Common use of Adjustment of Par Value Clause in Contracts

Adjustment of Par Value. Before taking any action that would cause an adjustment reducing the Exercise Price per share below the then par value of the shares of Warrant Shares issuable upon exercise of this Warrant, the Company will take any corporate action that may be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of such Warrant Shares at such adjusted price.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Tootie Pie Company, Inc.), Tootie Pie Company, Inc., Tootie Pie Company, Inc.

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Adjustment of Par Value. Before taking any action that would cause an adjustment reducing the Exercise Price per share below the then par value of the shares of Warrant Shares Stock issuable upon exercise of this the Warrant, the Company will take any corporate action that may be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of such Warrant Shares Stock at such adjusted price.

Appears in 4 contracts

Samples: Energy Income Fund Lp, Foreland Corp, Energy Income Fund Lp

Adjustment of Par Value. Before taking any action that would cause an adjustment reducing the Exercise Price per share below the then current par value of the shares of Warrant Shares Stock issuable upon exercise of this the Warrant, the Company will take any corporate action that may be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of such Warrant Shares Stock at such adjusted price.

Appears in 2 contracts

Samples: Centrack International Inc, Centrack International Inc

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Adjustment of Par Value. Before taking any action that would cause an ----------------------- adjustment reducing the Exercise Price per share below the then par value of the shares of Warrant Shares issuable upon exercise of this Warrant, the Company will take any corporate action that may be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of such Warrant Shares at such adjusted price.

Appears in 1 contract

Samples: Atsi Communications Inc/De

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