Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate Warrant Price in the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may elect to receive Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:
Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate WarrantExercise Price in the manner as specified in Section 1.2.1 above, butabove (but otherwise in accordance with the requirements of Section 1.1,such Section), Holder may elect to receivesurrender to the Company Shares having an aggregate value equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon,aggregate Exercise Price. If Holder makes such election, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed usingdetermined by the following formula:
Cashless Exercise. On any exercise of this Warrant, inIn lieu of exercising this Purchase Warrant by payment of cash or check payable to the aggregate Warrant Price inorder of the manner as specified inCompany pursuant to Section 1.2.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may elect to receive the number of Shares equal to the value of this Warrant, orPurchase Warrant (or the portion hereof asthereof being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached hereto, in which this Warrant is being exercised. Thereupon,event the Company shallwill issue to the Holder such number of fully paid and non-assessable Shares as are computed usingin accordance with the following formula:
Cashless Exercise. OnIf at the time of any exercise of this Warrant,Warrant a registration statement is not available for the issuance of the Warrant Shares, then this Warrant may also be exercised at the Holder’s election, in whole or in part and in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise, at such time by means of a “cashless exercise” in which the aggregate Warrant Price in the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may electshall be entitled to receive a number of Warrant Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:quotient obtained by dividing by (A), where:
Cashless Exercise. OnIf at any exercise of this Warrant, in lieu of paymenttime after the Initial Exercise Date, there is no effective Registration Statement registering, or no current prospectus available for the resale of the aggregate Warrant PriceShares by the Holder, then this Warrant may also be exercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may electshall be entitled to receive a number of Warrant Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:quotient obtained by dividing by (A), where:
Cashless Exercise. OnNotwithstanding any other provision contained herein or in any other Transaction Document to the contrary, at any time prior to the Expiration Date, Investor may elect a cashless exercise of this Warrant, in lieuWarrant for any Warrant Shares whereby Investor shall be entitled to receive a number of paymentshares of Common Stock equal to # the excess of the Current Market Value over the aggregate WarrantExercise Price inof the manner as specified in Section 1.1 above, but otherwise in accordance withExercise Shares, divided by # the requirements of Section 1.1, Holder may elect to receive Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:Adjusted Price.
Cashless Exercise. OnIf at any exercise of this Warrant, in lieu of paymenttime after the Initial Exercise Date, there is no effective Registration Statement registering, or no current prospectus available for the resale of the aggregate Warrant PriceShares by the New Purchaser, then this Warrant may also be exercised at the New Purchaser’s election, in whole or in part, at such time by means of a “cashless exercise” in which the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may electNew Purchaser shall be entitled to receive a number of Warrant Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:quotient obtained by dividing by (A), where:
Cashless Exercise. OnNotwithstanding any other provision contained herein or in any other Transaction Document to the contrary, at any time prior to the Expiration Date, Investor may elect a “cashless” exercise of this Warrant, in lieuWarrant for any Warrant Shares whereby Investor shall be entitled to receive a number of paymentshares of Common Stock equal to # the excess of the Current Market Value over the aggregate WarrantExercise Price inof the manner as specified in Section 1.1 above, but otherwise in accordance withExercise Shares, divided by # the requirements of Section 1.1, Holder may elect to receive Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:Adjusted Price.
Cashless Exercise. On any exercisePayment of this Warrant, in lieu of payment of the aggregate Warrant Price in the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may elect to receive Shares equalExercise Price. Notwithstanding anything contained herein to the value of this Warrant, or portion hereof ascontrary, the Holder may, in its sole discretion, satisfy its obligation to pay the Exercise Price through a net share exercise, in which this Warrant is being exercised. Thereupon,event the Company shall issue to the Holder suchthe number of fully paid and non-assessableWarrant Shares determined as are computed using the following formula:follows:
Cashless Exercise. OnIf at any exercise of this Warrant, in lieu of paymenttime after the six month anniversary of the aggregatedate of the Purchase Agreement, there is no effective Registration Statement registering, or no current prospectus available for, the resale of the Warrant PriceShares by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may electshall be entitled to receive a number of Warrant Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:quotient obtained by dividing by (A), where:
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