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 Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 4.1. The number of shares of Common Stock to be issued pursuant to this Section 4.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the 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 Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price (as defined in Section 4.3).

Exercise by Surrender of Warrant. In addition to the method of -------------------------------- payment set forth in Section 3.1 2 and in lieu of any cash payment required thereunder, the Holder(s) of the Warrants Holder shall have the right at any time and from time to time to exercise the Warrants Warrant in full or in part by surrendering the Warrant Certificate and the Notice of Exercise in the manner specified in Section 4.12 hereof. The number of shares Shares of Common Stock to be issued pursuant to this Section 4.2 3 shall be equal to the difference between between: (a) the number of shares Shares of Common Stock in respect of which the Warrants are exercised and Warrant is exercised; and (b) a fraction, the numerator of which shall be the number of shares of Common Stock Shares in respect of which the Warrants are this Warrant is exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price (as defined in Section 4.3)4 hereof) of the Common Stock.

Exercise by Surrender of Warrant. In addition to the method of -------------------------------- payment set forth in Section 3.1 4.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 4.1. The number of shares of Common Stock Warrant Securities to be issued pursuant to this Section 4.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the Warrants are exercised and (b) a fraction, the numerator of which shall be the product of the number of shares of Common Stock in respect of which the Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) per Warrant Security and the denominator of which shall be the Market Price (as of a Share of Common Stock(as defined in Section 4.3).

Exercise by Surrender of Warrant. In addition to the method of -------------------------------- payment set forth in Section 3.1 4.1 and in lieu of any cash payment required thereunder, the Holder(s) of the Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 4.1. The number of shares of Common Stock to be issued pursuant to this Section 4.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the 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 Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price (as defined in Section 4.3).

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 Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 4.13.1. The number of shares of Common Stock to be issued pursuant to this Section 4.2 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the 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 Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price (as defined in Section 4.33.3).

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 Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 4.13.1. The number of shares of Common Stock to be issued pursuant to this Section 4.2 3.2 shall be equal to the difference between (a) the number of shares of Common Stock in respect of which the 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 Warrants are exercised multiplied by the Exercise Price (as hereinafter defined) and the denominator of which shall be the Market Price (as defined in Section 4.3)Price.