Common use of Reservation and Listing Clause in Contracts

Reservation and Listing. 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 exercise of the Purchase Warrants or any substitute Purchase Warrants issued pursuant to Section 5, such number of Shares or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder. As long as the Purchase Warrants shall be outstanding, the Company shall use its best efforts to cause all Shares issuable upon exercise of the Purchase Warrants to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable on the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board or any successor trading market) on which the shares of Common Stock may then be listed and/or quoted.

Appears in 1 contract

Samples: Procera Networks Inc

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Reservation and Listing. The Company shall at all times reserve and keep available out of its authorized shares of Common Stockbut unissued Ordinary Shares, solely for the purpose of issuance upon exercise of the Purchase Option (including the Ordinary Shares underlying the Rights) or the Warrants or any substitute underlying the Purchase Warrants issued pursuant to Section 5Option, such number of Ordinary Shares or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Warrants Option and payment of the Exercise Price therefor, in accordance with the terms hereby, all Ordinary Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholdershareholder. As long as the Purchase Warrants shall be outstanding, the The Company shall use its best efforts to cause all Shares issuable further covenants and agrees that upon exercise of the Warrants underlying the Purchase Warrants to Option and payment of the respective Warrant exercise price therefor, all Ordinary Shares and other securities issuable upon such exercise shall be listed (duly and validly issued, fully paid and non-assessable and not subject to official notice preemptive rights of issuance) on all securities exchanges (or, if applicable on the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board or any successor trading market) on which the shares of Common Stock may then be listed and/or quotedshareholder.

Appears in 1 contract

Samples: Registration Rights Agreement (Bison Capital Acquisition Corp.)

Reservation and Listing. 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 the Purchase Representative Warrants or any substitute Purchase Warrants issued pursuant to Section 5and the Underlying Warrants, such number of Shares shares of Common Stock or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Representative Warrants and/or the Underlying Warrants, and payment of the Exercise Price and/or Underlying Exercise Price therefor, in accordance with the terms hereby, all Shares shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and paid, non-assessable and not subject to the preemptive rights of any stockholder. As long as the Purchase Representative Warrants and/or Underlying Warrants shall be outstanding, the Company shall use its best efforts to cause all Shares shares of Common Stock issuable upon the exercise of the Purchase Representative Warrants and/or the Underlying Warrants to be listed and quoted (subject to official notice of issuance) on all securities exchanges (or, if applicable on the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board or any successor trading market) on which the shares of Common Stock may then be listed and/or quoted.of

Appears in 1 contract

Samples: Representative's Warrant Agreement (2connect Express Inc)

Reservation and Listing. 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 the Purchase Representative Warrants or any substitute Purchase Warrants issued pursuant to Section 5and the Underlying Warrants, such number of Shares shares of Common Stock or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Representative Warrants and/or the Underlying Warrants, and payment of the Exercise Price and/or Underlying Exercise Price therefor, in accordance with the terms hereby, all Shares shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and paid, non-assessable and not subject to the preemptive rights of any stockholder. As long as the Purchase Representative Warrants and/or Underlying Warrants shall be outstanding, the Company shall use its best efforts to cause all Shares shares of Common Stock issuable upon the exercise of the Purchase Representative Warrants and/or the Underlying Warrants to be listed and quoted (subject to official notice of issuance) on all securities exchanges (or, if applicable on the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board or any successor trading market) Exchanges and Systems on which the shares of Common Stock Stock, at such time, may then be listed and/or quoted, including Nasdaq.

Appears in 1 contract

Samples: Representative's Warrant Agreement (2connect Express Inc)

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Reservation and Listing. 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 exercise of this Purchase Option and the Warrants and Extra Warrants, if any, issuable upon exercise of this Purchase Warrants or any substitute Purchase Warrants issued pursuant to Section 5Option, such number of Shares shares of Common Stock or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Warrants Options and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder. As long as the Purchase Warrants Options shall be outstanding, the Company shall use its best efforts to cause all Shares shares of Common Stock issuable upon exercise of the Purchase Warrants Options to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable applicable, on the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board or any successor trading marketNasdaq) on which the shares of Common Stock may is then be listed and/or quoted.

Appears in 1 contract

Samples: Tii Industries Inc

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