Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Shares for which this Purchase Option is exercisable (and in lieu of being entitled to receive Shares) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into a number of Shares (“Cashless Exercise Right”) equal to the product of (i) X and (ii) the quotient obtained by dividing [A-B] by (A):
Appears in 3 contracts
Samples: Underwriting Agreement (Scopus BioPharma Inc.), Share Purchase (Scopus BioPharma Inc.), Scopus BioPharma Inc.
Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Shares for which this Purchase Option Warrant is exercisable (and in lieu of being entitled to receive Shares) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option Warrant into a number of Shares (“Cashless Exercise Right”) equal to the product of (i) X and (ii) the quotient obtained by dividing [A-B] by (A):
Appears in 2 contracts
Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Shares Units for which this Purchase Option is exercisable (and in lieu of being entitled to receive SharesCommon Stock and Warrants) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into a number of Shares Units (“Cashless Exercise Conversion Right”) equal as follows: upon exercise of the Conversion Right, the Company shall deliver to the product of Holder (i) X and (ii) without payment by the quotient obtained by dividing [A-B] by (A):Holder of
Appears in 1 contract
Samples: China Healthcare Acquisition Corp.
Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Shares for which this Purchase Option is exercisable (and in lieu of being entitled to receive Shares) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into a number of Shares (the “Cashless Exercise Right”) equal to the product of (i) X and (ii) the quotient obtained by dividing [A-B] by (A):
Appears in 1 contract
