Common use of Par Value Limitations Clause in Contracts

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 27 contracts

Sources: Rights Agreement (Cooper Companies Inc), Preferred Shares Rights Agreement (Conceptus Inc), Rights Agreement (Alarmguard Holdings Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 23 contracts

Sources: Rights Agreement (Compass Minerals International Inc), Rights Agreement (SyntheMed, Inc.), Rights Agreement (Rudolph Technologies Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 18 contracts

Sources: Tax Benefits Preservation Plan (CarParts.com, Inc.), Tax Benefits Preservation Plan (CarParts.com, Inc.), Tax Benefit Preservation Plan (Heron Therapeutics, Inc. /De/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 11 contracts

Sources: Rights Agreement (Container Store Group, Inc.), Rights Agreement (AN2 Therapeutics, Inc.), Rights Agreement (Desktop Metal, Inc.)

Par Value Limitations. Before taking any action that would --------------------- cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 9 contracts

Sources: Rights Agreement (Varco International Inc /De/), Rights Agreement (Southwest Water Co), Rights Agreement (Keystone Automotive Industries Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 9 contracts

Sources: Rights Agreement (Mission Produce, Inc.), Rights Agreement (TrueBlue, Inc.), Tax Benefit Preservation Plan (Maxar Technologies Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 7 contracts

Sources: Rights Agreement (Arv Assisted Living Inc), Rights Agreement (Resmed Inc), Rights Agreement (Arv Assisted Living Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Common Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Common Shares or other such shares at such adjusted Purchase Price.

Appears in 4 contracts

Sources: Rights Agreement (Beverly Enterprises Inc), Rights Agreement (Coach Inc), Rights Agreement (Coach Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 4 contracts

Sources: Rights Agreement (Arden Realty Inc), Rights Agreement (First Washington Realty Trust Inc), Rights Agreement (Aegis Realty Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares an Class A Ordinary Share or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred non-assessable Class A Ordinary Shares or other such shares at such adjusted Purchase Price.

Appears in 4 contracts

Sources: Rights Agreement (Qifu Technology, Inc.), Rights Agreement (360 DigiTech, Inc.), Rights Agreement (360 DigiTech, Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par stated value, if any, of the number of one one-thousandths of a share of Preferred Shares or other shares of capital stock Stock issuable upon exercise of the Rights, the Company 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 such number of one one-thousandths of a share of Preferred Shares or other such shares Stock at such adjusted Purchase Price.

Appears in 3 contracts

Sources: Rights Agreement (Aep Industries Inc), Rights Agreement (Sunshine Heart, Inc.), Rights Agreement (Aep Industries Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Series B Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series B Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 3 contracts

Sources: Tax Benefit Preservation Plan (Upland Software, Inc.), Tax Benefit Preservation Plan (American Airlines Group Inc.), Tax Benefit Preservation Plan (Upland Software, Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then then-current par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 3 contracts

Sources: Tax Benefits Preservation Plan (XWELL, Inc.), Tax Benefits Preservation Plan (Tetra Technologies Inc), Tax Benefits Preservation Plan (Tetra Technologies Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares an Ordinary Share or other shares of capital stock issuable upon exercise of the Rights, the Company shall take any and all 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 Preferred non-assessable Ordinary Shares or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Rights Agreement (ReneSola LTD), Rights Agreement (The9 LTD)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Debt Conversion and Purchase and Sale Agreement (B. Riley Financial, Inc.), Tax Benefit Preservation Plan (Bebe Stores, Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one oneten-hundredth thousandth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Tax Free Spin Protection Plan (Southwest Gas Holdings, Inc.), Tax Benefit Preservation Plan (ModusLink Global Solutions Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Rights Agreement (Solitron Devices Inc), Rights Agreement (Opnext Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then aggregate par value, if any, of the number of one one-thousandths of a share of Preferred Shares or other shares of capital stock Stock issuable upon exercise of the Rights, the Company 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 shares of Preferred Shares or other such shares Stock at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Tax Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc), Tax Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth tenth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Rights Agreement, Rights Agreement (Spok Holdings, Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one onetwo-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 2 contracts

Sources: Rights Agreement (Biomarin Pharmaceutical Inc), Rights Agreement (Biomarin Pharmaceutical Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.necessary

Appears in 1 contract

Sources: Rights Agreement (J2 Communications /Ca/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth one- thousandths of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement

Par Value Limitations. Before taking any action that would cause --------------------- an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Amserv Healthcare Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Series C Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series C Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Sinovac Biotech LTD)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Xyratex LTD)

Par Value Limitations. Before taking any action that --------------------- would cause an adjustment reducing the Purchase Price below one onefour-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Amgen Inc)

Par Value Limitations. Before taking any action that would --------------------- cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Amgen Inc)

Par Value Limitations. Before taking any action that would --------------------- cause an adjustment reducing the Purchase Price below one onetwo-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Viking Office Products Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price per whole share of Common Stock (or other capital stock) below one one-hundredth of the then par value, if any, of the Preferred Shares Common Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Common Stock or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Tax Benefit Preservation Plan (Us Airways Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then then-par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Hyseq Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Class A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Class A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Marvel Enterprises Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares Common Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Common Stock or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Scio Diamond Technology Corp)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth one- thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Autozone Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandths of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Cubic Corp /De/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Excel Realty Trust Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares one one-half of capital stock a Common Share issuable upon exercise of the Rights, the Company 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 Preferred non-assessable Common Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (First Health Group Corp)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one oneten-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Province Healthcare Co)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one oneten-hundredth thousandth of the then par value, if any, of the Series D Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series D Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Wet Seal Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.in

Appears in 1 contract

Sources: Rights Agreement (Leap Wireless International Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 non-assessable Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Comstock Resources Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth (1/1,000) of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 non-assessable Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Legacy Education Alliance, Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one onetwo-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Dames & Moore Inc /De/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company shall take any corporate action which that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Allergan Inc)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Series A Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series A Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Sinovac Biotech LTD)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth thousandth of the then par value, if any, of the Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Stockholder Rights Agreement (Ulta Salon, Cosmetics & Fragrance, Inc.)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the Preferred Shares or other shares of capital stock Shares issuable upon exercise of the Rights, the Company 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 Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Mineral Energy Co)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par stated value, if any, of the number of one one-hundredths of a share of Preferred Shares or other shares of capital stock Stock issuable upon exercise of the Rights, the Company 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 such number of one one-hundredths of a share of Preferred Shares or other such shares Stock at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Providence Service Corp)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of the then par value, if any, of the one one-thousandth of a share of Preferred Shares or other shares of capital stock Stock issuable upon exercise of the Rights, the Company 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 one one-thousandth shares of such Preferred Shares or other such shares Stock at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (Arbor Health Care Co /De/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one oneten-hundredth thousandth of the then par value, if any, of the Preferred Shares Stock or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Preferred Shares Stock or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Tax Benefit Preservation Plan (Rentech Inc /Co/)

Par Value Limitations. Before taking any action that would cause an adjustment reducing the Purchase Price below one oneten-hundredth thousandth of the then par value, if any, of the Series B Preferred Shares or other shares of capital stock issuable upon exercise of the Rights, the Company 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 Series B Preferred Shares or other such shares at such adjusted Purchase Price.

Appears in 1 contract

Sources: Rights Agreement (ModusLink Global Solutions Inc)