Common use of Exercise by Surrender of Warrant Clause in Contracts

Exercise by Surrender of Warrant. (a) 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 exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of shares of Common Stock equal to the product of (x) the number of shares to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 8.1 (vi) hereof) of the Common Stock less the Exercise Price and the denominator of which is such Market Price.

Exercise by Surrender of Warrant. (a) (1) In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, thereunder the Holder(s) of the Warrants shall have the right at any time to and from time to time exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of shares of Common Stock equal to the product of (x) the number of shares to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 8.1 (vi) hereof) of the Common Stock less the Exercise Price and the denominator of which is such Market Price.

Exercise by Surrender of Warrant. (a) 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) Holder of the Warrants shall have the right at any time and from time to time exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of shares of Common Stock equal to the product of (x) the number of shares to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 8.1 (vi) hereof) of the Common Stock less the Exercise Price and the denominator of which is such Market Price.

Exercise by Surrender of Warrant. (a) 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 3.1 in exchange for the number of shares of Common Stock equal to the product of (x) the number of shares to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 8.1 (vi) hereof) of the Common Stock less the Exercise Price and the denominator of which is such Market Price.

Exercise by Surrender of Warrant. (a) (1) In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, thereunder the Holder(s) of the Warrants shall have the right at any time to and from time to time exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of shares of Common Stock equal to the product of (x) the number of shares to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 8.1 (vi8.1(vi) hereof) of the Common Stock less the Exercise Price and the denominator of which is such Market Price.