Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current fair market value of one whole share of Common Stock as of such date of exercise as determined by the Company. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant but in any event within 5 business days after its receipt of the Exercise Amount, the Company shall issue and deliver to the person or persons designated by the Holder a certificate or certificates for the aggregate number of whole shares of Common Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Common Stock as of such date of exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.
Stock Certificates; Fractional Shares. As soon as practicable on or after any date of exercise of this Warrant pursuant to this Section 2, the Company shall issue and deliver to the Person or Persons entitled to receive the same a certificate or certificates for the number of whole shares of Warrant Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the current Fair Market Value of one whole share of Warrant Stock as of the date of exercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.
Stock Certificates; Fractional Shares. On or before the third (3rd) business day following the Exercise Date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Common Stock issuable upon such exercise, rounded down to the nearest whole share. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.
Stock Certificates; Fractional Shares. As soon as practicable on or after the date this Warrant is exercised, the Company shall issue and deliver to the Holder a certificate or certificates for the number of whole Shares issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the then Fair Market Value of one whole share of Common Stock as of the date of exercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant.
Stock Certificates; Fractional Shares. As soon as practicable after the exercise of this Additional Investment Right in whole or in part, but in no event later than three Trading Days after the Exercise Date, the Company, at its expense, shall instruct its transfer agent to issue and deliver the Underlying Shares pursuant to Section 3 below. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Additional Investment Right. If any fraction of an Underlying Share would, except for the provisions of this Section, be issuable upon exercise of this Additional Investment Right, the number of Underlying Shares to be issued will be rounded up to the nearest whole share.
Stock Certificates; Fractional Shares. As soon as practicable on or after the date of any exercise of this Warrant but in any event within 10 business days after its receipt of the Exercise Amount, the Company shall issue and deliver to the person or persons designated by the Holder a certificate or certificates for the aggregate number of whole shares of Common Stock issuable upon such exercise. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant. The Company may at its sole and absolute discretion round fractional shares to the nearest whole share as full, final and complete satisfaction of its obligations for any exercise of this Warrant.
Stock Certificates; Fractional Shares. As soon as practicable and in any event not more than fifteen (15) days after the date of exercise of this Warrant pursuant to Sections 2.1, 2.2 or 2.3, the Company shall issue and deliver to the Holder a certificate for the number of shares of Common Stock issuable pursuant to such exercise; provided, however, that if the Common Stock is traded on a national securities exchange or over-the-counter, then the Company shall promptly (but in no event later than three (3) Trading Days after exercise of this Warrant) issue and deliver to the Holder a certificate for the number of shares of Common Stock issuable pursuant to such exercise; provided, further, that the Company shall, upon request of the Holder and subsequent to the date on which a registration statement covering the resale of the Common Stock has been declared effective by the SEC, use its best efforts to promptly (but in no event later than three (3) Trading Days after exercise of this Warrant) deliver Common Stock electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions. No fractional shares or scrip representing fractional shares shall be issued upon any exercise of this Warrant and in lieu thereof the Company shall pay cash for any fraction of a share equal to such fraction multiplied by the current Fair Market Value of one whole share of Common Stock as of the date of exercise of this Warrant. If by the third Trading Day after the date of exercise of this Warrant the Company fails to deliver the required number of shares of Common Stock in the manner required pursuant to this Section 2.4, and if after such third Trading Day and prior to the receipt of such Common Stock, the Holder purchases (from a third party, in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale (whether to a third party, an open market transaction or otherwise) by the Holder of the Common Stock which the Holder anticipated receiving upon such exercise, then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder’s total purchase price (including brokerage commissions, expenses and related costs to cover, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the number of shares of Common Stock that the Company was required to deliver to the Holder in connection with the exercise at issue by (B) the sale price of the Common Stock ...
Stock Certificates; Fractional Shares. As soon as practicable on or after such date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of whole shares of Warrant Stock issuable upon such exercise, together with cash in lieu of any fraction of a share equal to such fraction of the Fair Market Value of one whole share of Warrant Stock as of the date of exercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant, and any fractional shares shall be rounded to the nearest whole share.
Stock Certificates; Fractional Shares. As soon as practicable on or ------------------------------------- after the date this Warrant is exercised, the Company shall issue and deliver to the Holder a certificate or certificates for the number of whole Shares issuable upon such exercise, together with cash in lieu of any fraction of a Share equal to such fraction of the then Fair Market Value of one whole share of Common Stock as of the date of exercise of this Warrant. No fractional shares or scrip representing fractional shares shall be issued upon an exercise of this Warrant. Subject to the foregoing, the Company may place on any certificate or certificates issued to Holder such legends as the Company deems appropriate to evidence the provisions of Section 11 below.
