holder tenders the Exercise Price for one whole shareShare.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. In lieu of any fractional share to which such holder would otherwise be entitled, such holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), holder) or (ii) a whole share if the Holder holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing requesting fractional shares shall be issued upon the exercise of this Warrant. In lieu With respect to any fraction of any fractional a share called for upon the exercise of this Warrant, an amount equal to which such holder would otherwise be entitled, such holder fraction multiplied by the then current value of a share of Warrant Common Stock (as determined in good faith by the Board of Directors of the Company) shall be entitled, at its option, to receive either (i) a cash payment equal paid to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined Holder hereof in cash by the Company and the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole shareCompany.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder Holder would otherwise be entitled, such holder Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value Fair Market Value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), ) or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such the Holder as the holder would otherwise be entitled, such holder the Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share (as mutually determined by in good faith be the Company and the Holder), Company) or (ii) a whole share Share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which such holder Holder would otherwise be entitled, such holder Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined in good faith by the Company and the Holder), Company’s board of directors) or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu With respect to any fraction of any fractional a share called for upon the exercise of this Warrant, an amount equal to such fraction multiplied by the then current price at which such holder would otherwise each Warrant Share may be entitled, such holder purchased hereunder shall be entitled, at its option, to receive either (i) a paid in cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Share to which such holder the Holder would otherwise be entitled, such holder the Holder shall be entitled, at its option, entitled to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Share above the Exercise Price for such fractional share (as mutually determined in good faith by the Company and the HolderCompany), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu With respect to any fraction of any fractional a share to which such holder would otherwise be entitledcalled for upon the exercise of this Warrant, such holder shall be entitled, at its option, to receive either (i) a cash payment an amount equal to such fraction multiplied by the excess of the then current fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and in accordance with Section 2(b)(i)) of a Share shall be paid in cash to the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share Warrant Share to which such the Holder as the holder would otherwise be entitled, such holder the Holder shall be entitled, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share Warrant Share above the Exercise Price for such fractional share (as mutually determined in good faith by the Company and the Holder), Company) or (ii) a whole share Warrant Share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of the rights under this Warrant. In lieu of any such fractional share to which such holder the Holder would otherwise be entitled, such holder shall be entitled, at its option, to receive the Company may either (i) make a cash payment equal to the excess of the fair market value Exercise Price multiplied by such fraction or issue scrip or a warrant for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), or (ii) a whole share if which shall entitle the Holder tenders to receive a full share upon the Exercise Price for one whole surrender of such scrip or warrants aggregating a full share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. In lieu With respect to any fraction of any fractional a share called for upon the exercise of this Warrant, an amount equal to such fraction multiplied by the current Fair Market Value at which such holder would otherwise each share may be entitled, such holder purchased hereunder shall be entitled, at its option, to receive either (i) a paid in cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), or (ii) a whole share if the Holder tenders the Exercise Price for one whole share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall will be issued upon the exercise of this Warrant. In lieu of any fractional share to which such a holder would otherwise be entitled, such holder shall will be entitledentitled to receive, at its option, to receive either (i) a cash payment equal to the excess of the fair market value for such fractional share above the Exercise Price for such fractional share (as mutually determined by the Company and the Holder), holder) or (ii) a whole share if the Holder holder tenders the Exercise Price for one whole share.