Common use of Reservation of Securities Clause in Contracts

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Securities included in the Company’s registration statement for issuance pursuant to the Agreement. In the event that the Company determines that it does not have a sufficient number of common stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock by seeking shareholder approval.

Appears in 9 contracts

Samples: Common Stock Purchase Agreement (Major League Football Inc), Common Stock Purchase Agreement (Brazil Minerals, Inc.), Common Stock Purchase Agreement (U.S. Lighting Group, Inc.)

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Reservation of Securities. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the Agreement. In the event that the Company determines that it does not have a sufficient number of common stock Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 5 contracts

Samples: Common Stock Purchase Agreement (Wikisoft Corp.), Common Stock Purchase Agreement (Fomo Corp.), Common Stock Purchase Agreement (Wikisoft Corp.)

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Securities included in the Company’s registration statement for issuance pursuant to the AgreementInvestment Documents. In the event that the Company determines that it does not have a sufficient number of common stock authorized shares of Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock authorized shares of Common Stock by seeking shareholder approvalapproval for the authorization of such additional shares.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Nascent Biotech Inc.), Common Stock Purchase Agreement (Cannapharmarx, Inc.)

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, authorized and reserved the amount of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the this Agreement. In the event that If the Company determines that it does not have a sufficient number of common stock enough Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 2 contracts

Samples: Closing Agreement (Bioxytran, Inc), Closing Agreement (Bioxytran, Inc)

Reservation of Securities. The Company shall take all action necessary to at all times always have authorized, authorized and reserved the amount number of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the this Agreement. In the event that If the Company determines that it does not have a sufficient number of common stock enough Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 2 contracts

Samples: Closing Agreement (Asset Entities Inc.), Closing Agreement (Asset Entities Inc.)

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Securities included in the Company’s registration statement for issuance pursuant to the AgreementInvestment Documents. In the event that the Company determines that it does not have a sufficient number of common stock authorized shares of Common Stock to reserve and keep available for issuance as describeddescribed in this Section 5.5, the Company shall use all commercially reasonable efforts to increase the number of common stock authorized shares of Common Stock by seeking shareholder approvalapproval for the authorization of such additional shares.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (GreenBox POS)

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Reservation of Securities. The Company shall take all action necessary to at all times have authorized, authorized and reserved the amount of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the this Agreement. In the event that the Company determines that it does not have a sufficient number of common stock Common Stock to reserve and keep available for issuance as describedunder this Agreement, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vitality Biopharma, Inc.)

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, and reserved three-times (3x) the amount of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the Agreement. In the event that the Company determines that it does not have a sufficient number of common stock Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Video River Networks, Inc.)

Reservation of Securities. The Company shall take all action necessary to at all times have authorized, authorized and reserved the amount of Securities included in the Company’s registration statement Registration Statement for issuance pursuant to the this Agreement. In the event that If the Company determines determine s that it does not have a sufficient number of common stock enough Common Stock to reserve and keep available for issuance as described, the Company shall use all commercially reasonable efforts to increase the number of common stock Common Stock by seeking shareholder approval.

Appears in 1 contract

Samples: Amended Closing Agreement (Bioxytran, Inc)

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