Common use of Available Shares Clause in Contracts

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the “Minimum Available Shares”) at least equal to one hundred percent (100%) of the number of shares issuable upon exercise of all outstanding Warrants held by all Holders (in each case, whether such Warrants were originally issued to the Holder, the Lender or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants were then exercisable without regard to any restrictions which might limit any Holder’s right to exercise any of the Warrants held by any Holder.

Appears in 4 contracts

Samples: Bridge Loan Agreement (Infinium Labs Inc), Bridge Loan Agreement (Infinium Labs Inc), Bridge Loan Agreement (Infinium Labs Inc)

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Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the "Minimum Available Shares") at least equal to one hundred percent (100%) of the number of shares which would be issuable upon exercise of all the outstanding Warrants held by all Holders (in each case, whether such Warrants Warrant were originally issued to the Holder, the Lender Buyer or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants the Warrant were then exercisable without regard to any restrictions which might limit any Holder’s 's right to exercise any of the Warrants Warrant held by any Holder.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Amedia Networks, Inc.), Bridge Loan Agreement (Msgi Security Solutions, Inc), Bridge Loan Agreement (Ambient Corp /Ny)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the "Minimum Available Shares") at least equal to one hundred ten percent (100110%) of the number of shares issuable upon exercise of all outstanding Warrants held by all Holders (in each case, whether such Warrants were originally issued to the Holder, the Lender Buyer or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants were then exercisable issued and exercisable, in each case without regard to any restrictions which might limit any Holder’s 's right to exercise any of the Warrants held by any Holder.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Pluristem Life Systems Inc), Securities Purchase Agreement (Markland Technologies Inc)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the "Minimum Available Shares") at least equal to one hundred percent (100%) of the number of shares issuable upon exercise of all outstanding Warrants held by all Holders the Buyer and its transferees, if any (in each case, whether such Warrants were originally issued to the Holder, the Lender Buyer or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants were then exercisable without regard to any restrictions which might limit any Holder’s Buyer's right to exercise any of the Warrants held by any HolderBuyer.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ambient Corp /Ny)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the "Minimum Available Shares") at least equal to (x) one hundred twenty percent (100120%) of the number of shares issuable upon exercise of all outstanding Warrants then held by all Holders (in each case, whether such Warrants were originally issued to the Holder, the Lender Buyer or to any other party)) and (y) one hundred percent (100%) of the Option Shares. For the purposes of such calculations, the Company should assume that all such Warrants were then exercisable issued and exercisable, in each case without regard to any restrictions which might limit any Holder’s 's right to exercise any of the Warrants held by any Holder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Satellite Enterprises Corp)

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Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the "Minimum Available Shares") at least equal to one hundred percent (100%) of the number of shares which would be issuable upon exercise of all the outstanding Warrants held by all Holders (in each case, whether such Warrants Warrant were originally issued to the Holder, the Lender or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants the Warrant were then exercisable without regard to any restrictions which might limit any Holder’s 's right to exercise any of the Warrants Warrant held by any Holder.

Appears in 1 contract

Samples: Bridge Loan Agreement (Rim Semiconductor CO)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, a number of shares (the “Minimum Available Shares”) at least equal to one hundred percent (100%) of the number of shares which would be issuable upon exercise of all the outstanding Warrants held by all Holders (in each case, whether such Warrants Warrant were originally issued to the Holder, the Lender or to any other party). For the purposes of such calculations, the Company should assume that all such Warrants the Warrant were then exercisable without regard to any restrictions which might limit any Holder’s right to exercise any of the Warrants Warrant held by any Holder.

Appears in 1 contract

Samples: Bridge Loan Agreement (Rim Semiconductor CO)

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