Reservation of Conversion Shares. The Company shall reserve, free from preemptive rights, out of its authorized but unissued shares of Common Stock a sufficient number of shares of Common Stock for issuance as Conversion Shares.
Appears in 6 contracts
Samples: Loan Agreement (PureSafe Water Systems, Inc.), Loan Agreement (PureSafe Water Systems, Inc.), Loan Agreement (PureSafe Water Systems, Inc.)
Reservation of Conversion Shares. The Company shall reserveat all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of Common Stock a sufficient number of or its issued shares of Common Stock held in its treasury, or both, sufficient shares of Common Stock to provide for the issuance of the Conversion Shares from time to time as Conversion Sharesthe Notes become convertible pursuant to their terms.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Andrea Electronics Corp), Securities Purchase Agreement (Andrea Electronics Corp)
Reservation of Conversion Shares. The Company Maker shall reserve, free from preemptive rights, out of its authorized but unissued shares of Common Stock a sufficient number of shares of Common Stock for issuance as Conversion Shares.
Appears in 1 contract
Samples: Clenergen Corp
Reservation of Conversion Shares. The Company shall reserve, free from preemptive rights, will at all times reserve and keep available out of its authorized authorized, but unissued shares of Common Stock Stock, a sufficient number of shares of Common Stock for issuance as Conversion Sharesupon conversion of the outstanding Series A Preferred Stock.
Appears in 1 contract
Reservation of Conversion Shares. The Company Xxxxxx shall reserve, free from preemptive rights, out of its authorized but unissued shares of Common Stock a sufficient number of shares of Common Stock for issuance as Conversion Shares.
Appears in 1 contract
Samples: Walker Financial Corp
