Company to Reserve Shares. The Company shall at all times prior to the expiration or termination of the Option reserve and keep available, either in its treasury or out of its authorized but unissued shares of Stock, the full number of shares subject to the Option from time to time.
Company to Reserve Shares. The Company shall at all times prior to the cancellation of the Award reserve and keep available, either in its treasury or out of its authorized but unissued shares of Common Stock, the full number of shares subject to the Award from time to time.
Company to Reserve Shares. The Company shall at all times prior to the expiration or termination of the Units reserve and keep available, either in its treasury or out of its authorized but unissued shares of Stock, the full number of shares subject to the Units from time to time.
Company to Reserve Shares. At all times before the date on which the Warrant expires (the “Expiration Date”), the Company will reserve and keep available, free from preemptive rights, out of its authorized but unissued Shares or Shares held in the treasury of the Company, for the purpose of effecting the exercise of this Warrant, the full number of Shares then deliverable upon the exercise of this Warrant. The issuance of this Warrant shall constitute full authority to those officers of the Company who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for Shares upon exercise of this Warrant.
Company to Reserve Shares. The Company agrees that it will reserve and keep available out of its authorized Common Shares and solely for the purpose of issue upon exercise of conversion rights under the Debentures as provided in this Article 5, the maximum number of Common Shares as shall then be issuable upon the exercise of the conversion rights under Section 5.1 inclusive of the obligations of the Company to pay interest on the Debentures in the form of Units.
Company to Reserve Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of Securities, the full number of shares of Common Stock then issuable upon the conversion of all Outstanding Securities.
Company to Reserve Shares. The Company shall at all times prior to the expiration or termination of each of the Purchase Right and the Metavante Purchase Right reserve and keep available, either in its treasury or out of its authorized but unissued Common Shares, the full number of shares subject from time to time to the Purchase Right and the Metavante Purchase Right.
Company to Reserve Shares. The Company shall at all times reserve and keep available out of itsauthorized Common Shares (if the number thereof is or becomes limited) solely for the purpose of issue upon conversion of the Debentures as provided herein, and issue to the Investor who may exercise its conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of the Debentures. All Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.
Company to Reserve Shares. The Company will reserve from its -------------------------- authorized but unissued shares of Common Stock a sufficient number of shares of Common Stock to permit the conversion and/or exercise in full of the outstanding Securities. If at any time the number of authorized but unissued shares of Common Stock shall be insufficient to satisfy the conversion or exercise rights hereunder, in addition to such other remedies as shall be available to the holder of Preferred Stock or Warrants, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.
Company to Reserve Shares. The Company covenants that it will at all times reserve and keep available out of its authorized Shares, free from preemptive rights, solely for the purpose of issue upon conversion of Securities as herein provided, such number of Shares as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all Shares which shall be so issuable shall, when issued, be duly and validly issued and fully paid and nonassessable. The Company covenants that, upon conversion of Securities as herein provided, there will be credited to the capital account with respect to the Shares from the consideration for which the Shares issuable upon such conversion are issued an amount per Share so issued as determined by the Board of Directors, which amount shall not be less than the amount required by law and by the Company's articles of incorporation, as amended, as in effect on the date of such conversion. For the purposes of this covenant the principal amount of the Securities converted, less the amount of cash paid in lieu of the issuance of fractional shares on such conversion, shall be deemed to be the amount of consideration for which the Shares issuable upon such conversion are issued.
