Common use of Par Value of Common Stock Clause in Contracts

Par Value of Common Stock. Before taking any action which would cause an adjustment reducing the Exercise Price below the then par value of the shares of Common Stock issuable upon exercise of the Warrant, 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 such adjusted Warrant Price.

Par Value of Common Stock. Before taking any action which would cause an adjustment reducing the Exercise Price below the then par value of the shares of Common Stock issuable upon exercise of the Dealer Warrant, 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 such adjusted Warrant Exercise Price.

Par Value of Common Stock. Before taking any action which would cause an adjustment effectively reducing the portion of the Exercise Price allocable to each share of Common Stock below the then par value of the shares per share of Common Stock issuable upon exercise of the WarrantWarrants, 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 nonassessable shares of Common Stock at such adjusted Warrant Priceupon exercise of the Warrants.