X = Y (A-B) ------- A Sample Clauses

X = Y (A-B) ------- A. Where X = the number of shares of Common Stock to be issued to the holder Y = the number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being exercised (at the date of such calculation) A = the Fair Market Value of one share of the Company's Common Stock (at the date of such calculation) B = Purchase Price (as adjusted to the date of such calculation)
X = Y (A-B) ------- A. Where: X = the number of shares of Common Stock to be issued to Holder. Y = the number of shares of Common Stock purchasable under the amount of the Warrant being exchanged (as adjusted to the date of such calculation). A = the Fair Market Value of one share of the Common Stock. B = Purchase Price (as adjusted to the date of such calculation).
X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.7. Y = the number of shares of Warrant Stock as to which this Warrant is being net exercised. A = the fair market value of one share of Warrant Stock, as determined in good faith by the Company's Board of Directors, as at the time the net exercise election is made pursuant to this Section 2.7. B = the Warrant Price. The Company will promptly respond in writing to an inquiry by the Warrant Holder as to the then current fair market value of one share of Warrant Stock. For purposes of the above calculation, fair market value of one share of Warrant Stock shall be the product of (i) the average of the closing bid and asked prices of the Common Stock quoted in the Over-The-Counter Market Summary or the last reported sale price of the Common Stock or the closing price quoted on the Nasdaq National Market or on any exchange on which the Common Stock is listed, whichever is applicable, as published in the Eastern Edition of The Wall Street Journal, for the five (5) trading days prior to the date of determination of fair market value and (ii) the number of shares of Common Stock into which each share of Warrant Stock is convertible, if applicable, at the time of such exercise; provided, however, if there is no public market for the Company's Common Stock at the time of such exercise, the fair market value shall be determined by the Company's Board of Directors in good faith.
X = Y (A-B) ------- A. Where X = the number of shares of Common Stock to be issued to the Optionee Y = the number of shares of Common Stock purchasable under the Option or, if only a portion of the Option is being exercised, the portion of the Option being canceled (at the date of such calculation) A = the fair market value of one share of the Company's Common Stock (at the date of such calculation) B = Per Share Exercise Price (as adjusted to the date of such calculation) For purposes of the above calculation, fair market value of one share of the Company's Stock will be the average of the closing prices of the Company's shares of Common Stock as quoted on the OTC Bulletin Board (the "OTCBB") (or on such other United States stock exchange or public trading market or quotation medium on or by which the shares of the Company trade or are quoted if, at the time of the election, they are not trading or being quoted on the OTCBB), for the five (5) consecutive trading days immediately preceding the date of the date the completed, executed Notice of Exercise and Subscription Form is received.
X = Y (A-B) ------- A. Where X = the number of shares of Common Stock to be issued to the holder. Y = the number of shares of Common Stock purchasable under this Warrant (at the date of such calculation). A = the Market Value of the Company's Common Stock on the business day immediately preceding the day on which the Notice of Cashless Exercise is received by the Company. B = Warrant Price (as adjusted to the date of such calculation).
X = Y (A-B) ------- A where X = the number of shares to be issued to the Holder pursuant to this Section. Y = the number of shares covered by this Warrant in respect of which the net issue election is made pursuant to this Section. A = the fair market value of one share of Warrant Stock, which shall equal the asking price per share for the Company's Common Stock as quoted on the Nasdaq National Market at the time when the Exercise Notice attached hereto as Exhibit A has been received by the Company or the brokerage agent to whom the Company has instructed the Holder to deliver such notice. B = the Warrant Price in effect at the time the net issue election is made pursuant to this Section.
X = Y (A-B) ------- A. Where X = the number of Shares to be issued to the Holder; Y = the number of Shares purchasable under this Warrant, or if only a portion of this Warrant is being cancelled, the gross number of Shares covered by the portion of this Warrant being cancelled; A = the fair market value of one Share, as determined by the Board of Directors of the Company pursuant to paragraph (b) below, as at the time the net issue election is made pursuant to this Section (the "Determination Date"); and B = the Exercise Price (as adjusted to the date of such calculations). Such Shares shall be issued as soon as practicable after the Determination Date.
X = Y (A-B) ------- A. Where X = the number of the Shares to be issued to the Holder. Y = the number of the Shares purchasable under this Warrant. A = the fair market value of one Share on the date of determination. B = the per share Exercise Price (as adjusted to the date of such calculation).
X = Y (A-B) ------- A. Where X = the number of Shares to be issued to the Holder. Y = the number of Shares subject to this Warrant or, if only a portion of this Warrant is being exercised, the portion of this Warrant being canceled (at the time of such calculation). A = the Fair Market Value of one Share (at the date of such calculation). B = the Exercise Price (as adjusted to the date of such calculation).
X = Y (A-B) ------- A. Where X = the number of shares of Common Stock to be issued to the Holder pursuant to this Section 4.2. Y = the number of shares of Common Stock covered by this Warrant in respect of which the net issue election is made pursuant to this Section 4.2. A = the Fair Market Value of one share of Common Stock, as determined in accordance with Section 7 herein, as at the time the net issue election is made pursuant to this Section 4.2. B = the Exercise Price in effect under this Warrant at the time the net issue election is made pursuant to this Section 4.2.