the Cashless Exercise Ratio. The “Cashless Exercise Ratio” shall equal a fraction, the numerator of which is (a) the Closing Price per share of Common Stock on the exercise date minus (b) the Warrant Price per share on the exercise date and the denominator of which is the Closing Price per share of the Common Stock on the exercise date.
Appears in 2 contracts
Samples: Warrant Agreement (Far East Energy Corp), Warrant Agreement (Far East Energy Corp)
the Cashless Exercise Ratio. The “Cashless Exercise Ratio” Ratio shall equal a fraction, fraction the numerator of which is (a) the Closing Price Market Value per share of Common Stock on the date of exercise date minus (b) the Warrant Exercise Price per share on as of the date of exercise date and the denominator of which is the Closing Price Market Value per share of the Common Stock on the exercise datedate of exercise.
Appears in 2 contracts
Samples: Warrant Agreement (Price Communications Corp), Warrant Agreement (Price Communications Corp)
