Common use of Par Value of Shares of Common Stock Clause in Contracts

Par Value of Shares of Common Stock. Before taking any action which would cause an adjustment effectively reducing the portion of the Exercise Price allocable to each Share below the par value per share of the Common Stock issuable upon exercise of the Warrants, 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 nonassessable Common Stock upon exercise of the Warrants.

Appears in 9 contracts

Samples: Warrant Conversion Agreement (Security With Advanced Technology, Inc.), Security With Advanced Technology, Inc., Security With Advanced Technology, Inc.

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

Appears in 7 contracts

Samples: Warrant Agreement (Syntroleum Corp), Joint Development Agreement (Syntroleum Corp), Warrant Agreement (Syntroleum Corp)

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

Appears in 6 contracts

Samples: Warrant Agreement (Fieldpoint Petroleum Corp), Warrant Agreement (Fieldpoint Petroleum Corp), Warrant Agreement (Fieldpoint Petroleum Corp)

Par Value of Shares of Common Stock. Before taking any action which would cause an adjustment effectively reducing the portion of the Exercise Warrant Price allocable to each Share below the then par value (if any) per share of the Common Stock common stock issuable upon exercise of the Warrants, 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 nonassessable Common Stock common stock upon exercise of the Warrants.

Appears in 5 contracts

Samples: Underwriters’ Warrant Agreement (Us Dry Cleaning Corp), Underwriters’ Warrant Agreement (Us Dry Cleaning Corp), Underwriters’ Warrant Agreement (Reeds Inc)

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

Appears in 4 contracts

Samples: Warrant Agreement (Syntroleum Corp), Letter Agreement (Syntroleum Corp), Warrant Agreement (Syntroleum Corp)

Par Value of Shares of Common Stock. Before taking any action which would cause an adjustment effectively reducing the portion of the Exercise Price allocable to each Share below the par value per share of the Common Stock issuable upon exercise of the Warrants, 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 nonassessable non-assessable Common Stock upon exercise of the Warrants.

Appears in 3 contracts

Samples: Security With Advanced Technology, Inc., Security With Advanced Technology, Inc., Security With Advanced Technology, Inc.

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Par Value of Shares of Common Stock. Before taking any action which that would cause an adjustment effectively reducing the portion of the Exercise Price allocable to each Share share of Common Stock below the then par value per share of the Common Stock issuable upon exercise of the Warrants, the Company will shall 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 nonassessable Common Stock shares upon exercise of the WarrantsWarrants at the Exercise Price as so adjusted.

Appears in 2 contracts

Samples: Warrant Agreement (Platinum Pressure Pumping, Inc.), Warrant Agreement (Idleaire Technologies Corp)

Par Value of Shares of Common Stock. Before taking any action which would cause an adjustment effectively reducing the portion of the Exercise Price allocable to each Share below the par value per share of the Common Stock issuable upon exercise of the WarrantsOptions, 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 nonassessable Common Stock upon exercise of the WarrantsOptions.

Appears in 2 contracts

Samples: S Share Option Agreement (Pelion Systems Inc), S Share Option Agreement (Firstlink Communications Inc)

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

Appears in 1 contract

Samples: Warrant Agreement (Transmeridian Exploration Inc)

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