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: Liberator, Inc., Wiless Controls Inc., Settlement Agreement (Eagle Broadband 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: Debt Resolve Inc, Terra Nostra Resources Corp., Liquidmetal 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 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 11 contracts
Samples: Isco International Inc, Isco International Inc, 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 6 contracts
Samples: Nascent Wine Company, Inc., Nascent Wine Company, Inc., Broadcast 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 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 (Biogentech Corp), Purchase Agreement (Sonic Foundry Inc), Purchase 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: Interoil Corp, Interoil Corp
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
Samples: Pet Express Supply 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 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.. (f)
Appears in 1 contract
Samples: Knightsbridge Fine Wines 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 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.. (f)
Appears in 1 contract
Samples: Registration Rights 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.. (f)
Appears in 1 contract
Samples: Consolidated Energy Inc
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 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 1 contract
