Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price as of the Exercise Date.
Appears in 48 contracts
Samples: Securities Purchase Agreement (Photomedex Inc), Securities Purchase Agreement (Ener1 Inc), Bookham, Inc.
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price as of the Exercise Date.
Appears in 15 contracts
Samples: Note Purchase Agreement (SkyShop Logistics, Inc.), Note Purchase Agreement (SkyPostal Networks, Inc.), Securities Purchase Agreement (Lipid Sciences Inc/)
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price market price as of the Exercise Date.
Appears in 5 contracts
Samples: Omni Energy Services Corp, Omni Energy Services Corp, Singing Machine Co Inc
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price (as defined in the Series B Warrants) as of the Exercise Date.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Raptor Networks Technology Inc), Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Raptor Networks Technology Inc)
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price closing price of the Company’s Common Stock as of the Exercise Date.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Lipid Sciences Inc/), American Spectrum Realty Inc, Lipid Sciences Inc/
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. IfIf any fractional interest in a share of Common Stock would, on except for the provisions of the first sentence of this Section 5, be deliverable upon the exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such delivering the fractional shareshare therefor, pay to the Holder exercising this Warrant an amount in cash equal to the product resulting from multiplying such fraction by the Market Price as of the Exercise Datesuch fractional interest.
Appears in 2 contracts
Samples: Medical Transcription Billing, Corp, Medical Transcription Billing, Corp
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common Stock. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Trading Price as of the Exercise Date.
Appears in 1 contract
Samples: Ener1 Inc
Fractional Interests. No fractional shares or scrip representing fractional shares shall be issuable upon the exercise of this Warrant, but on exercise of this Warrant, the Holder hereof may purchase only a whole number of shares of Common StockOrdinary Shares. If, on exercise of this Warrant, the Holder hereof would be entitled to a fractional share of Common Stock Ordinary Shares or a right to acquire a fractional share of Common StockOrdinary Shares, the Company shall, in lieu of issuing any such fractional share, pay to the Holder an amount in cash equal to the product resulting from multiplying such fraction by the Market Price as of the Exercise Date.
Appears in 1 contract
Samples: Mer Telemanagement Solutions LTD