Reservation of Underlying Shares. (a) The Company covenants at all times to reserve and keep available out of its authorized shares of Common Stock, free from preemptive rights, solely for the purpose of issue upon exercise of the Warrant as herein provided, the maximum number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant.
Appears in 13 contracts
Samples: Warrant (Twinlab Consolidated Holdings, Inc.), Twinlab Consolidated Holdings, Inc., Warrant (Twinlab Consolidated Holdings, Inc.)
Reservation of Underlying Shares. (a) The Company covenants -------------------------------- that it will at all times to reserve and keep available out of the aggregate of its authorized shares of but unissued Common Stock, free from preemptive rights, solely for the purpose of enabling it to issue shares upon exercise of the Warrant as herein provided, the maximum number of shares of Common Stock as shall then be issuable upon the exercise of this WarrantWarrants.
Appears in 2 contracts
Samples: Dermisonics, Inc, Dermisonics, Inc
Reservation of Underlying Shares. (a) The Company covenants that it will at all times to reserve and keep available out of its authorized shares of Common Stock, free from preemptive rights, solely for the purpose of issue upon exercise of the Warrant Warrants as herein provided, the maximum such number of shares of the Common Stock as shall then be issuable upon the exercise of this Warrantall outstanding Warrants into Common Stock. The Company covenants that all shares of the Common Stock issued upon exercise of the Warrant which shall be so issuable shall, when issued, be duly and validly issued and fully paid and non-assessable.
Appears in 1 contract
