Notwithstanding the foregoing, no Cashless Exercise shall be permitted if, as the result of any adjustment made pursuant to Section 12, at the time of such Cashless Exercise, Warrant Shares include a Cash component and the Company would be required to pay Cash to a Warrantholder upon an exercise of Warrants.
Cashless Exercise means a Cashless Exercise as defined in Section 6.3(b)(i).
Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.
Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:
Warrant Exercise Price means $0.01 per share.
Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;
Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).
Warrant Shares means the shares of Common Stock issuable upon exercise of the Warrants.
Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.
Initial Warrant Exercise Date means __________, 1997.
Option Exercise Notice has the meaning provided in Section 3.6 below.
Warrant Stock means Common Stock issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant to any Warrant or Warrants.
Exercise Notice has the meaning set forth in Section 3.2(1);
Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.
Demand Exercise Notice has the meaning set forth in Section 2.1(a).
this Warrant means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.
Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
Cash Exercise with respect to Warrant Shares; and/or
Call Warrant As defined in the recitals.
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Exercise Shares means shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.
Warrant Securities means this Warrant and the Warrant Shares, collectively.
Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.
Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).
Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.
Option Exercise Period has the meaning set forth in Section 5.3(c).
Company Convertible Securities means, collectively, any other options, warrants or rights to subscribe for or purchase any capital shares of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital shares of the Company.