Fractions of Shares Sample Clauses

Fractions of Shares. No fractional shares of Common Stock shall be issued upon conversion of any Security or Securities. If more than one Security shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof) so surrendered. Instead of any fractional share of Common Stock which would otherwise be issuable upon conversion of any Security or Securities (or specified portions thereof), the Company shall calculate and pay a cash adjustment in respect of such fraction (calculated to the nearest 1/100th of a share) in an amount equal to the same fraction of the Closing Price Per Share at the close of business on the day of conversion.
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Fractions of Shares. 29 Section 8.4
Fractions of Shares. No fractional share of Common Stock shall be issued upon conversion of Securities. If more than one Security shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof) so surrendered. Instead of any fractional share of Common Stock which would otherwise be issuable upon conversion of any Security or Securities (or specified portions thereof), the Company shall pay a cash adjustment in respect of such fraction in an amount equal to the same fraction of the Closing Price (as hereinafter defined) at the close of business on the day of conversion (or, if such day is not a Trading Day (as hereafter defined), on the Trading Day immediately preceding such day).
Fractions of Shares. 76 SECTION 12.4 Adjustment of Conversion Rate................................................. 76 SECTION 12.5 Notice of Adjustments of Conversion Rate...................................... 81 SECTION 12.6
Fractions of Shares. 61 SECTION 10.4 Adjustment of Conversion Rate................................................61 SECTION 10.5 Notice of Adjustments of Conversion Rate.....................................66 SECTION 10.6 Notice of Certain Corporate Action...........................................67 SECTION 10.7 Company to Reserve Common Stock..............................................68 SECTION 10.8 Taxes on Conversions.........................................................68 SECTION 10.9 Covenant as to Common Stock..................................................68 SECTION 10.10
Fractions of Shares. The Company may, but shall not be required to, issue a fraction of a Warrant Share upon the exercise of this Warrant in whole or in part. As to any fraction of a share which the Company elects not to issue, the Company shall make a cash payment in respect of such fraction in an amount equal to the same fraction of the Fair Market Value of a Warrant Share on the date of such exercise.
Fractions of Shares. 109 SECTION 11.4 Adjustment of Conversion Rate...............................................110 SECTION 11.5 Notice of Adjustments of Conversion Rate....................................117 SECTION 11.6 Notice of Certain Corporate Action..........................................118 SECTION 11.7 Company to Reserve Common Stock.............................................119 SECTION 11.8 Taxes on Conversions........................................................119 SECTION 11.9 Covenant as to Common Stock.................................................120 SECTION 11.10 Cancellation of Converted Securities........................................120 SECTION 11.11 Provision in Case of Consolidation, Merger or Sale of Assets................120 SECTION 11.12 Responsibility of Trustee for Conversion Provisions.........................
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Fractions of Shares. No fractional Common Shares shall be issued upon conversion of any Note or Notes. If more than one Note shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issued upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof) so surrendered. Instead of any fractional Common Shares which would otherwise be issued upon conversion of any Note or Notes (or specified portions thereof), the Issuer shall pay a cash adjustment in respect of such fraction (calculated to the nearest one-100th of a share) in an amount equal to the same fraction of the Closing Price of the Common Shares as of the Trading Day preceding the date of conversion.
Fractions of Shares. 64 SECTION 12.04.
Fractions of Shares. No fractional shares of Common Stock or scrip representing fractions of shares shall be issued upon conversion of Securities. If more than one Security of a series shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof) of that series so surrendered. Instead of any fractional share of Common Stock which would otherwise be issuable upon conversion of any Security or Securities (or specified portions thereof), the Company shall pay to the Holder of such Security an amount in cash (computed to the nearest cent) based upon the closing price of the Common Stock on the Business Day immediately preceding the date of conversion.
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