Common use of Availability of Common Stock Clause in Contracts

Availability of Common Stock. The Company shall, 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 Preferred Shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sunpharm Corporation), Securities Purchase Agreement (Sunpharm Corporation)

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Availability of Common Stock. The Company shall, will from time to time, in accordance with the laws of the state of its incorporation 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 Preferred SharesStock.

Appears in 2 contracts

Samples: Purchase Agreement (Higher One Holdings, Inc.), Investor Rights Agreement (Higher One Holdings, Inc.)

Availability of Common Stock. The Company shallwill, from time to time, in accordance with the laws of the state of its incorporation 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 Preferred SharesStock.

Appears in 1 contract

Samples: Rights Agreement (Gene Logic Inc)

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Availability of Common Stock. The Company shall, from time to time, in accordance with the laws of the state of its incorporation and the Warrant Agreement, 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 exercise or conversion of all the then outstanding Preferred Warrants Shares.

Appears in 1 contract

Samples: Unit Purchase Agreement (Sunpharm Corporation)

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