Increase in Authorized Capital Stock. The Company shall have obtained approval from the Board and the written consent of holders of a majority of the Company's outstanding Common Stock of an increase in the number of authorized shares of Common Stock to not less than 500,000,000.
Increase in Authorized Capital Stock. An increase in the ------------------------------------- number of authorized shares United common stock, from 10,000,000 shares to 50,000,000 shares, shall have been approved by a vote of the shareholders of United.
Increase in Authorized Capital Stock. Each of the Holders agrees to vote all Shares owned by such Holder, or over which such Holder has voting control, from time to time and at all times, in whatever manner shall be necessary, to authorize an increase in the authorized Capital Stock so that there will be sufficient shares of Common Stock available for conversion of all of the then-outstanding shares of Preferred Stock at any time that an adjustment thereto or to the conversion price thereof may be necessary pursuant to the Certificate of Incorporation of the Company, as amended.
Increase in Authorized Capital Stock. Prior to the Closing Date, ------------------------------------ the Company shall amend its Articles of Incorporation to increase the authorized number of shares of Common Stock to Four Hundred million (400,000,000).
Increase in Authorized Capital Stock. Prior to the Closing, Buyer will amend its Certificate of Incorporation to increase its authorized common stock to one billion five hundred million (1,500,000,000) shares, par value $.0001 per share, and to authorize the issuance of up to one hundred million (100,000,000) shares of preferred stock, par value $.0001 per share. The amendment will provide that such preferred shares may be issued from time to time in one or more series with such rights, designations, limitations and other terms as may be determined by the Board of Directors in the resolution authorizing each such series. It will also provide that the Board will be expressly authorized to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series prior or subsequent to the issuance of shares in that series. Upon any such decrease, the preferred shares so decreased shall be returned to authorized but unissued preferred shares.
Increase in Authorized Capital Stock. As promptly as practicable following the Closing, the Company shall take commercially reasonable and timely efforts, including without limitation seeking all necessary shareholder approvals at a special meeting of Shareholders or in connection with the Company's next annual meeting, to increase the authorized capital stock of the Company in an amount that will permit the issuance of all of the Additional Shares to Purchaser pursuant to the terms of this Agreement.
Increase in Authorized Capital Stock. As soon as practicable after the date hereof, Purchaser shall take, and shall cause its stockholders to take, all necessary actions, including but not limited to amending Purchaser's certificate of incorporation, to increase the number of authorized shares of Purchaser Common Stock to at least 65,000,000. Purchaser shall reserve 6,000,000 of such shares of Purchaser Common Stock for issuance in connection with Section 1.3(b) hereof and the terms of the Warrants.
Increase in Authorized Capital Stock. Each Stockholder also agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to authorize an increase in the authorized capital stock of the Company so that there will be sufficient shares of Common Stock available for (i) conversion of all of the then-outstanding shares of the Company’s Series C Preferred Stock, (ii) exercise of warrants for Common Stock issued in connection with the Company’s Series C Preferred Stock, if and to the extent that any such conversion or exercise would otherwise be prevented due to an insufficient number of shares of authorized Common Stock, and (iii) issuance upon the exercise, conversion or exchange of then outstanding or contemplated exercisable, convertible, or exchangeable securities of the Company or its subsidiaries.
Increase in Authorized Capital Stock. The Board of Directors of the Company has approved an amendment to the Company's Certificate of Incorporation to increase the authorized number of shares of Common Stock of the Company from 55 million shares to at least 65 million shares. The Company covenants to you that it will present this amendment to its stockholders for approval and will undertake its commercially reasonable efforts to cause such amendment to be approved by the stockholders of the Company as soon as practicable after the date hereof and, in any event, prior to March 31, 2001. You acknowledge that this amendment does not require the approval of holders of the Preferred Stock or the Warrants.
Increase in Authorized Capital Stock. Whenever the holders of any class of Stock shall be entitled to Vote or will Vote shares of Stock for the amendment to the Company’s Articles of Incorporation to increase the number of shares of common stock authorized to at least 150,000,000 or such other number as may be sufficient to allow for the reservation for issuance of all shares of Common Stock underlying each outstanding security convertible or exercisable for, or exchangeable into, Common Stock (the “Capital Stock Proposal”), each Investor shall Vote all shares of Stock held by such Investor for the approval of the Capital Stock Proposal.
