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 or not this Warrant is being exercised in full or in part 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 ExerciseCASHLESS EXERCISE". The Holder may use the Cashless Exercise option whether or not this Warrant is being exercised in full or in part 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 part 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 part and whether or not part. "Cashless Exercise Ratio" means a fraction, the Holder elects to pay any portion numerator of which is the excess of the aggregate Market Value per share of Common Stock on the date of exercise over the Exercise Price in cashper 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.

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 .” 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 or not this Warrant is being exercised in full or in part and whether or not shall be equal to the number of shares of Common Stock issuable upon the exercise of Warrants that the Holder elects specifies are to pay any portion of the aggregate be exercised pursuant to a Cashless Exercise Price in cash.multiplied by the

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 part and whether or not the Holder elects to pay any portion of the aggregate Exercise Price in cashpart.