Common use of Cashless Settlement Clause in Contracts

Cashless Settlement. If Cashless Settlement applies to such exercise, a number of shares of Common Stock equal to the greater of (x) zero; and (y) an amount equal to: where: WE = the Warrant Entitlement in effect immediately after the Close of Business on the Exercise Date for such exercise; VP = the Last Reported Sale Price per share of Common Stock on the Exercise Date for such exercise; and SP = the Strike Price in effect immediately after the Close of Business on such Exercise Date.

Cashless Settlement. If Cashless Settlement applies to such exerciseExercise, a number of shares of Common Stock equal to the greater of (x) zero; and (y) an amount equal to: where: WE N = the number of Underlying Shares of such Warrant Entitlement in effect immediately after the Close of Business on the Exercise Date for such exercisethat are being so Exercised; VP = the Last Reported Sale Price per share of Common Stock on the Exercise Date for such exerciseExercise; and SP = the Strike Price in effect immediately after the Close of Business on such Exercise Date.