Par Value Approval Sample Clauses
Par Value Approval. The Company’s management shall recommend to the shareholders to vote in favor of lowering the par value of the ADSs to $0.01. Management shall also vote all of its shares in favor of lowering the par value of the ADSs to $0.01.
Par Value Approval. Within one hundred eighty (180) calendar days from the date hereof the Company shall have lowered the par value of the ADSs to $0.01 so as not impede with the Buyer’s ability to convert the Debentures issued hereunder and or any other existing Debentures and/or Notes held by the Buyer’s and the Company’s ability to issue Conversion Shares accordingly.