Net Exercise Election. In lieu of exercise as provided in Section 4.1 above, the Holder may elect to exercise all or a portion of this Warrant, without the payment by the Holder of any additional consideration, by surrendering this Warrant to the Corporation, into up to the number of Warrant Shares that is obtained under the following formula: X = Y (A-B) A Where:
Appears in 2 contracts
Sources: Warrant Agreement (Topspin Medical Inc), Warrant Agreement (Topspin Medical Inc)
Net Exercise Election. In lieu of exercise as provided in Section 4.1 above, the Holder may elect to exercise all or a portion of this Warrant, without the payment by the Holder of any additional consideration, by surrendering this Warrant to the Corporation, into up to the number of Warrant Shares that is obtained under the following formula: X = Y (A-B) A Where:
Appears in 2 contracts
Sources: Warrant Agreement (Topspin Medical Inc), Warrant Agreement (Topspin Medical Inc)