Common use of Available Shares Clause in Contracts

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Common Stock sufficient to yield two hundred percent (200%) of the number of shares of Common Stock issuable (i) at conversion as may be required to satisfy the conversion rights of the Buyer pursuant to the terms and conditions of the Preferred Stock which have been issued and not yet converted, and (ii) upon exercise as may be required to satisfy the exercise rights of the Buyer pursuant to the terms and conditions of the Warrants which have been issued and not yet converted.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Esat Inc), Securities Purchase Agreement (Esat Inc), Securities Purchase Agreement (Colormax Technologies Inc)

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Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Common Stock sufficient to yield two the aggregate of (i) one hundred fifty percent (200150%) of the number of shares of Common Stock issuable (i) at conversion as may be required to satisfy the conversion rights of the Buyer pursuant to the terms and conditions of the Certificate of Designations or to represent payment of dividends on the Preferred Stock which have been issued and not yet converted, and (ii) the number of shares issuable upon exercise as may be required to satisfy the exercise rights of the Buyer pursuant to the terms and conditions of the Warrants which have been issued and not yet convertedWarrants.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Henley Healthcare Inc), Securities Purchase Agreement (Natural Health Trends Corp)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Preferred and Common Stock sufficient to yield two hundred percent (200%) of the number of shares of Preferred or Common Stock issuable (i) at conversion as may be required to satisfy the conversion rights of the Buyer pursuant to the terms and conditions of the Preferred Stock which have been issued and not yet converted, and (ii) upon exercise as may be required to satisfy Stock. Company agrees when it files the exercise rights registration statement in accordance with the terms of the Buyer pursuant to Registration Rights Agreement it will register 2.5 times the terms and conditions number of shares of Common Stock that Buyer's Preferred Stock would have converted into on the Warrants which have been issued and not yet converteddate of filing such Registration Statement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Harvest Restaurant Group Inc), Securities Purchase Agreement (Harvest Restaurant Group Inc)

Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Common Stock sufficient to yield two one hundred percent (200100%) of the number of shares of Common Stock issuable (i) at conversion as may be required to satisfy the conversion rights of the Buyer pursuant to the terms and conditions of the Preferred Series F Stock which have been issued and not yet converted, and been converted (ii) upon exercise including the shares of Common Stock which may issued as may be required to satisfy the exercise rights of the Buyer pursuant to the terms and conditions of the Warrants which have been issued and not yet converteddividends on such Series F Stock).

Appears in 1 contract

Samples: Securities Purchase Agreement (Play Co Toys & Entertainment Corp)

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Available Shares. The Company shall have at all times authorized and reserved for issuance, free from preemptive rights, shares of Common Stock sufficient to yield two hundred percent (200%) of the number of shares of Common Stock issuable (i) at conversion as may be required to satisfy the conversion rights of the Buyer pursuant to the terms and conditions of the Preferred Stock Debentures which have been issued and not yet converted, converted and (ii) upon exercise as may be required to satisfy the exercise rights of the Buyer pursuant to the terms and conditions of the Warrants which have been issued and not yet convertedexercised.

Appears in 1 contract

Samples: Securities Purchase Agreement (Information Architects Corp)

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