Common use of Calculation of Optional Amount Shares Clause in Contracts

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 Amount Notice, B = the applicable percentage set forth in the column entitled “Discount Price” for the row corresponding to the applicable Threshold Price in Section 2.2 (with the Optional Amount Threshold Price serving as the Threshold Price for such purposes), and C = the greater of (i) the VWAP for the Common Stock on the day the Investor delivers the Optional Amount Notice or (ii) the Optional Amount Threshold Price.

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 Amount NoticeXxxxxx Xxxxxx, B = the applicable percentage set forth in the column entitled “Discount Price” for the row corresponding to the applicable Threshold Price in Section 2.2 (with the Optional Amount Threshold Price serving as the Threshold Price for such purposes), and C = the greater of (i) the VWAP for the Common Stock on the day the Investor delivers the Optional Amount Notice or (ii) the Optional Amount Threshold Price.