Common use of Availability of Common Stock for Conversion Clause in Contracts

Availability of Common Stock for Conversion. The Company will, from time to time, in accordance with the laws of the state of its incorporation, increase the authorized amount of Common Stock if at any time the number of shares of Common Stock remaining unissued and available for issuance shall be insufficient to permit conversion of all the then outstanding shares of Preferred.

Appears in 2 contracts

Samples: Seamed Corp, Seamed Corp

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Availability of Common Stock for Conversion. The Company will, from ------------------------------------------- time to time, in accordance with the laws of the state of its incorporation, increase the authorized amount of Common Stock if at any time the number of shares of Common Stock remaining unissued and available for issuance shall be insufficient to permit conversion of all the then outstanding shares of Preferred.

Appears in 1 contract

Samples: Purchase Agreement (Applied Micro Circuits Corp)

Availability of Common Stock for Conversion. The Company Company, Subsidiary and each Other Subsidiary will, from time to time, in accordance with the laws of the state of its incorporation, increase the authorized amount of Common Stock if at any time the number of shares of Common Stock remaining unissued and available for issuance shall be insufficient to permit the conversion of all the then outstanding shares of Preferredthe Series C Preferred and issuance of the Warrant Shares.

Appears in 1 contract

Samples: Schedules and Exhibits (Softlock Com Inc)

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Availability of Common Stock for Conversion. The Company will, ------------------------------------------- from time to time, in accordance with the laws of the state of its incorporation, increase the authorized amount of Common Stock if at any time the number of shares of Common Stock remaining unissued and available for issuance shall be insufficient to permit conversion of all the then outstanding shares of Preferred.

Appears in 1 contract

Samples: Purchase Agreement (Applied Micro Circuits Corp)

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