Common use of Minimum Exercise Price Clause in Contracts

Minimum Exercise Price. Notwithstanding anything to the contrary contained in this Agreement, if the Exercise Price, as adjusted pursuant to this Agreement shall be less than the par value of the related Share, then the Company shall use its best efforts to cause an amendment to its Certificate of Incorporation to reduce the par value of the Common Stock.

Appears in 1 contract

Sources: Warrant Agreement (Transportation Technologies Industries Inc)

Minimum Exercise Price. Notwithstanding anything to the contrary contained in this Agreement, if the Exercise Price, as adjusted pursuant to this Agreement Agreement, shall be less than the par value of the related Share, then the Company shall use its best efforts to cause an amendment to its Certificate of Incorporation so as to reduce the par value of the Common Stock.

Appears in 1 contract

Sources: Warrant Agreement (Transportation Technologies Industries Inc)