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.
Appears in 40 contracts
Samples: Convertible Note (Liberator, Inc.), Convertible Note Agreement (Wiless Controls Inc.), Convertible Note Agreement (Ecosphere Technologies Inc)
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.
Appears in 14 contracts
Samples: Secured Convertible Note (Debt Resolve Inc), Senior Secured Convertible Note (Liquidmetal Technologies Inc), Convertible Note (Terra Nostra Resources Corp.)
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 on the Principal Market 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.
Appears in 12 contracts
Samples: Convertible Note (Isco International Inc), Convertible Note Agreement (Isco International Inc), Convertible Note Agreement (Isco International Inc)
No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions for a fraction of shares a share 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 Current Market 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.
Appears in 7 contracts
Samples: Convertible Note Agreement (Nascent Wine Company, Inc.), Convertible Note Agreement (Broadcast International Inc), Convertible Note Agreement (Nascent Wine Company, Inc.)
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 for 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 timeStock. If the Company elects not, or is unable, to make such a cash payment, the The Holder shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.
Appears in 6 contracts
Samples: Convertible Note (Bioxytran, Inc), Convertible Note (Bioxytran, Inc), Convertible Note (Bioxytran, Inc)
No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions for a fraction of shares a share 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.
Appears in 4 contracts
Samples: Purchase Agreement (Sonic Foundry Inc), Purchase Agreement (Knightsbridge Fine Wines Inc), Purchase Agreement (Biogentech Corp)
No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions for a fraction of shares a share of Common Stock, but may 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.
Appears in 2 contracts
Samples: Convertible Note (Knightsbridge Fine Wines Inc), Exchange Agreement (Knightsbridge Fine Wines Inc)
No Fractions. Upon a conversion hereunder the Company shall not be required to issue stock share certificates representing fractions of shares of Common StockShares, 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 Shares 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 StockShare.
Appears in 2 contracts
Samples: Debenture Agreement (Interoil Corp), Debenture Agreement (Interoil Corp)
No Fractions. Upon a conversion hereunder the Company Borrower 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 Borrower elects not, or is unable, to make such a cash payment, the Holder Lender shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.
Appears in 1 contract
Samples: Credit Agreement (Hearusa Inc)
No Fractions. Upon a conversion hereunder the Company Corporation 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 Corporation 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.
Appears in 1 contract
