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 California, increase the authorized amount of Common Stock prior to such time as the failure to do so would cause the number of shares of Common Stock remaining authorized and unissued to be insufficient to permit conversion of all the then outstanding Shares.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Viasat Inc)

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Availability of Common Stock for Conversion. The Company will, will from time to time, in accordance with the laws of the State of California, increase the authorized amount of Common Stock prior to such if at any time as the failure to do so would cause the number of shares of Common Stock remaining authorized unissued and unissued to available for issuance shall be insufficient to permit conversion of all the then outstanding Sharesshares of Series A Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Combichem Inc)

Availability of Common Stock for Conversion. The Company will, will ------------------------------------------- from time to time, in accordance with the laws of the State of California, increase the authorized amount of Common Stock prior to such if at any time as the failure to do so would cause the number of shares of Common Stock remaining authorized unissued and unissued to available for issuance shall be insufficient to permit conversion of all the then outstanding shares of the Shares and Warrant Shares.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Genesys Telecommunications Laboratories Inc)

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Availability of Common Stock for Conversion. The Company will, will from time to time, in accordance with the laws of the State of California, increase the authorized amount of Common Stock prior to such if at any time as the failure to do so would cause the number of shares of Common Stock remaining authorized unissued and unissued to available for issuance shall be insufficient to permit conversion of all the then outstanding Sharesshares of Series B Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Combichem Inc)

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