Common use of No Fractional Shares Required to Be Issued Clause in Contracts

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 5 contracts

Samples: Registration Rights Agreement (Mce Companies Inc), Registration Rights Agreement (Mce Companies Inc), Registration Rights Agreement (Mce Companies Inc)

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No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 4 contracts

Samples: Advanced Life Sciences Holdings, Inc., Agreement (Jumbosports Inc), Advanced Life Sciences Holdings, Inc.

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of fractional shares of Common Stock upon exercise of this Warrant. If any fraction of a share of Common Stock would, but for this SectionSection 2.5, be issuable upon final exercise of this Warrant, in lieu of such fractional share of Common Stock, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock outstanding on the Business Day immediately prior to the date of such exercise.

Appears in 3 contracts

Samples: Investment Agreement (Diasys Corp), Diasys Corp, Diasys Corp

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this SectionSection 1.3, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock Outstanding on the Business Day immediately prior to the date of such exercise.

Appears in 3 contracts

Samples: Perma Fix Environmental Services Inc, Finantra Capital Inc, Finantra Capital Inc

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 2 contracts

Samples: Aps Healthcare Inc, Aps Healthcare Inc

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of fractional shares of Common Stock upon exercise of this Warrant. If any fraction of a share of Common Stock would, but for this SectionSection 1.3, be issuable upon final exercise of this Warrant, in lieu of such fractional share of Common Stock, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock outstanding on the Business Day immediately prior to the date of such exercise. 3.

Appears in 2 contracts

Samples: Diasys Corp, Diasys Corp

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company closing price per share of outstanding the Common Stock on the Business Trading Day immediately prior to the date of such exercise.

Appears in 2 contracts

Samples: Rite Aid Corp, Orbital Sciences Corp /De/

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Credit Agreement (Vistacare Inc)

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company (as defined in Section 8) per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Us Lec Corp

No Fractional Shares Required to Be Issued. The Company Holdings shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, Holdings shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company Holdings per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Warrantholders Rights Agreement (Lets Talk Cellular & Wireless Inc)

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this SectionSection 1.3, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock outstanding on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Letter Agreement (Heartland Payment Systems Inc)

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this SectionSECTION, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Warrant And (Security Capital Corp/De/)

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No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise. 1.4.

Appears in 1 contract

Samples: Credit Agreement (Horizon Medical Products Inc)

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of fractional shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final such exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, Holder an amount in cash equal to such fraction multiplied by the same fraction Market Price of the Fair Market Value of the Company per one share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Advance Paradigm Inc

No Fractional Shares Required to Be Issued. The Company shall not be required to issue fractions of fractional shares of Common Stock upon exercise of this Warrant. If any fraction of a share of Common Stock would, but for this SectionSection 2.5, be issuable upon final exercise of this Warrant, in lieu of such fractional share of Common Stock, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock outstanding on the Business Day immediately prior to the date of such exercise.. 2.6

Appears in 1 contract

Samples: Diasys Corp

No Fractional Shares Required to Be Issued. The Company shall ------------------------------------------ not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Medichem Life Sciences Inc

No Fractional Shares Required to Be Issued. The Company shall ------------------------------------------ not be required to issue fractions of shares of Class C Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share share, the Company may, at its option, shall pay to the Holder, Holder in cash, cash an amount equal to the same fraction of the Fair Market Value of the Company per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Medichem Life Sciences Inc

No Fractional Shares Required to Be Issued. The Company Holdings shall not be required to issue fractions of shares of Non-Voting Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this Section, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, Holdings shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company Holdings per share of outstanding Common Stock on the Business Day immediately prior to the date of such exercise.

Appears in 1 contract

Samples: Paradise Color Inc

No Fractional Shares Required to Be Issued. The Company shall not be required to issue any fractions of shares of Common Stock upon exercise of this Warrant. If any fraction of a share would, but for this SectionSection 2.3, be issuable upon final exercise of this Warrant, in lieu of such fractional share the Company may, at its option, shall pay to the Holder, in cash, an amount equal to the same fraction of the Fair Market Value of the Company Price per share of outstanding Common Stock on the Business Day immediately prior to on the date of such exercise.

Appears in 1 contract

Samples: Perini Corp

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