Physical Settlement Amount
Physical Settlement Amount. Means the quotient of X/Y where X = the Warrant Amount with respect to which the Company elects to deliver shares of Common Stock in respect of its exercise obligation as set forth in paragraph 2 and Y = the Warrant Share Price; plus cash in lieu of any fractional Warrant Share as set forth in paragraph 5, subject to paragraph 3(e).
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Found in
TerraVia Holdings, Inc. contract