Common use of Best Interest Increases Clause in Contracts

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.

Appears in 5 contracts

Samples: First Supplemental Indenture (Par Technology Corp), Indenture (Par Technology Corp), Indenture (Par Technology Corp)

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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: Xtant Medical Holdings, Inc., Xtant Medical Holdings, Inc., 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: Xtant Medical Holdings, Inc., Xtant Medical Holdings, Inc.

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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.

Appears in 1 contract

Samples: Second Supplemental Indenture (Vector Group LTD)

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