Common use of Net Cash Settlement Clause in Contracts

Net Cash Settlement. If the Company elects Net Cash Settlement, the Company shall, (A) if the Common Stock at the time of such election is not listed on a national securities exchange, use its best efforts to as soon as possible, and no more than sixty days after, and (B) if the Common Stock at the time of such election is listed on a national securities exchange, within a reasonable time, not to exceed five Business Days, after the date on which this Warrant has been duly exercised in accordance with the terms of this Warrant, pay to the exercising Warrantholder the Aggregate Net Cash Settlement Amount.