Common use of the Cashless Exercise Ratio Clause in Contracts

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISE". The Holder may use the Cashless Exercise option whether this Warrant is being exercised in full or in part.

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) the immediately preceding sentence is herein called a "CASHLESS EXERCISE"“Cashless Exercise”. The For U.S. tax purposes, the Company and the Initial Holder may use the agree to treat an exercise of Warrants pursuant to a Cashless Exercise option whether this Warrant is being exercised in full or in part.as a “recapitalization” within the meaning of Section 368(a)(1)(E) of the Internal Revenue Code of 1986, as amended. All provisions of this

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISECashless Exercise". The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in partpart and whether or not the Holder elects to pay any portion of the aggregate Exercise Price in cash.

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISE". The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in partpart and whether or not the Holder elects to pay any portion of the aggregate Exercise Price in cash.

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISE"“Cashless Exercise”. The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in partpart and whether or not the Holder elects to pay any portion of the aggregate Exercise Price in cash.

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) the immediately preceding sentence is herein called a "CASHLESS EXERCISE". The Holder may use “Cashless Exercise.” Upon surrender of a Warrant Certificate representing more than one Warrant in connection with the Holder’s option to elect a Cashless Exercise, the number of shares of Common Stock deliverable upon a Cashless Exercise option whether this Warrant is being shall be equal to the number of shares of Common Stock issuable upon the exercise of Warrants that the Holder specifies are to be exercised in full or in part.pursuant to a Cashless Exercise multiplied by the

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISECashless Exercise". The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in part.

the Cashless Exercise Ratio. An exercise of a Warrant in accordance with this clause (b) is herein called a "CASHLESS EXERCISECashless Exercise". The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in part. "Cashless Exercise Ratio" means a fraction, the numerator of which is the excess of the Market Value per share of Common Stock on the date of exercise over the Exercise Price per share as of the date of exercise and the denominator of which is the Market Value per share of the Common Stock on the date of exercise.