Initial Warrant Quantity

Initial Warrant Quantity. Shall have the meaning set forth in the Preamble.

Initial Warrant Quantity. Shall mean, at any time of determination, that amount of shares of Common Stock equal to (a) the product obtained by multiplying (i) 200,000 shares by (ii) a fraction (A) the numerator of which shall be the aggregate amount drawn (without duplication) under all Letters of Credit on or prior to the date of determination and (B) the denominator of which shall be the initial aggregate stated amounts of all such Letters of Credit, minus (b) the aggregate amount of shares of Common Stock already... issued upon the exercise of this Warrant on or prior to the date of determination; provided, however, that if a draw occurs under any Letter of Credit at any time that an Event of Default (as defined in the Financing Agreement) has occurred and is continuing, the Initial Warrant Quantity shall be equal to 200,000 shares of Common Stock minus the aggregate amount of shares of Common Stock already issued upon the exercise of this Warrant on or prior to the date of determination pursuant to the terms hereof without regard to the amount drawn upon under such Letters of Credit. View More

Initial Warrant Quantity. Shall mean the number of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock equal to (x) $1,000,000 divided by (y) the Purchase Price

Initial Warrant Quantity. Shall have the meaning assigned to it in the introduction to this Warrant.