Common use of Number of Shares on conversion Clause in Contracts

Number of Shares on conversion. In lieu of exercising this Warrant as specified in Article 1.1, Holder may, at any time before the expiration date of this Warrant, convert this Warrant on a cashless basis, in whole or in part, into a number of Shares determined by dividing (a) the aggregate Fair Market Value of the Shares or other securities otherwise issuable upon exercise of this Warrant (or the portion thereof being exercised) minus the aggregate Warrant Price of such Shares by (b) the Fair Market Value of one Share. The Fair Market Value of the Shares shall be determined pursuant to Article 1.2.2.

Number of Shares on conversion. In lieu of exercising this Warrant as specified in Article 1.1, Holder may, at any time before the expiration date of this Warrant, convert this Warrant on a cashless basis, in whole or in part, into a number of Shares Units determined by dividing (a) the aggregate Fair Market Value of the Shares Units or other securities otherwise issuable upon exercise of this Warrant (or the portion thereof being exercised) minus the aggregate Warrant Price of such Shares Units by (b) the Fair Market Value of one ShareUnit. The Fair Market Value of the Shares Units shall be determined pursuant to Article 1.2.2.