Common use of Par Value Limitation Clause in Contracts

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.

Appears in 2 contracts

Samples: Indenture (Medicine Man Technologies, Inc.), Indenture (Protalix BioTherapeutics, Inc.)

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Par Value Limitation. The Company will not take any action that, after giving effect to any adjustment pursuant to Section 10.04 10.05 or 10.0510.07 hereof, 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 10.06 hereof such that the Conversion Price would be less than the par value of one share of Common Stock.

Appears in 1 contract

Samples: Indenture (Ultrapetrol Bahamas LTD)

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Par Value Limitation. The Company will not take any action that, after giving effect to any adjustment pursuant to Section 10.04 ‎10.04 or 10.05‎10.05, would result in the Conversion Price becoming less than the par value of one share of Common Stock.

Appears in 1 contract

Samples: Protalix BioTherapeutics, Inc.

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