Calculation of Optional Amount Shares. The number of shares of Common Stock to be issued in connection with the exercise of an Optional Amount shall be the quotient determined pursuant to the following equation (rounded to the nearest whole Share):
Appears in 8 contracts
Samples: Common Stock Purchase Agreement (Arena Pharmaceuticals Inc), Common Stock Purchase Agreement (Durect Corp), Common Stock Purchase Agreement (NeoStem, Inc.)
Calculation of Optional Amount Shares. The number of shares of Common Stock to be issued in connection with the exercise of an Optional Amount shall be the quotient determined pursuant to the following equation (rounded to the nearest whole Share):): O = A/(B x C), where: O = the number of shares of Common Stock to be issued in connection with such Optional Amount exercise, A = the Optional Amount Exercise Amount with respect to which the Investor has delivered an Optional Amount Notice, B = 0.94, and C = the Optional Amount Floor Price.
Appears in 3 contracts
Samples: Common Stock Purchase Agreement (DryShips Inc.), Common Stock Purchase Agreement (DryShips Inc.), Common Stock Purchase Agreement (DryShips Inc.)
Calculation of Optional Amount Shares. The number of shares of Common Stock to be issued in connection with the exercise of an Optional Amount shall be the quotient determined pursuant to the following equation (rounded to the nearest whole Share):): O = A/(B x C), where: O = the number of shares of Common Stock to be issued in connection with such Optional Amount exercise, A = the Optional Amount Dollar Amount with respect to which the Investor has delivered an Optional Axxxxx Xxxxxx,
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Dynavax Technologies Corp)
