Common use of Reserve Shares Clause in Contracts

Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred Stock or the exercise of the Warrants, the number of shares of Common Stock and Non-Voting Common Stock from time to time issuable upon conversion of all shares of the Preferred Stock and exercise of the Warrants at the time outstanding. All shares of Common Stock and Non-Voting Common Stock issuable upon conversion of the Preferred Stock or the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.

Reserve Shares. The After the Closing, the Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred Stock or Share and the exercise of the Warrants, the number of shares of Common Stock and Non-Voting Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Stock and Shares or upon the exercise of the Warrants at the time outstanding. All shares of Common Stock and Non-Voting Class A Common Stock issuable upon conversion of the Preferred Stock Shares or upon the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.