Exercise on a Net-Issuance Basis. In lieu of payment to the Company of the Exercise Price per Warrant Share, as set forth in Subsection 2.1 above, a Warrant-Holder may exercise the Warrant (or any portion thereof), into the number of Ordinary Shares calculated pursuant to the following formula, by delivering the Warrant to the Company, accompanied by a written notice of exercise, specifying the number of shares for which the Warrant-Holder desires to exercise the Warrant: X = Y(A - B) Where:
Appears in 6 contracts
Samples: Warrant Agreement (Itamar Medical Ltd.), Warrant Agreement (Itamar Medical Ltd.), Warrant Agreement (Itamar Medical Ltd.)
