Common use of Common Stock Reserved Clause in Contracts

Common Stock Reserved. The Company shall at all times reserve and keep available for issuance upon the conversion of the Promissory Notes, such number of its authorized but unissued shares of Common Stock as shall from time to time be issuable upon the conversion of all Promissory Notes at the time outstanding.

Appears in 2 contracts

Samples: Axs One Inc, Axs One Inc

AutoNDA by SimpleDocs

Common Stock Reserved. The Company shall at all times reserve and keep available out of its authorized but unissued Common Stock, solely for issuance upon the conversion of the Promissory Notes, such number of its authorized but unissued shares of Common Stock as shall from time to time be issuable upon the conversion of all the Promissory Notes at the time outstanding.

Appears in 2 contracts

Samples: Axs One Inc, Axs One Inc

AutoNDA by SimpleDocs

Common Stock Reserved. The Company Corporation shall at all times reserve and keep available for issuance upon the conversion of the Promissory Notes, such number out of its authorized but unissued shares Common Stock such number of Shares of Common Stock as shall from time to time be issuable upon sufficient to effect the conversion exercise of all Promissory Notes at the time outstandingthis Warrant.

Appears in 1 contract

Samples: Cubic Energy Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!