Common use of Par Value Clause in Contracts

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 62 contracts

Samples: Securities Purchase Agreement (Ludwig Enterprises, Inc.), Securities Purchase Agreement (Kaival Brands Innovations Group, Inc.), Securities Purchase Agreement (One World Products, Inc.)

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Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 36 contracts

Samples: Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (NovAccess Global Inc.), Securities Purchase Agreement (SusGlobal Energy Corp.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 33 contracts

Samples: Securities Purchase Agreement (Futuris Co), Securities Purchase Agreement (MAGELLAN GOLD Corp), Securities Purchase Agreement (Lingerie Fighting Championships, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.001 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 29 contracts

Samples: Securities Purchase Agreement (Quality Industrial Corp.), Securities Purchase (Quality Industrial Corp.), Securities Purchase Agreement (Kisses From Italy Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.005, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 24 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (First Harvest Corp.)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.001 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 16 contracts

Samples: Securities Purchase Agreement (Q BioMed Inc.), Securities Purchase Agreement (Surge Holdings, Inc.), Securities Purchase Agreement (Surge Holdings, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0005, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Carolco Pictures, Inc.), Securities Purchase Agreement (Progreen US, Inc.), Securities Purchase Agreement (Friendable, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.01, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 5 contracts

Samples: Securities Purchase Agreement (True Nature Holding, Inc.), Securities Purchase Agreement (True Nature Holding, Inc.), Securities Purchase Agreement (True Nature Holding, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 4 contracts

Samples: Securities Purchase Agreement (SusGlobal Energy Corp.), Securities Purchase Agreement (Foothills Exploration, Inc.), Securities Purchase Agreement (Foothills Exploration, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Hemp Naturals, Inc.), Securities Purchase Agreement (Nuo Therapeutics, Inc.), Securities Purchase Agreement (Drone USA Inc.)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.0001 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 2 contracts

Samples: Securities Purchase Agreement (KinerjaPay Corp.), Securities Purchase Agreement (Hemp Naturals, Inc.)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.001 for five (5) consecutive days, the Company shall use its best efforts to cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Arch Therapeutics, Inc.), Securities Purchase Agreement (Arch Therapeutics, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.01 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 2 contracts

Samples: Securities Purchase Agreement (True Nature Holding, Inc.), Securities Purchase Agreement (True Nature Holding, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0005, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less. m) [Intentionally Omitted].

Appears in 2 contracts

Samples: Securities Purchase Agreement (Force Protection Video Equipment Corp.), Securities Purchase Agreement (Force Protection Video Equipment Corp.)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.01 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.001 or less.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Mphase Technologies Inc), Securities Purchase Agreement (Mphase Technologies Inc)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.001, the Company shall use its best efforts to cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wisdom Homes of America, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Growlife, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.00001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Reac Group, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.00 l, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.0000 I or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Guided Therapeutics Inc)

Par Value. If the closing bid price at any time the Note or Warrant is outstanding falls below $0.0010.0005, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.0000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (AnythingIT, Inc.)

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Par Value. If the closing bid price at any time the Note is outstanding falls below $0.001, 0.005 the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (NightFood Holdings, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.00001 for five (5) consecutive days, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electromedical Technologies, Inc)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.001.005, the Company shall cause cause, upon the Purchaser’s written request, the par value of its Common Stock to be reduced below its current value of $.0001 to $0.0001 or lessa lesser amount.

Appears in 1 contract

Samples: Securities Purchase Agreement (NanoFlex Power Corp)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.00001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.0000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Maptelligent, Inc.)

Par Value. If the closing bid price at any time the Note or Warrant is outstanding falls below $0.0010.005, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 .0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hangover Joe's Holding Corp)

Par Value. If the highest closing bid price at any time the Note is outstanding falls below $0.001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Omagine, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.01, the Company shall cause the par value of its Common Stock to be reduced to less than $0.0001 or less0.01.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mphase Technologies, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0,0000J or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Poverty Dignified, Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.01, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Global Digital Solutions Inc)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.0001 for five (5) consecutive days, the Company Borrower shall cause the par value of its Common Stock to be reduced to $0.0001 0.00001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (ETAO International Co., Ltd.)

Par Value. If the closing bid price at any time the a Note is outstanding falls below $0.0010.001 for five (5) consecutive days, the Company Borrower shall cause the par value of its Common Stock to be reduced to $0.0001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bruush Oral Care Inc.)

Par Value. If the closing bid price at any time the Note is outstanding falls below $0.0010.0001, the Company shall cause the par value of its Common Stock to be reduced to $0.0001 0.0000001 or less.

Appears in 1 contract

Samples: Securities Purchase Agreement (Appyea, Inc)

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