Common use of Reservation and Issuance of Underlying Securities Clause in Contracts

Reservation and Issuance of Underlying Securities. The Company covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase rights of persons other than the holders of the Notes, not less than an amount equal to the number of Conversion Shares. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable and freely tradeable.

Appears in 8 contracts

Samples: Isco International Inc, Isco International Inc, Isco International Inc

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Reservation and Issuance of Underlying Securities. The Company Corporation covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase rights of persons other than the holders of the Notesthis Note, not less than an amount equal to the such number of Conversion Sharesshares of Common Stock as shall be issuable (taking into account the adjustments under this Section 2) upon the conversion of this Note hereunder in Common Stock (including repayments in stock). The Company Corporation covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable and freely tradeabletradable.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Omnireliant Holdings, Inc.), Abazias Inc, Abazias Inc

Reservation and Issuance of Underlying Securities. The Company covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock)Note, free from preemptive rights or any other actual contingent purchase rights of persons other than the holders Holder of the Notesthis Note, not less than an amount equal to the such number of Conversion Sharesshares of Common Stock as shall be issuable (taking into account the adjustments under this Section 5) upon the conversion of this Note hereunder in Common Stock. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable and freely tradeable.

Appears in 2 contracts

Samples: Debt Resolve Inc, Liquidmetal Technologies Inc

Reservation and Issuance of Underlying Securities. The Company covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase rights of persons other than the Holder and the holders of the Amended and Restated Notes, not less than an amount equal to the number of Conversion Shares. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable paid and freely tradeablenonassessable.”

Appears in 2 contracts

Samples: Isco International Inc, Isco International Inc

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Reservation and Issuance of Underlying Securities. The Company covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase rights of persons other than the Holder and the holders of the Amended and Restated Notes, not less than an amount equal to the number of Conversion Shares. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable and freely tradeable.”

Appears in 1 contract

Samples: Isco International Inc

Reservation and Issuance of Underlying Securities. The Company covenants that, beginning immediately after the Required Approvals (as defined below) are obtained, that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase rights of persons other than the holders of the Notes, not less than an amount equal to the full number of Conversion Sharesshares of Common Stock issuable upon conversion of all amounts outstanding under this Note. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid, nonassessable and freely tradeable.

Appears in 1 contract

Samples: Isco International Inc

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