No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions of shares of Common Stock, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based on the closing price of a share of Common Stock at such time. If the Company elects not, or is unable, to make such a cash payment, the Holder shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.
No Fractions. In converting the principal indebtedness of the Loan into Units, the Borrower shall round fractions down to the nearest whole Unit, so that the Lender will not be entitled to receive a fraction of a Unit.
No Fractions. The Company shall not be required to issue fractions of shares of Common Stock or to distribute certificates which evidence fractional shares of Common Stock. In lieu of such fractional shares of Common Stock, the Company shall pay to each registered holder of a Rights Certificate with regard to which a fractional share of Common Stock would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this Section 24.5, the current market value of a whole share of Common Stock shall be the Closing Price of a share of Common Stock (as determined pursuant to Section 11.4 hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.
No Fractions. No fractional shares of Common Stock shall be issued under the Agreement and no cash amount shall be payable in respect thereof.
No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions of ADRs, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based on the closing price of an ADR at such time. If the Company elects not, or is unable, to make such a cash payment, the Holder shall be entitled to receive, in lieu of the final fraction of an ADR, one whole ADR.
No Fractions. Upon a conversion hereunder the Guarantor shall not be required to issue stock certificates representing fractions of shares of Preferred Stock, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based on the closing price of a share or the face value of a share of Preferred Stock at such time. If the Guarantor elects not, or is unable, to make such cash payment, the Lender shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Preferred Stock.
No Fractions. A Unit may not be divided or split into fractions, and the Partnership will not accept any subscription for, record any assignment of, or otherwise recognize any interest in less than a whole Unit, except as necessary to implement a subdivision of Units.
No Fractions. Notwithstanding the foregoing provisions, any purchase of securities pursuant to Sections 5.1, 5.2 or 5.3 may be made by a Participating Investor only of full shares or units and not of fractions of shares or units, any fraction to be rounded up to the nearest whole shares or unit and a Non-Participating Investor shall not be entitled to exercise any rights pursuant to such Sections from and after the date on which it becomes a Non-Participating Investor.
No Fractions. Upon an exchange hereunder, in lieu of issuing a stock certificate representing a fraction of a share of Common Stock, the Company may (if otherwise permitted) make a cash payment in respect of any final fraction of a share based in the closing price of a share of Common Stock at such time.
