Cashless Exercise Ratio
Cashless Exercise Ratio. With respect to any exercise of this Warrant means a fraction (i) the numerator of which is the excess of (x) the 30-Day VWAP as of the day immediately preceding such exercise date over (y) the Exercise Price, and (ii) the denominator of which is the 30-Day VWAP as of the day immediately preceding such exercise date.
All Definitions
Found in
Kohl's Corp. contract