No Adjustment Below Par Value. Notwithstanding the provisions of this Section, the Exercise Rate shall not be increased such that the price paid per share would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, at such lower Exercise Rate, for legally issued, fully paid and nonassessable shares of [Preferred Stock] [Common Stock].
Appears in 2 contracts
Samples: Warrant Agreement (U S Wireless Corp), Warrant Agreement (Leap Wireless International Inc)
No Adjustment Below Par Value. Notwithstanding the provisions of this Section, the Exercise Rate shall not be increased such that the price paid per share would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, at such lower Exercise Rate, for legally issued, fully paid and nonassessable shares of [Preferred StockShares] [Common Stock].
Appears in 2 contracts
Samples: Warrant Agreement (Bank of Boston Corp), Warrant Agreement (Bankboston Corp)
No Adjustment Below Par Value. Notwithstanding the provisions of this Section, the Exercise Rate shall not be increased such that the price paid per share would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, at such lower Exercise Rate, for legally issued, fully paid and nonassessable [Preferred Shares] [shares of [Preferred Stock] [Common Stock].
Appears in 1 contract
No Adjustment Below Par Value. Notwithstanding the provisions of this ----------------------------- Section, the Exercise Rate shall not be increased such that the price paid per share would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, at such lower Exercise Rate, for legally issued, fully paid and nonassessable shares of [Preferred Stock] [Common Stock].
Appears in 1 contract
Samples: Warrant Agreement (Merrill Lynch Preferred Capital Trust V)
No Adjustment Below Par Value. Notwithstanding the provisions of this Section----------------------------- Section 3.2, the Exercise Rate shall not be increased such that the price paid per share of Stock would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, exercised at such lower Exercise Rate, Rate for legally issued, fully paid and nonassessable shares of [Preferred Stock] [Common Stock].
Appears in 1 contract
No Adjustment Below Par Value. Notwithstanding the provisions of ----------------------------- this Section, the Exercise Rate shall not be increased such that the price paid per share would be less than the par value thereof as a result of any adjustment made hereunder unless, under applicable law then in effect, Warrants may be exercised, at such lower Exercise Rate, for legally issued, fully paid and nonassessable shares of [Preferred Stock] [Common Stock].
Appears in 1 contract
Samples: Warrant Agreement (Autozone Inc)
