Common use of Reservation of Shares Issuable Clause in Contracts

Reservation of Shares Issuable. The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, solely for the purpose of effecting the conversion of the Preference Shares, such number of its Ordinary Shares as shall from time to time be sufficient to effect the conversion of all outstanding Preference Shares: and if at any time the number of authorized but unissued Ordinary Shares shall not be sufficient to effect the conversion of all then outstanding Preference Shares, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Ordinary Shares to such number of shares as shall be sufficient for such purpose.

Reservation of Shares Issuable. The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, solely for the purpose of effecting the conversion of the Preference Shares, such number of its Ordinary Shares as shall from time to time be sufficient to effect the conversion of all outstanding Preference Shares: ; and if at any time the number of authorized but unissued Ordinary Shares shall not be sufficient to effect the conversion of all then outstanding Preference Shares, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Ordinary Shares to such number of shares as shall be sufficient for such purpose.

Reservation of Shares Issuable. The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, solely for the purpose of effecting the conversion of the Series A Preference Shares, such number of its Ordinary Shares as shall from time to time be sufficient to effect the conversion of all outstanding Series A Preference Shares: , and if at any time the number of authorized but unissued Ordinary Shares shall not be sufficient to effect the conversion of all then outstanding Series A Preference Shares, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Ordinary Shares to such number of shares as shall be sufficient for such purpose.

Reservation of Shares Issuable. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued Ordinary Sharescommon shares, solely for the purpose of effecting the conversion of the Preference Series A Preferred Shares, such number of its Ordinary Shares common shares as shall from time to time be sufficient to effect the conversion of all outstanding Preference Series A Preferred Shares: ; and if at any time the number of shares of authorized but unissued Ordinary Shares common shares shall not be sufficient to effect the conversion of all then outstanding Preference Series A Preferred Shares, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Ordinary Shares common shares to such number of shares as shall be sufficient for such purpose.