Reservations of Shares. As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock for the purpose of enabling the Company to issue shares of Common Stock pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.
Reservations of Shares. Subject to an increase in the Company's authorized or available shares of Common Stock for future issuance, the Company shall reserve at all times so long as this Warrant remains outstanding, free from preemptive rights, out of its treasury Common Stock or its authorized but unissued shares of Common Stock, or both, solely for the purpose of effecting the exercise of this Warrant, sufficient shares of Common Stock to provide for the exercise hereof
Reservations of Shares. The Company shall reserve at all times so long as this Warrant remains outstanding, free from preemptive rights, out of its treasury Common Stock or its authorized but unissued shares of Common Stock, or both, solely for the purpose of effecting the exercise of this Warrant, sufficient shares of Common Stock to provide for the exercise hereof. The Company shall cause to be executed and issued the necessary certificate or statement evidencing ownership in book-entry form for the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Registered Holder as set forth in this Warrant against impairment. Without limiting the generality of the foregoing, the Company will (a) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately prior to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (c) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.
Reservations of Shares. The number of shares of capital stock of the Tenant reserved for issuance is as follows:
Reservations of Shares. The Company shall reserve and keep available out of its authorized Common Stock, solely for the purpose of issue and delivery upon exercise of the Warrants, such number of shares of Common Stock as shall then be issuable or deliverable upon exercise of the Warrants (assuming, for these purposes, that the maximum number of Warrants issuable under this Agreement are issued and outstanding). Such shares of Common Stock shall, when issued or delivered, be duly and validly issued, fully paid and non-assessable, shall be free and clear of any Liens and shall not be subject to any preemptive or similar rights that have not been waived.
Reservations of Shares. The Company, during the term of this Option, will at all times reserve and keep available such number of shares as shall be sufficient to satisfy the requirements of this Agreement. The inability of the Company to obtain from any regulatory body having jurisdiction, authority or approval deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares hereunder, shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which the requisite authority or approval shall not have been obtained.
Reservations of Shares. 17 6.10 No Further Issuance of Additional Securities........................................18 6.11 Listing.............................................................................18 6.12
Reservations of Shares. 16 4.6 Litigation............................................................. 16
Reservations of Shares. The Borrower has reserved for ---------------------- issuance and set apart, free from preemptive rights, the number of authorized but unissued Ordinary Shares necessary to permit the exercise in full of (i) the Lender's Conversion Rights and (ii) the payment issuance of the Fee Shares pursuant to the Investment Advice Agreement. Moreover, the issuance of such shares has been duly and validly authorized, and when issued and sold in accordance with this Agreement and the Investment Advice Agreement, as applicable, such shares will be duly and validly issued, fully paid and nonassessable.
Reservations of Shares. (a) For so long as the shares of the Series C Preferred Stock are convertible, the Company shall reserve that number of shares of Common Stock issuable upon conversion of the Series C Preferred Stock, which shares shall not be subject to any preemptive or other similar rights.
