Change of Par Value Sample Clauses

The Change of Par Value clause allows a company to alter the nominal or face value assigned to its shares. This adjustment can be made through a formal resolution, often requiring shareholder approval, and may involve increasing or decreasing the par value to reflect changes in the company’s capital structure or market conditions. The core function of this clause is to provide flexibility in managing share capital, enabling the company to respond to financial needs or regulatory requirements without issuing new shares or reducing the number of shares outstanding.
Change of Par Value. All references to par value of ordinary shares of 10p made in the ADRs issued and outstanding as of the Effective Date shall refer to par value of ordinary shares of (pound)1.
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Change of Par Value. Section 1.05 of the Deposit Agreement is amended by deleting it in its entirety and replacing it with the following:
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Change of Par Value. All references made in the Deposit Agreement to a par value of “Won 5,000” shall, as of the Effective Date, refer to a par value of “Won 500.”
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Change of Par Value. Al1 references to the Shares par value of “Won 5,000” made in the ADRs issued and outstanding shall, as of the Effective Date, refer to a par value of “Won 500”.
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Change of Par Value. Prior to the Closing, the Seller shall cause the par value of the IGL common stock to be changed from $2.00 to $3.00 per share."
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Change of Par Value. All references made in the Deposit Agreement to par value of the Shares of Skr 2.5 shall, as of the Effective Date, refer to par value of the Shares of Skr 1.
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Change of Par Value. The Agreement is hereby amended by adding, immediately after Section 5.18 of the Agreement, a new Section 5.19, to read in its entirety as follows:
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Change of Par Value. All references to the common shares, Ten Bolivars (Bs. 10.00) par value made in the form of ADR attached as Exhibit A to the Deposit Agreement and in each of the ADRs outstanding, as of the Effective Date, under the terms of the Deposit Agreement shall, as of the Effective Date, refer to the common shares, One Hundred Bolivars (Bs. 100.00) par value.
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Related to Change of Par Value

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change of Control Transaction If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary at a rate equal to the greater of his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately preceding the termination; and (3) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

  • Adjustment for Change in Capital Stock If the Company: (1) pays a dividend or makes a distribution on its Common Stock in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock; then the Exercise Price in effect immediately prior to such action and the number and kind of shares into which a Warrant is exercisable shall all be adjusted appropriately so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company shall determine the allocation of the adjusted Exercise Price between the classes of capital stock. After such allocation, the exercise privilege and the Exercise Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section. Such adjustment shall be made successively whenever any event listed above shall occur.

  • Change of Vehicle 7.1 We reserve the right to substitute a comparable or superior Vehicle at no extra cost where unforeseen circumstances dictate. This shall not constitute a breach of contract and does not entitle the renter to any refund. 7.2 Should the renter decide to downgrade their Vehicle from that originally booked they will not be entitled to any refund.

  • Change of Name The Company may by directors resolution authorize an alteration of its Notice of Articles in order to change its name or adopt or change any translation of that name.