Common use of Share Authorization Clause in Contracts

Share Authorization. The Company covenants and agrees that it shall solicit by proxy the Stockholder Approval (as defined in the Certificate of Designation) by the stockholders of the Company and use its commercially reasonable efforts to obtain the Stockholder Approval not later than one hundred and twenty (l20) days following the date of the First Closing.

Appears in 1 contract

Sources: Securities Purchase Agreement (American Bio Medica Corp)

Share Authorization. The Company covenants and agrees that it shall (i) use its best efforts to solicit by proxy the Stockholder Approval authorization (as defined the "Shareholder Approval") of the issuance of shares of Common Stock in excess of twenty (20) percent of the Certificate outstanding shares of Designation) Common Stock by the stockholders of the Company not later than 60 days following the date of the First Closing, and (ii) use its commercially reasonable best efforts to obtain the Stockholder Shareholder Approval not later than one hundred and twenty (l20) 120 days following the date of the First Closing.

Appears in 1 contract

Sources: Securities Purchase Agreement (Base Ten Systems Inc)

Share Authorization. The Company covenants and agrees that it shall (i) solicit by proxy the Stockholder Approval authorization (as defined in the Certificate "Shareholder Approval") of Designationthe Rule 4460(i) Authorization by the stockholders of the Company and use its commercially reasonable efforts to obtain as well as the Stockholder Approval authorization of additional shares of Common Stock required by Section V.A. of the Certificate of Designation not later than one hundred and twenty (l20) 60 days following the date of the First Closing, and (ii) use its best efforts to obtain the Shareholder Approval not later than 120 days following the date of the Closing.

Appears in 1 contract

Sources: Securities Purchase Agreement (Lasersight Inc /De)

Share Authorization. The Company covenants and agrees that it shall (i) solicit by proxy the Stockholder Approval authorization and approval (as defined in the Certificate "SHAREHOLDER APPROVAL") of Designationthe Rule 4460(i) Authorization by the stockholders of the Company and use its commercially reasonable efforts to obtain the Stockholder Approval not later than one hundred and twenty (l20) 60 days following the date of the First Closing, and (ii) use its best efforts to obtain the Shareholder Approval not later than 120 days following the date of the Closing, including, without limitation, with respect to the proxies referred to in Section 7.1(x) hereof.

Appears in 1 contract

Sources: Securities Purchase Agreement (Molten Metal Technology Inc /De/)