Voluntary Adjustment. (a) The Company at any time may decrease the Conversion Price, temporarily or otherwise, but in no event shall such decrease result in a Conversion Price less than the par value of the Common Stock at the time such decrease is made. (b) Whenever the Conversion Price is decreased pursuant to this Section 10.07, the Company shall mail to the Holders a notice of the decrease. The Company shall mail the notice at least fifteen (15) days before the date the decreased Conversion Price takes effect. The notice shall state the decreased Conversion Price and the period it will be in effect.
Appears in 3 contracts
Sources: Indenture (Cellstar Corp), Indenture (Cellstar Corp), Indenture (Cellstar Corp)