Common use of Certain Obligations of the Company Clause in Contracts

Certain Obligations of the Company. The Company agrees that it will not establish or increase the par value of the shares of any Common Stock which are at the time issuable upon exercise of this Warrant above the then prevailing Warrant Price hereunder and that, before taking any action which would cause an adjustment reducing the Warrant Price hereunder below the then par value, if any, of the shares of any Common Stock issuable upon exercise hereof, the Company will take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and non assessable shares of Common Stock at the Warrant Price as so adjusted.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Rf Micro Devices Inc), Stock Purchase Warrant (Rf Micro Devices Inc)

AutoNDA by SimpleDocs

Certain Obligations of the Company. The Company agrees that it will not establish or increase the par value of the shares of any Common Stock which are at the time issuable upon exercise of this Warrant above the then prevailing Warrant Price hereunder and that, before taking any action which would cause an adjustment reducing the Warrant Price hereunder below the then par value, if any, of the shares of any Common Stock issuable upon the exercise hereof, the Company will take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and non non-assessable shares of Common Stock at the Warrant Price as so adjusted.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Veridien Corp)

AutoNDA by SimpleDocs

Certain Obligations of the Company. The Company agrees that it will not establish or if established increase the par value of the shares of any Common Stock which are at the time issuable upon exercise of this Warrant above the then prevailing Warrant Price hereunder and that, before taking any action which would cause an adjustment reducing the Warrant Price hereunder below the then par value, if any, of the shares of any Common Stock issuable upon exercise hereof, the Company will take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and non assessable shares of Common Stock at the Warrant Price as so adjusted.

Appears in 1 contract

Samples: Stock Purchase Warrant (Rf Micro Devices Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!