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 cause to be reserved and kept available out of its authorized and unissued Preferred Shares or any Preferred Shares held in its treasury, a number of Preferred Shares (or other securities) sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7 of this Agreement.

Appears in 6 contracts

Samples: Rights Agreement (Cubist Pharmaceuticals Inc), Rights Agreement (Waters Corp /De/), Rights Agreement (Cubist Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares Shares, or any authorized and issued Preferred Shares held in its treasury, a the number of Preferred Shares and, after the occurrence of an event specified in Section 11 and 13 hereof, shall so reserve and keep available a sufficient number of Common Shares (or and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7 of this AgreementRights.

Appears in 5 contracts

Samples: Rights Agreement (Harvest Natural Resources, Inc.), Rights Agreement (Harvest Natural Resources Inc), Rights Agreement (Harvest Natural Resources 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 shares of Preferred Stock not reserved for another purpose (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Shares or any Preferred Shares held in its treasuryand/or other securities), a the number of Preferred Shares (or and, following the occurrence of the Triggering Event, Common Shares and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7 of this AgreementRights.

Appears in 5 contracts

Samples: Preferred Shares Rights Agreement (Oracle Corp), Preferred Shares Rights Agreement (Oracle Corp /De/), Preferred Shares Rights Agreement (Retix)

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will shall cause to be reserved and kept available out of its authorized and unissued Preferred Shares or any Preferred Shares held in its treasury, a the number of Preferred Shares (or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7 of this Agreement.

Appears in 4 contracts

Samples: Rights Agreement (General Scanning Inc \Ma\), Rights Agreement (Xionics Document Technologies Inc), Rights Agreement (Uromed Corp)

AutoNDA by SimpleDocs

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares Shares, free from preemptive rights or any Preferred Shares held in its treasuryright of first refusal, a number of Preferred Shares (or other securities) sufficient to permit the exercise pursuant to Section 7 or exchange pursuant to Section 11 in full of all outstanding Rights in accordance with Section 7 of this AgreementRights.

Appears in 4 contracts

Samples: Rights Agreement (Union Planters Corp), Rights Agreement (Sypris Solutions Inc), Rights Agreement (Ashland Inc)

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

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (infoGROUP Inc.), Rights Agreement (Outsource International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.