Exercise Time Black-Scholes Value

Exercise Time Black-Scholes Value. The value of this Warrant based on the Black-Scholes Option Pricing Model obtained from the "OVME" function on Bloomberg determined as of the date of the Exercise Notice in connection with which this determination is being made, for pricing purposes, and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of this Warrant as of such date of request, (ii) an expected volatility for the Common Stock equal to the 100-day... volatility obtained from the "HVT" function on Bloomberg as of the date of such Exercise Notice, (iii) an underlying price per share equal to the last Weighted Average Price as of the date of such Exercise Notice, (iv) a zero cost of borrow and (v) a 360 day annualization factor; provided that in the event the date of the applicable Exercise Notice is not a Trading Day, the date used for the applicable determinations made pursuant to this definition shall be the Trading Day immediately preceding the date of such Exercise Notice. View More