Cashless (Net Issue) Exercise Sample Clauses

Cashless (Net Issue) Exercise. In lieu of exercising this Warrant, the Holder may elect to receive Warrant Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the Holder a number of Warrant Shares computed using the following formula: Where:
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Cashless (Net Issue) Exercise. In lieu of paying the Exercise Price in respect of any Warrant Share(s) in cash, the Holder, at its option, may exercise this Warrant (in whole or in part) on a cashless basis by making appropriate notation on the applicable Exercise Form, in which event the Company shall issue to the Holder a number of Warrant Shares computed using the following formula (a “Cashless Exercise”): Where: X = the number of the Warrant Shares to be issued to the Holder. Y = the number of Warrant Shares with respect to which the Warrant is exercised. A = the fair market value of one share of Common Stock on the Exercise Date. B = the Exercise Price (as adjusted to the date of such calculation). For purposes of this Section 2(c), the “fair market value” of one share of Common Stock on the date of determination shall mean:
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Cashless (Net Issue) Exercise. In lieu of paying the Exercise Price in respect of any Warrant Share(s) in cash, the Holder, at its option, may exercise this Warrant (in whole or in part) on a cashless basis by making appropriate notation on the applicable Exercise Form, in which event the Company shall issue to the Holder a number of Warrant Shares computed using the following formula (a “Cashless Exercise”): Where:
Sample 1
Cashless (Net Issue) Exercise. 1.3.1 Notwithstanding any provisions herein to the contrary, if the Current Market Price of one Share is greater than the Purchase Price, in lieu of exercising this Warrant by payment with cash, certified check, or wired funds, the Holder may elect to receive that number of Shares (as determined below) equal to the value of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the corporate office of the Company together with the duly executed form of Subscription Agreement and notice of such election, in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = (Y (A-B))/A Where X = the number of shares of Common Stock to be issued to the Holder Y = the gross number of shares of Common Stock to be purchased A = the Current Market Price of one Share of the Company's Common Stock on the day prior to exercise hereunder.
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Related to Cashless (Net Issue) Exercise

  • Cashless Exercise If at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

  • Cashless Exercise at Company’s Option If the Ordinary Shares are at the time of any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, (i) require holders of Public Warrants who exercise Public Warrants to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act as described in subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the Ordinary Shares issuable upon exercise of the Warrants, notwithstanding anything in this Agreement to the contrary, and (y) use its commercially reasonable efforts to register or qualify for sale the Ordinary Shares issuable upon exercise of the Public Warrant under applicable blue sky laws to the extent an exemption is not available.

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