Authorized Shares of Common Stock, Reservation of Shares. The Company shall at all times, so long as any of the Bridge Notes are outstanding, reserve and keep available out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Bridge Notes, such number of shares of Common Stock equal to or greater than 150% of the number of Conversion Shares issuable upon conversion of the Bridge Notes which are then outstanding or which could be issued at any time under this Agreement.
Appears in 4 contracts
Samples: Pledge Agreement (Cumetrix Data Systems Corp), Bridge Note Purchase and Security Agreement (Tracker Corp of America), Bridge Note Purchase Agreement (Cambex Corp)
Authorized Shares of Common Stock, Reservation of Shares. The Company shall at all times, so long as any of the Bridge Notes are outstandingoutstanding and upon approval and filing of the Charter Amendment, reserve and keep available out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Bridge Notes, such number of shares of Common Stock equal to or greater than 150200% of the number of Conversion Shares issuable upon conversion of the Bridge Notes which are then outstanding or which could be issued at any time under this Agreement.
Appears in 1 contract
Samples: Bridge Note Purchase and Security Agreement (Compositech LTD)
