Common use of Reservation Clause in Contracts

Reservation. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares or other securities, or out of its authorized and issued shares held in treasury), the number of Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 22 contracts

Samples: Preferred Shares Rights Agreement (China Biologic Products, Inc.), Tax Benefit Preservation Plan (Digirad Corp), Tax Benefit Preservation Plan (Capstone Therapeutics Corp.)

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Reservation. The Company covenants and agrees that it will use all reasonable its best efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares Stock not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares Stock or other securities, or out of its authorized and issued shares held in treasury), the number of shares of Preferred Shares Stock (and, following the occurrence of a Triggering Event, shares of Common Shares Stock or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 9 contracts

Samples: Rights Agreement (Vanda Pharmaceuticals Inc.), Preferred Stock Rights Agreement (Zymeworks Delaware Inc.), Preferred Stock Rights Agreement (Zymeworks Delaware Inc.)

Reservation. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares Stock not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares Stock or other securities, or out of its authorized and issued shares held in treasury), the number of shares of Preferred Shares Stock (and, following the occurrence of a Triggering Event, shares of Common Shares Stock or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (Woodward, Inc.), Preferred Stock Rights Agreement (KBS Fashion Group LTD)

Reservation. The Company covenants and agrees that it will use all reasonable its best efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares or other securities, or out of its authorized and issued shares held in treasury), the number of Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 2 contracts

Samples: Preferred Shares Rights Agreement (Zymeworks Inc.), Preferred Shares Rights Agreement

Reservation. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Ordinary Shares or other securities, or out of its authorized and issued shares held in treasury), the number of Preferred Shares (and, following the occurrence of a Triggering Event, Common Ordinary Shares or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (China Biologic Products Holdings, Inc.)

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Reservation. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and kept available out of its authorized and unissued Series G Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares or other securities, or out of its authorized and issued shares held in treasury), the number of Series G Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan (Crossroads Systems Inc)

Reservation. The Company covenants and agrees that it will use all reasonable reasonableits best efforts to cause to be reserved and kept available out of its authorized and unissued Preferred Shares Stock not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares Stock or other securities, or out of its authorized and issued shares held in treasury), the number of shares of Preferred Shares Stock (and, following the occurrence of a Triggering Event, shares of Common Shares Stock or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement

Reservation. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and kept available out of its authorized and unissued Series D Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares or other securities, or out of its authorized and issued shares held in treasury), the number of Series D Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 1 contract

Samples: Tax Asset Protection Plan (Wet Seal Inc)

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