Common use of Reservation of Stock Issuable Upon Conversion Clause in Contracts

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Business Loan Agreement July 2003 (Utix Group Inc), Convertible Loan Agreement October 2003 (Utix Group Inc), Business Loan Agreement July 2003 (Utix Group Inc)

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Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount and, if applicable, accrued and unpaid interest, of this the Note, in addition to without limitation of such other remedies as shall be available to the holder Lender of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Delta Mutual Inc, Delta Mutual Inc, Delta Mutual Inc

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Loop Industries, Inc., Loop Industries, Inc., Arista Networks, Inc.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock (and/or its treasury stock) shall not be sufficient to effect the conversion of the entire outstanding principal amount of this the Note, in addition to such other remedies as shall be available to the holder of this the Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock (and/or its treasury stock) to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Purchase Agreement (Lubys Inc), Credit Agreement (Lubys Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the conversion of the Note such Note, a number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Temtex Industries Inc, Temtex Industries Inc

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock common stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock common stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock common stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock common stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Nuburu, Inc., Nuburu, Inc.

Reservation of Stock Issuable Upon Conversion. The Company shall --------------------------------------------- at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the this Note; and if . If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this NoteNote and interest accrued thereon pursuant hereto, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Biomarin Pharmaceutical Inc), Convertible Note Purchase Agreement (Biomarin Pharmaceutical Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount and accrued interest of this Note, in addition to such other remedies as shall be available to the holder of this NoteHolder, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Subordination Agreement (Cyberguard Corp), Loan Agreement (Cyberguard Corp)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note Notes such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the NoteNotes; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Notethe Notes, together with accrued interest thereon, in addition to such other remedies as shall be available to the holder of this Notethe Notes, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Note Conversion Agreement (Rodman & Renshaw Capital Group Inc), Note Conversion Agreement (Abaco Grupo Financiero Sa De Cv /Adr/)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate corporation action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Agreement (Pinnacle Holdings Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times use its best efforts to reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the conversion of the Note Debenture, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Noteall then outstanding Debenture; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire all then outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this NoteDebenture, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Calypte Biomedical Corp)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Note,.Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Team Communication Group Inc

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of MBIF’s Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of MBIF’s Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of MBIF’s Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of MBIF’s Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: MBI Financial, Inc.

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available available, out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note Notes, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the NoteNotes; and if at any time the number of authorized but unissued shares of Common Stock (and shares of its Common Stock for issuance on conversion of such Common Stock) shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Identica Holdings Corp

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Reservation of Stock Issuable Upon Conversion. The After the Conversion Date, the Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock common stock solely for the purpose of effecting the conversion of the Note outstanding Tranche 2 Principal Amount such number of its shares of Common Stock common stock as shall from time to time be sufficient to effect the conversion of the Noteoutstanding Tranche 2 Principal Amount; and if at any time the number of authorized but unissued shares of Common Stock common stock shall not be sufficient to effect the conversion of the entire outstanding principal amount Tranche 2 Principal Amount, without limitation of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock common stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Subordination Agreement (ImmunityBio, Inc.)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note this Debenture such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the NoteDebenture; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this NoteDebenture, in addition to without limitation of such other remedies as shall be available to the holder of this NoteDebenture, the Company will use its best commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Registration Rights Agreement (IMMS, Inc.)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available available, out of its authorized but unissued shares of Common Stock and solely for the purpose of effecting the conversion of the Note Notes, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the NoteNotes; and if at any time the number of authorized but unissued shares of Common Stock (and shares of its Common Stock for issuance on conversion of such Common Stock) shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Eautoclaims Com Inc

Reservation of Stock Issuable Upon Conversion. The Company shall will at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall is sufficient from time to time be sufficient to effect the conversion of the this Note; and if . If at any time the number of authorized but unissued shares of Common Stock shall is not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall may be available to the holder of this Note, then the Company will use its best commercial efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be is sufficient for such purposes.

Appears in 1 contract

Samples: Jones Soda Co

Reservation of Stock Issuable Upon Conversion. The After the Conversion Date, the Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock common stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock common stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock common stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock common stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: ImmunityBio, Inc.

Reservation of Stock Issuable Upon Conversion. The Company This Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note shares of the Preferred Stock such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Note; Preferred Stock subject to the limitations set forth in Section 5, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the entire outstanding principal amount of Preferred Stock eligible for conversion, this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company Corporation will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Rights Agreement (Adept Technology Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Third Wave Technologies Inc /Wi)

Reservation of Stock Issuable Upon Conversion. The At all times while this Note shall be convertible into shares of common stock, the Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock common stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock such common stock as shall from time to time be sufficient to effect the conversion of this Note in full. In the Note; and if at any time event that the number of authorized but unissued shares of Common Stock such common stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, then in addition to such other remedies as shall be available to the holder of this NoteHolder, the Company will use its best efforts to shall take such corporate action as may, in the opinion of its counsel, may be necessary to increase its authorized but unissued shares of Common Stock such common stock to such number of shares as shall be sufficient for such purposespurpose.

Appears in 1 contract

Samples: Trilateral Agreement (Elemental Protective Coating Corp.)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the this Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this Note, in addition to without limitation of such other remedies as shall be available to the holder of this Note, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of its Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Ista Pharmaceuticals Inc

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