Common use of Elimination of Fractional Interests Clause in Contracts

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Stock or Underlying Warrants upon the exercise of Warrants. Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or Underlying Warrants. If one or more Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Stock or Underlying Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Stock and/or Underlying Warrants purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying Warrants, determined as follows:

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Preferred Stock or Underlying Warrants upon the exercise of Representatives' Warrants. Representatives' Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or Underlying WarrantsPreferred Stock. If one or more Representatives' Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Preferred Stock or Underlying Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Preferred Stock and/or Underlying Warrants purchasable on exercise of the Representatives' Warrants so presented. If any fraction of a share of Common Preferred Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Representatives' Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying WarrantsPreferred Stock, determined as follows:

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Stock or Underlying Warrants upon the exercise of Warrants. Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or Underlying Warrants. If one or more Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Stock or Underlying Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Stock and/or Underlying Warrants purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying Warrants, determined as follows:: (1) If the Common Stock or Underlying Warrant, as the case may be, is listed,

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Stock or Underlying Warrants upon the exercise of Warrants. Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or and Underlying Warrants. If one or more Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Stock or Underlying Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Stock and/or and Underlying Warrants purchasable on exercise of the Warrants so presented. If any fraction of a share of Common Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying Warrants, determined as follows:

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Preferred Stock or Underlying Warrants upon the exercise of Underwriter's Warrants. Underwriter's Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or Underlying WarrantsPreferred Stock. If one or more Underwriter's Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Preferred Stock or Underlying Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Preferred Stock and/or Underlying Warrants purchasable on exercise of the Underwriter's Warrants so presented. If any fraction of a share of Common Preferred Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Underwriter's Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying WarrantsPreferred Stock, determined as follows:

Elimination of Fractional Interests. The Company shall not be required to issue fractional shares of Common Stock or Underlying Warrants upon the exercise of Underwriter's Warrants. Underwriter's Warrants may only be exercised in such multiples as are required to permit the issuance by the Company of one or more whole shares of Common Stock and/or Underlying Warrants. If one or more Underwriter's Warrants shall be presented for exercise in full at the same time by the same Holder, the number of whole shares of Common Stock or Underlying Underwriter's Warrants which shall be issuable upon such exercise thereof shall be computed on the basis of the aggregate number of shares of Common Stock and/or Underlying Warrants purchasable on exercise of the Underwriter's Warrants so presented. If any fraction of a share of Common Stock or Underlying Warrants would, except for the provisions provided herein, be issuable on the exercise of any Underwriter's Warrant (or specified portion thereofther eof), the Company shall pay an amount in cash equal to such fraction multiplied by the then current market value of a share of Common Stock or Underlying Warrants, determined as follows: