Common use of Reservation and Listing of Shares Clause in Contracts

Reservation and Listing of Shares. The company shall at all times reserve and keep available out of its authorized shares of common stock, solely for the purpose of issuance upon the exercise of this warrant, such number of shares of common stock as shall be issuable upon the exercise hereof. The company covenants and agrees that, upon exercise of this warrant and payment of the purchase price therefor, all shares of common stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the purchase price per share shall equal or exceed the par value of the common stock. As long as the warrant shall be outstanding, the company shall use its best efforts to cause all shares of common stock issuable upon the exercise of the warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the common stock may then be listed.

Appears in 2 contracts

Samples: Common Stock Purchase (Globecomm Systems Inc), Globecomm Systems Inc

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Reservation and Listing of Shares. The company Company shall at all times reserve and keep available out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon the exercise of this warrantWarrant, such number of shares of common stock Common Stock as shall be issuable upon the exercise hereof. The company Company covenants and agrees that, upon exercise of this warrant Warrant and payment of the purchase price thereforExercise Price therefore, all shares of common stock Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the purchase price Exercise Price per share shall equal or exceed the par value of the common stockCommon Stock. As long as the warrant Warrant shall be outstanding, the company Company shall use its best efforts to cause all shares of common stock Common Stock issuable upon the exercise of the warrant Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the common stock Common Stock may then be listed.

Appears in 2 contracts

Samples: Planet Polymer Technologies Inc, Planet Polymer Technologies Inc

Reservation and Listing of Shares. The company Company shall at all times reserve and keep available out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon the exercise of this warrantWarrant, such number of shares of common stock Common Stock as shall be issuable upon the exercise hereof. The company Company covenants and agrees that, upon exercise of this warrant Warrant and payment of the purchase price Exercise Price therefor, all shares of common stock Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the purchase price Exercise Price per share shall equal or exceed the par value of the common stockCommon Stock. As long as the warrant Warrant shall be outstanding, the company Company shall use its best efforts to cause all shares of common stock Common Stock issuable upon the exercise of the warrant Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the common stock Common Stock may then be listed.

Appears in 2 contracts

Samples: Planet Polymer Technologies Inc, Planet Polymer Technologies Inc

Reservation and Listing of Shares. The company Company shall at all times reserve and keep available out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon the exercise of this warrantWarrant, such number of shares of common stock Common Stock as shall be issuable upon the exercise hereof. The company Company covenants and agrees that, upon exercise of this warrant Warrant and payment of the purchase price Purchase Price therefor, all shares of common stock Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the purchase price Purchase Price per share shall equal or exceed the par value of the common stockCommon Stock. As long as the warrant Warrant shall be outstanding, the company Company shall use its best efforts to cause all shares of common stock Common Stock issuable upon the exercise of the warrant Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the common stock Common Stock may then be listed.

Appears in 2 contracts

Samples: Asphalt Paving International Inc, Consulting Agreement (RTG Ventures Inc)

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Reservation and Listing of Shares. The company Company shall at all times reserve and keep available out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon the exercise of this warrantWarrant, such number of shares of common stock Common Stock as shall be issuable upon the exercise hereof. The company Company covenants and agrees that, upon exercise of this warrant Warrant and payment of the purchase price Purchase Price therefor, all shares of common stock Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the purchase price Purchase Price per share shall equal or exceed the par value of the common stockCommon Stock. As long as the warrant this Warrant shall be outstanding, the company Company shall use its best efforts to cause all shares of common stock Common Stock issuable upon the exercise of the warrant this Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the common stock may then be listedCommon Stock is listed as of the date this Warrant is issued.

Appears in 1 contract

Samples: Lending Agreement (Electro Catheter Corp)

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