Common use of RESERVATION AND AUTHORIZATION OF COMMON STOCK Clause in Contracts

RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 6 contracts

Samples: Teraglobal Communications Corp, Teraglobal Communications Corp, Wallersutton 2000 Lp

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RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance isuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Teraglobal Communications Corp

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RESERVATION AND AUTHORIZATION OF COMMON STOCK. (a) The Company shall at all times reserve a sufficient and keep available for issue upon the exercise or conversion of Warrants such number of its authorized but unissued shares of common stock for issuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, Common Stock as will be duly authorized, validly issued, fully paid and non-assessablesufficient to permit the exercise in full of all outstanding Warrants.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Berry Plastics Acquisition Corp Iii)

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