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