Common use of Reservation and Availability of Preferred Shares Clause in Contracts

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will use its best efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock and/or other securities), the number of Preferred Shares (and, following the occurrence of the Triggering Event, Common Stock and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7.

Appears in 3 contracts

Samples: Rights Agreement (Asure Software Inc), Rights Agreement (Forgent Networks Inc), Preferred Shares Rights Agreement (Entertainment Distribution Co Inc)

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Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will use its best efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued shares of Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock Shares and/or other securities), the number of Preferred Shares (and, following the occurrence of the Triggering Event, Common Stock Shares and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7Rights.

Appears in 1 contract

Samples: Exhibit 1 (Maxxim Medical Inc)

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will use its best efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock Shares and/or other securities), the number of Preferred Shares (and, following the occurrence of the Triggering Event, Common Stock Shares and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7.Rights

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Novell Inc)

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Reservation and Availability of Preferred Shares. (a) a. The Company covenants and agrees that it will use its best efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock and/or other securities), the number of Preferred Shares (and, following the occurrence of the Triggering Event, Common Stock and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7.

Appears in 1 contract

Samples: Rights Agreement (Asure Software Inc)

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