Common use of Reservation of Stock Issuable on Exercise of Warrant Clause in Contracts

Reservation of Stock Issuable on Exercise of Warrant. The Company at all times and from time to time shall reserve and keep available, solely for issuance and delivery on the exercise of this Warrant, a number of shares of Stock equal to the aggregate number of shares of Stock from time to time issuable upon exercise of this Warrant. If at any time the Company does not have sufficient authorized shares to comply with the foregoing sentence, the Company promptly shall take all steps necessary to amend its Certificate of Incorporation to provide a reserved number of shares of Stock sufficient to effect the exercise in full of this Warrant.

Appears in 2 contracts

Samples: Rowecom Inc, Rowecom Inc

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Reservation of Stock Issuable on Exercise of Warrant. The Company at all times and from time to time shall reserve and keep available, solely for issuance and delivery on the exercise of this Warrant, a number of shares of Common Stock equal to the aggregate number of shares of Common Stock from time to time issuable upon exercise of this Warrant. If at any time the Company does not have sufficient authorized shares to comply with the foregoing sentence, the Company promptly shall take all steps necessary to amend its Certificate of Incorporation to provide a reserved number of shares of Common Stock sufficient to effect the exercise in full of this Warrant.

Appears in 1 contract

Samples: Exchange Agreement (Divine Inc)

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