Common use of Fractional Shares of Common Stock Clause in Contracts

Fractional Shares of Common Stock. The Corporation shall not be obligated to deliver to the holders of Series 1 Preferred Stock any fraction(s) of a share of Common Stock upon a conversion of outstanding shares of Series 1 Preferred Stock pursuant to this Section 7, the Corporation being entitled to round down to the nearest whole share of Common Stock if the fraction is less than one-half (0.5) of one share of Common Stock, and round up to the nearest whole share of Common Stock if the fraction is equal to or greater than one-half (0.5) of one share of Common Stock.

Fractional Shares of Common Stock. The Corporation shall not be obligated to deliver to the holders of Series 1 B Preferred Stock any fraction(s) of a share of Common Stock upon a conversion of outstanding shares of Series 1 B Preferred Stock pursuant to this Section 76, the Corporation being entitled to round down to the nearest whole share of Common Stock if the fraction is less than one-half (0.5.5) of one share of Common Stock, and round up to the nearest whole share of Common Stock if of the fraction is equal to or greater than one-half (0.5.5) of one share of Common Stock.

Fractional Shares of Common Stock. The Corporation shall not be obligated to deliver to the holders of Series 1 B Preferred Stock any fraction(s) of a share of Common Stock upon a conversion redemption of outstanding shares of Series 1 B Preferred Stock pursuant to this Section 7, the Corporation being entitled to round down to the nearest whole share of Common Stock if the fraction is less than one-half (0.5.5) of one share of Common Stock, and round up to the nearest whole share of Common Stock if of the fraction is equal to or greater than one-half (0.5.5) of one share of Common Stock.