Covenant to Reserve Shares for Issuance on Exercise. (a) The Board of Directors has authorized and will reserve for issuance such number of shares of Common Stock as the Board of Directors believes will be issuable upon the exercise of all outstanding Warrants for shares of Common Stock (assuming, for purposes of this covenant, that Full Physical Settlement applies to all Warrants exercised hereunder). The Company covenants that all shares of Common Stock that shall be so issuable shall be duly and validly issued, fully paid and non-assessable.
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Samples: Warrant Agreement, Warrant Agreement (General Motors Co), Warrant Agreement (General Motors Co)
Covenant to Reserve Shares for Issuance on Exercise. (a) The Board of Directors has authorized and will reserve reserved for issuance such maximum number of shares of Common Stock as the Board of Directors believes will be issuable upon the exercise of underlying all outstanding Warrants for shares of Common Stock (assuming, for purposes of this covenant, that Full Physical Settlement applies to all Warrants exercised hereunder)Stock. The Company covenants that all shares of Common Stock that shall be so issuable shall be duly and validly issued, fully paid and non-assessable.
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