Common use of Determination by Board of Directors Clause in Contracts

Determination by Board of Directors. All determinations by the --------------------------------------- Board of Directors of the Company under the provisions of this Warrant will be made in good faith with due regard to the interest of the Holder and in accordance with sound financial practices.

Appears in 14 contracts

Samples: Warrant Agreement (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

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Determination by Board of Directors. All determinations by the --------------------------------------- Board of ----------------------------------- Directors of the Company under the provisions of this Warrant will be made in good faith with due regard to the interest of the Holder and in accordance with sound financial practices.

Appears in 9 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Determination by Board of Directors. All determinations by the --------------------------------------- ----------------------------------- Board of Directors of the Company under the provisions of this Warrant will be made in good faith with due regard to the interest of the Holder and in accordance with sound financial practices.

Appears in 8 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Purchase Agreement (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Determination by Board of Directors. All determinations by the --------------------------------------- Board of Directors of the Company under the provisions of this Warrant will be made in good faith with due regard to the interest of the Holder and in accordance with sound financial practices.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Rollover and Assignment Agreement (Castle Energy Corp), Common Stock Purchase Warrant (Castle Energy Corp)

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Determination by Board of Directors. All determinations by the --------------------------------------- Board of Directors of the Company under the provisions of this Warrant will be made in good faith with due regard to the interest of the Holder registered holder of this Warrant and in accordance with sound financial practices.

Appears in 2 contracts

Samples: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp)

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