Common use of Certain Actions Prohibited Clause in Contracts

Certain Actions Prohibited. The Company will not, by amendment of its charter or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all the provisions of this Class A Warrant and in the taking of all such action as may reasonably be requested by the Holder of this Class A Warrant in order to protect the exercise privilege of the Holder of this Class A Warrant against dilution or other impairment, consistent with the tenor and purpose of this Class A Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares of Common Stock receivable upon the exercise of this Class A Warrant above the Exercise Price then in effect, and (ii) will take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this Class A Warrant.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Trestle Holdings, Inc.), Viscorp, Inc., Viscorp, Inc.

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Certain Actions Prohibited. The Company will not, by amendment of its charter or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all the provisions of this Class A B Warrant and in the taking of all such action as may reasonably be requested by the Holder of this Class A B Warrant in order to protect the exercise privilege of the Holder of this Class A B Warrant against dilution or other impairment, consistent with the tenor and purpose of this Class A B Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares of Common Stock receivable upon the exercise of this Class A B Warrant above the Exercise Price then in effect, and (ii) will take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this Class A B Warrant.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Trestle Holdings, Inc.), Viscorp, Inc., Viscorp, Inc.

Certain Actions Prohibited. The Company will not, by amendment of its charter Articles of Incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all the provisions of this Class A Warrant and in the taking of all such action as may reasonably be requested by the Holder holder of this Class A Warrant in order to protect the exercise privilege of the Holder holder of this Class A Warrant against dilution or other impairmentimpairment as provided in Section 4, consistent with the tenor and purpose of this Class A Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares of Common Stock receivable upon the exercise of this Class A Warrant above the Exercise Price then in effect, and (ii) will take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this Class A Warrant.

Appears in 2 contracts

Samples: Softnet Systems Inc, Softnet Systems Inc

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Certain Actions Prohibited. The Company will not, by amendment of its charter or through any reorganizationre­organi­zation, transfer of assets, consolidation, mergermer­ger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all the provisions of this Class A Warrant and in the taking of all such action as may reasonably be requested by the Holder of this Class A Warrant in order to protect the exercise privilege of the Holder of this Class A Warrant against dilution dilu­tion or other impairment, consistent with the tenor and purpose of this Class A Warrant. Without limiting the generality general­ity of the foregoing, the Company (i) will not increase the par value of any shares of Common Stock receivable upon the exercise of this Class A Warrant above the Exercise Price then in effect, and (ii) will take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this Class A Warrant.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hyundai Syscomm Corp), Hyundai Syscomm Corp

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