Common use of Exercise by Surrender of Warrant Clause in Contracts

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the applicable Warrant Certificate Certificates in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.exercised

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.13.1 hereof. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market PricePrice (as defined in Section 3.3 hereof) of the Common Stock. The number of Underlying Redeemable Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Redeemable Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Redeemable Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.Price (as defined in Section 3.3 hereof) of the Redeemable Warrants. Solely for the purposes of this paragraph, Market Price shall be calculated either (i) on the date on which the form of election attached hereto is deemed to have been sent to the Company pursuant to Section 14

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the applicable Warrant Certificate Certificates in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.3

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the applicable Warrant Certificate Certificates in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the applicable Warrant Certificate Certificates in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.are

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.13.1 hereof. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market PricePrice (as defined in Section 3.3 hereof) of the Common Stock. The number of Underlying Redeemable Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Redeemable Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Redeemable Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.Price (as defined in Section 3.3 hereof) of the Redeemable Warrants. Solely for the purposes of this paragraph, Market Price shall be calculated either (i) on the date which the form of election attached hereto is deemed to have

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.13.1 hereof. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market PricePrice (as defined in Section 3.3 hereof) of the shares of Common Stock. The number of Underlying Redeemable Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Redeemable Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Redeemable Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.Price (as defined in Section 3.3 hereof) of the Redeemable Warrants. Solely for the purposes of this Section 3.2, Market Price shall be calculated either (i) on the date on which the form of election attached hereto is deemed to have been sent

Exercise by Surrender of Warrant. In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Underwriter's Warrants shall have the right at any time and from time to time to exercise the Underwriter's Warrants in full or in part by surrendering the applicable Warrant Certificate Certificates in the manner specified in Section 3.1. The number of shares of Common Stock to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of shares of Common Stock in respect of which the Underwriter's Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price. The number of Underlying Warrants to be issued pursuant to this Section 3.2 shall be equal to the difference between (a) the number of Underlying Warrants in respect of which the Underwriter's Warrants are exercised and (b) a fraction, the numerator of which shall be the number of Underlying Warrants in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price.the