Availability of Common Stock. The Company shall at all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of the Shares, the full number of shares of Common Stock then issuable upon the conversion of the Shares. The Company will, from time to time, in accordance with the laws of the State of Delaware, 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 the Shares.
Appears in 6 contracts
Samples: Securities Purchase Agreement (Learning Co Inc), Securities Purchase Agreement (Lee Thomas H Equity Fund Iii L P), Securities Purchase Agreement (Lee Thomas H Equity Fund Iii L P)
Availability of Common Stock. The Company shall at all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of the SharesSeries A Preferred Stock, at least the full number of shares of Common Stock then issuable upon the conversion of the Sharessuch securities. The Company will, from time to time, in accordance with the laws of the State of Delaware, 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 the SharesSeries A Preferred Stock.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (New Mountain Partners Lp)
