Best Interest Increases. Subject to the limitations of Section 10.10 hereof, the Company may, from time to time, to the extent permitted by law, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, (ii) such increase is in effect for a period of at least 20 Business Days, and (iii) during such period, such increase is irrevocable.
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Samples: First Supplemental Indenture (Par Technology Corp), Indenture (Par Technology Corp), Indenture (Par Technology Corp)
Best Interest Increases. Subject to the limitations of Section 10.10 hereof, the The Company may, from time to time, to the extent permitted by lawlaw and the applicable rules of any exchange on which the Common Stock is listed, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, ; (ii) such increase is in effect for a period of at least 20 twenty (20) Business Days, ; and (iii) during such period, such increase is irrevocable.
Appears in 4 contracts
Samples: Note Purchase Agreement (Xtant Medical Holdings, Inc.), Note Purchase Agreement (Xtant Medical Holdings, Inc.), Note Purchase Agreement (Xtant Medical Holdings, Inc.)
Best Interest Increases. Subject to the limitations of Section 10.10 hereof, the The Company may, from time to time, to the extent permitted by lawlaw and the applicable rules of any exchange on which the Common Stock is listed, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, ; (ii) such increase is in effect for a period of at least 20 Business Days, ; and (iii) during such period, such increase is irrevocable.
Appears in 2 contracts
Samples: Note Purchase Agreement (Xtant Medical Holdings, Inc.), Note Purchase Agreement (Xtant Medical Holdings, Inc.)
Best Interest Increases. Subject to the limitations of Section 10.10 hereof, the The Company may, from time to time, to the extent permitted by lawlaw and the rules of the NYSE or any other securities exchange on which Common Stock is then listed, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, (ii) such increase is in effect for a period of at least 20 Business Days, and (iii) during such period, such increase is irrevocable.
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Best Interest Increases. Subject to the limitations of Section 10.10 9.06(d) hereof, the Company may, from time to time, to the extent permitted by law, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, (ii) such increase is in effect for a period of at least 20 Business Days, and (iii) during such period, such increase is irrevocable.
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