Common use of Fractions of Shares Clause in Contracts

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.

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 that shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Securities (or or, in the case of Registered Securities, specified portions thereof) of that series so surrendered. Instead of any fractional share of Common Stock which that would otherwise be issuable upon conversion of any Security or Securities (or or, in the case of Registered Securities, specified portions thereof), the Company shall pay a cash adjustment in respect of such fraction in an amount equal to the Holder of such Security an amount in cash (computed to the nearest cent) based upon the closing price same fraction of the Common Stock Closing Price at the close of business on the Business Day immediately preceding the date of conversion.

Fractions of Shares. No fractional shares of Series A 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 that shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Securities (or or, in the case of Registered Securities, specified portions thereof) of that series so surrendered. Instead of any fractional share of Series A Common Stock which that would otherwise be issuable upon conversion of any Security or Securities securities (or or, in the case of Registered Securities, specified portions thereof), the Company shall pay a cash adjustment in respect of such fraction in an amount equal to the Holder of such Security an amount in cash (computed to the nearest cent) based upon the closing price same fraction of the Common Stock Closing Price at the close of business on the Business Day immediately preceding the date of conversion.

Fractions of Shares. No fractional shares of Common Stock or scrip representing fractions of shares shall be issued upon conversion of any Convertible Security or Securities. If more than one Convertible Security of a series shall be surrendered for conversion at one time by the same HolderSecurityholder, 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 Convertible Securities (or specified portions thereof) of that series so surrendered. Instead of any fractional share of Common Stock which that would otherwise be issuable upon conversion of any Convertible Security or Securities (or specified portions thereof), the Company Corporation shall calculate and pay to the Holder a cash adjustment in respect of such Security an amount in cash fraction (computed calculated to the nearest cent1/100th of a share) based upon in an amount equal to the closing price same fraction of the Common Stock Closing Price Per Share at the close of business on the Business Day immediately preceding the date day of conversion.