Common use of RESERVATION AND AUTHORIZATION OF COMMON STOCK Clause in Contracts

RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 6 contracts

Samples: Warrant Agreement (Teraglobal Communications Corp), Warrant Agreement (Teraglobal Communications Corp), Warrant Agreement (Teraglobal Communications Corp)

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RESERVATION AND AUTHORIZATION OF COMMON STOCK. The From and after such time that the Company obtains shareholder approval to increase the Company’s number of authorized shares, the Company shall at all times reserve a sufficient and keep available for issue upon the exercise of Warrants such number of its authorized but unissued shares of common stock for issuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, Common Stock as will be duly authorized, validly issued, fully paid and non-assessablesufficient to permit the exercise in full of all outstanding Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Warrant Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient and keep available for issuance such number of its authorized but unissued shares of common stock for issuance upon Common Stock as will be sufficient to permit the exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genaissance Pharmaceuticals Inc)

RESERVATION AND AUTHORIZATION OF COMMON STOCK. (a) Reservation of ------------------------------------------------ --------------- Shares. The Company shall at all times reserve a sufficient and keep available for issuance ------ upon the exercise of this Warrant such number of its authorized but unissued shares of common stock for issuance Common Stock as will be sufficient to permit the exercise in full of this Warrant. All shares of Common Stock issuable upon exercise of this Warrant, which stock, upon issuance Warrant and payment therefor in accordance with the terms of this Warrant, will Warrant shall be duly authorized, and validly issued, issued and fully paid and non-assessablenonassessable, and not subject to preemptive rights.

Appears in 1 contract

Samples: Warrant Agreement (Lexmark International Group Inc)

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RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance isuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Warrant Agreement (Teraglobal Communications Corp)

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