Cashless Exercise Ratio

Example Definitions of "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.
Found in Kohl's Corp. contract
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 immediately prior to 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 immediately prior to the day immediately preceding such exercise date.
Found in Clean Energy Fuels Corp. contract
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.
Found in Graf Industrial Corp. contract
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