Xx Fractional Shares. SARs may be exercised only with respect to full shares of Common Stock, and no fractional share of stock shall be issued.
Xx Fractional Shares. No fractional shares of Class B Common Stock will be issued in connection with any exercise hereunder. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the fair market value of one share of Class B Common Stock on the date of exercise, as determined in good faith by the Company’s Board of Directors.
Xx Fractional Shares. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares which would, otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market on the date of exercise.
Xx Fractional Shares. The Stock Option may be exercised only with respect to full shares, and no fractional share of stock shall be issued.
Xx Fractional Shares. All provisions of this Agreement concern whole Shares. If the application of any provision hereunder would yield a fractional share, such fractional share shall be rounded down to the next whole share if it is less than 0.5 and rounded up to the next whole share if it is 0.5 or more.
Xx Fractional Shares. No fractional shares of Pameco Delaware Common Stock and Delaware Series A Preferred Stock shall be issued. In lieu of fractional shares, the former holders of Pameco Georgia Common affected by the Conversion pursuant to the Merger who would otherwise be entitled to fractional shares of Pameco Delaware Common Stock, shall receive, in lieu thereof, cash (without interest) in an amount equal to the product of (i) such fractional part of a share of Pameco Delaware Common Stock , multiplied by (ii) the closing price per share of Pameco Georgia Common Stock on the New York Stock Exchange ("NYSE") on the business day immediately prior to the Effective Time.
Xx Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.
Xx Fractional Shares. The Company shall not issue or cause to be issued fractional Underlying Shares on conversion of this Note. If any fraction of an Underlying Share would, except for the provisions of this Section 11. be issuable upon conversion of this Note, number of Underlying Shares to be issued will be rounded up to the nearest whole share.
Xx Fractional Shares. No fractional shares of Common Stock will be delivered to the Holders upon conversion. In lieu of fractional shares otherwise issuable, the Holders will be entitled to receive an amount in cash equal to the fraction of a share of Common Stock multiplied by the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the applicable Conversion Date or Mandatory Conversion Date, as applicable. In order to determine whether the number of shares of Common Stock to be delivered to a Holder upon the conversion of such Holder’s shares of Series A Preferred Stock will include a fractional share, such determination shall be based on the aggregate number of shares of Series A Preferred Stock of such Holder that are being converted on any single Conversion Date or Mandatory Conversion Date, as applicable.
Xx Fractional Shares. Notwithstanding any other provision of this Agreement, no fractional Parent Shares shall be issued hereunder.
