Common use of Company to Reserve Common Stock Clause in Contracts

Company to Reserve Common Stock. (a) The Company shall at all times reserve out of its authorized but unissued Common Stock or Common Stock held in its treasury a sufficient number of shares of Common Stock to permit the conversion, in accordance herewith, of all of the Notes (assuming, for such purposes, that at the time of computation of such number of shares, all such Notes would be held or converted by a single Holder, as applicable).

Appears in 3 contracts

Samples: Supplemental Indenture, Indenture, www.mesquite-energy.com

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Company to Reserve Common Stock. (a) The Company shall will at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Stock or Common Stock held in its treasury a sufficient Stock, for the purpose of effecting the conversion of Notes, the highest number of shares of Common Stock to permit then issuable upon the conversion, in accordance herewith, conversion of all of the outstanding Notes (assuming, for such purposespurpose, that at the time of computation of such number of shares, Physical Settlement were applicable to all such Notes would and such conversions could be held or converted by effected in connection with a single Holder, as applicableFundamental Change).

Appears in 2 contracts

Samples: Indenture (Castle a M & Co), Indenture (Castle a M & Co)

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Company to Reserve Common Stock. (a) 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 Note and for the sale pursuant to the Stock or Common Stock held in its treasury a sufficient Purchase Agreement, the full number of shares of Common Stock to permit then issuable upon the conversion, in accordance herewith, of all conversion of the Notes (assuming, Note that is subject to this Agreement and for such purposes, that at the time of computation of such number of shares, all such Notes would be held or converted by a single Holder, as applicable)sale pursuant to the Stock Purchase Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Micro Therapeutics Inc)

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