Par Value Limitation Sample Clauses
A Par Value Limitation clause sets a maximum or minimum nominal value for shares issued by a corporation. In practice, this means that the company cannot issue shares below or above a specified par value, which is the face value assigned to each share in the corporate charter. For example, if the par value is set at $1 per share, the company cannot issue shares for less than this amount. The core function of this clause is to establish a baseline for share pricing, protecting both the company and its shareholders from the dilution of share value and ensuring compliance with legal or regulatory requirements regarding share issuance.
Par Value Limitation. The Company shall not take any action that, after giving effect to any adjustment pursuant to Article 4, would result in the issuance of shares of Common Stock for less than the par value of such shares of Common Stock.
Par Value Limitation. The Company will not take any action that, after giving effect to any adjustment pursuant to Section 8.05 or 8.07, would result in the Conversion Price becoming less than the par value of one share of Common Stock. In addition, the Company will not engage in any transaction that would require an adjustment to the Conversion Rate pursuant to Section 8.06 that would cause the Conversion Price to be less than the par value of one share of Common Stock.
Par Value Limitation. The Issuer will not take any action that, after giving effect to any adjustment pursuant to Section 7.05 or Section 7.06 hereof, would result in the Exchange Price becoming less than (i) the par value of one ADS and/or (ii) the par value of one Ordinary Share multiplied by the number of Ordinary Shares then represented by one ADS.
Par Value Limitation. The Company will not take any action that, after giving effect to any adjustment pursuant to Section 10.04 or 10.05, would result in the Conversion Price becoming less than the par value of one share of Common Stock.
Par Value Limitation. Nothing herein shall be construed to allow for the Exercise Price per share to be reduced to below the par value of the Common Stock.
Par Value Limitation. The Parent shall not take any action that, after giving effect to any adjustment pursuant to Article 5, would result in the issuance of shares of Parent Common Stock for less than the par value of such shares of Parent Common Stock.
Par Value Limitation. The following covenant is added with respect to the Notes: The Company will not take any action that, after giving effect to any adjustment pursuant to Section 9.05 or 9.07, would result in the Conversion Price becoming less than the par value of one share of Common Stock. In addition, the Company will not adjust the Conversion Rate pursuant to Section 9.06 such that the Conversion Price would be less than the par value of one share of Common Stock.
Par Value Limitation. The Company will not adjust, nor shall there be any requirement of the Company to adjust the Conversion Rate pursuant to Section 4.08, such that the Conversion Price would be less than the par value of one share of Common Stock.
Par Value Limitation. The Parent and the Company will not take any action that, after giving effect to any adjustment pursuant to Section 14.03 or Section 14.04, would result in the Exchange Price becoming less than the par value of one Ordinary Share.