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 Units determined by dividing (a) the aggregate Fair Market Value of the Units or other securities otherwise issuable upon exercise of this Warrant (or the portion thereof being exercised) minus the aggregate Warrant Price of such Units by (b) the Fair Market Value of one Unit. The Fair Market Value of the Units 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 Units Shares determined by dividing (a) the aggregate Fair Market Value of the Units Shares or other securities otherwise issuable upon exercise of this Warrant (or the portion thereof being exercised) minus the aggregate Warrant Price of such Units Shares by (b) the Fair Market Value of one UnitShare. The Fair Market Value of the Units Shares shall be determined pursuant to Article 1.2.2.