Alternative Cashless Exercise. Notwithstanding any provision herein to the contrary, in lieu of exercising a Warrant as set forth above, the Holder may exercise a Warrant by electing to receive that number of Shares as determined below by surrendering to the Company such Warrant Certificate, with the applicable election to purchase such Share(s) duly completed and signed by the Holder, in which event the Company shall deliver to the Holder the number of Shares computed using the following formula: S = WS (MP – PP) where:
Appears in 3 contracts
Samples: Warrant Agreement (Media General Inc), Asset Purchase Agreement (Media General Inc), Credit Agreement (Media General Inc)
Alternative Cashless Exercise. Notwithstanding any provision herein to the contrary, in lieu of exercising a Warrant as set forth above, the a Holder may exercise a Warrant by electing to receive that number of Shares as determined below by surrendering to the Company such Warrant CertificateWarrant, with the applicable election to purchase such Share(s) Shares duly completed and signed by the Holder, in which event the Company shall deliver issue to the Holder the number of Shares computed using the following formula: S = WS (MP – PP) where:
Appears in 1 contract
Samples: Warrant Agreement (Grubb & Ellis Co)
