Gross Number

Gross Number. Means, with respect to any exercise of this Warrant, the product of (A) the number of shares on the face of this Warrant, not to exceed in the aggregate the Issuable Number, for which this Warrant is being exercised as specified in the respective Warrant Exercise Notice multiplied by (B) the quotient of (1) the Stock Purchase Price divided by (2) the Warrant Price (as adjusted to the date of such calculation). 17 12.11 "Issuable Number" means one million eighty-two thousand seven... hundred twenty (1,082,720), provided that if the 90-Day Price is less than the Conversion Price (as defined in the First Amended and Restated Certificate of Rights and Preferences of Series B-1 Cumulative Convertible Preferred Stock), then "Issuable Number" shall mean a quantity equal to the quotient of (a) $15 million divided by (b) the 90-Day Price, provided, however, that for purposes of this paragraph, in no event shall the 90-Day Price be greater than 135% of the Main Agreement Date Price (as defined in the Certificate of Rights and Preferences of Series C Cumulative Convertible Preferred Stock) or less than the amount equal to the product of (a) the quotient of six dollars divided by eight dollars and fifty cents ($6.00/$8.50) times (b) the Main Agreement Date Price (as defined in the Certificate of Rights and Preferences of Series C Cumulative Convertible Preferred Stock). View More

Gross Number. Means, with respect to any exercise of this Warrant, the product of (A) the number of shares on the face of this Warrant, not to exceed in the aggregate the Issuable Number, for which this Warrant is being exercised as specified in the respective Warrant Exercise Notice multiplied by (B) the quotient of (1) the Stock Purchase Price divided by (2) the Warrant Price (as adjusted to the date of such calculation).