No Fractional Shares to Be Issued. The Company shall not be required upon any exercise of this Warrant to issue a certificate representing any fraction of a share of Common Stock, but, in lieu thereof, shall pay Holder cash in an amount equal to a corresponding fraction (calculated to the nearest 1/100 of a share) of the Current Market Price of one share of Common Stock as of the date of receipt by the Company of notice of exercise of this Warrant.
Appears in 18 contracts
Samples: Warrant Agreement (Ruby Mining Co), Warrant Agreement (World Commerce Online Inc), Warrant Agreement (World Commerce Online Inc)
No Fractional Shares to Be Issued. The Company shall not be required upon any exercise or conversion of this Warrant to issue a certificate representing any fraction of a share of Common Stock, but, in lieu thereof, shall may pay to the Holder cash in an amount equal to a corresponding fraction (calculated to the nearest 1/100 1/100th of a share) of the Current Market Price fair market value of one share of Common Stock as of the date of receipt by the Company of notice the Notice of exercise Exercise, as reasonably determined in good faith by the Board of this WarrantDirectors of the Company.
Appears in 1 contract
No Fractional Shares to Be Issued. The Company shall not be required upon any exercise of this Warrant to issue a certificate representing any fraction of a share of Common Stock, but, in lieu thereof, shall pay Holder cash in an amount equal to a corresponding fraction (calculated to the nearest 1/100 of a share) of the Current Market Price of one share of Common Stock as of the date of receipt by the Company of notice of exercise of this Warrant.to
Appears in 1 contract
No Fractional Shares to Be Issued. The Company shall not be required upon any exercise of this Warrant to issue a certificate representing any fraction of a share of Common Stock, but, in lieu thereof, shall pay Holder cash in an amount equal to a corresponding fraction (calculated to the nearest 1/100 of a share) of the Current Market Warrant Price of one share of Common Stock as of the date of receipt by the Company of notice of exercise of this Warrant.
Appears in 1 contract
No Fractional Shares to Be Issued. The Company shall not be required upon any exercise of this Warrant to issue a certificate representing any fraction of a share of Common Stock, but, in lieu thereof, shall pay Holder to the holder of this Warrant cash in an amount equal to a corresponding fraction (calculated to the nearest 1/100 of a share) of the Current Market Price of one share of Common Stock as of the date of receipt by the Company of notice of exercise of this Warrant.
Appears in 1 contract
