Common use of Reservation of Shares; Stock Fully Paid Clause in Contracts

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 13 contracts

Samples: Penn Octane Corp, Penn Octane Corp, Penn Octane Corp

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Reservation of Shares; Stock Fully Paid. The Company agrees that --------------------------------------- at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 8 contracts

Samples: Purchase Agreement (Penn Octane Corp), Purchase Agreement (Penn Octane Corp), Penn Octane Corp

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all ---------------------------------------- times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 7 contracts

Samples: Rollover and Assignment Agreement (Penn Octane Corp), Penn Octane Corp, Penn Octane Corp

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 4 contracts

Samples: Penn Octane Corp, Collateral Agreement (Castle Energy Corp), Castle Energy Corp

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise erecise hereof will, upon issuance, and receipt of payment therefor, be by duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of otherswith no personal liability attaching to the ownership thereof.

Appears in 2 contracts

Samples: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which that may be issued upon exercise hereof willhereof, will upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Counterpart Subscription Agreement (Assuretec Holdings Inc), Assuretec Holdings Inc

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Penn Octane Corp, Penn Octane Corp

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Reservation of Shares; Stock Fully Paid. The Company agrees that at all --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Purchase Agreement (Penn Octane Corp), Penn Octane Corp

Reservation of Shares; Stock Fully Paid. The Company agrees that ----------------------------------------- at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 1 contract

Samples: Penn Octane Corp

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 1 contract

Samples: McKenzie Bay International

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessablenonassessable. The Company shall pay all United States and state documentary stamp taxes, free if any, in respect of preemptive rights and any other rights the issue of othersthe Common Stock.

Appears in 1 contract

Samples: Adcare Health Systems Inc

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