Payment of Warrant Exercise Price for Cash Exercise or Cashless Exercise Cashless Default Exercise Sample Clauses

Payment of Warrant Exercise Price for Cash Exercise or Cashless Exercise Cashless Default Exercise 
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Related to Payment of Warrant Exercise Price for Cash Exercise or Cashless Exercise Cashless Default Exercise

  • Cash Exercise The Holder may deliver immediately available funds; or

  • Cashless Exercise If at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

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