Exercise Price Amount definition

Exercise Price Amount means (i) with respect to each Company Vested Option, the product of (a) the price per share of Company Common Stock at which the holder of such Company Vested Option may purchase shares of Company Common Stock upon exercise of such Company Vested Option multiplied by (b) the corresponding number of shares of Company Common Stock issuable upon exercise of such Company Vested Options, and (ii) with respect to each Company Warrant, the product of (a) the price per share of Company Common Stock at which the holder of such Company Warrant may purchase shares of Company Common Stock upon exercise of such Company Warrant multiplied by (b) the corresponding number of shares of Company Common Stock issuable upon exercise of such Company Warrant.
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Exercise Price Amount means an amount equal to $3,990,822 less an amount equal to the aggregate exercise prices of all Company Options and Company Warrants that are exercised on a cashless basis (i.e. where the Company issued the Securityholder shares of Company Common Stock representing the number shares as to which the Company Option or Company Warrant was exercised, less the number of shares of Company Common Stock as then had, in the aggregate, a fair market value, as determined by the board of directors of Company, equal to the aggregate exercise price) from the date of this Agreement through, but not including, the Effective Time. For the avoidance of doubt, if any Company Options or Company Warrants are exercised after the date of this Agreement but before the Effective Time by the payment of the cash exercise price thereof, no adjustment for the cash exercise price will be made to the Exercise Price Amount (i.e., the Exercise Price Amount will not be reduced).
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Exercise Price Amount means the aggregate cash exercise price payable upon the exercise of all Company Options and Company Warrants exercisable solely for shares of Company Common Stock that are outstanding as of immediately prior to the Effective Time.
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Examples of Exercise Price Amount in a sentence

  • The Company shall have deposited with the Exchange Agent the Exercise Price Amount in accordance with Section 3.3(b).

  • Prior to or at the Closing, the Company shall use the full amount of the Excess Cash Amount and any portion of the Exercise Price Amount that has not been deposited by the Company with the Exchange Agent pursuant to Section 3.3(b) to pay the Closing Expense Amount.

  • Prior to or at the Closing, the Company shall use up to the full amount of the Excess Cash Amount and any portion of the Exercise Price Amount that has not been deposited by the Company with the Exchange Agent pursuant to Section 3.3(b) to pay the Closing Expense Amount.

  • Merger Cash payable to the holder of any XLI Warrant, other than a Private Warrant, shall be paid by the Exchange Agent to the holder of such XLI Warrant from the Exercise Price Amount delivered by the holder of such XLI Warrant to the Exchange Agent pursuant to this Section 4.