Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares of Class B Common Stock shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Warrant Base Price on the date of exercise. Fractional shares of Series C Preferred Stock shall be issued, if necessary.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Babcock & Wilcox Co), Stock Purchase Warrant (Usec Inc), Stock Purchase Warrant (Usec Inc)
