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 at all times prior to the occurrence of a Section 11(a)(ii) Event it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares, or any authorized and unissued Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit the exercise in full of all outstanding Rights and, after the occurrence of a Section 11(a)(ii) Event, shall, to the extent reasonably practicable, so reserve and keep available a sufficient number of Common Shares (and/or other securities) that may be required to permit the exercise in full of the Rights pursuant to this Agreement.

Appears in 4 contracts

Samples: Rights Agreement, Rights Agreement (Global Self Storage, Inc.), Rights Agreement (Global Self Storage, Inc.)

AutoNDA by SimpleDocs

Reservation and Availability of Preferred Shares. (a) The Company covenants and agrees that at all times prior to the occurrence of a Section 11(a)(ii) Event it will shall cause to be reserved and kept available out of its authorized and unissued Preferred Shares, or any authorized and unissued issued Preferred Shares (and, following the occurrence of a Triggering Event, Ordinary Shares and other securities) held in its treasury, the number of Preferred Shares (and, following the occurrence of a Triggering Event, Ordinary Shares and other securities) that will be sufficient (in accordance with the provisions of this Agreement, including Section 11(a)(iii) hereof) to permit the exercise in full of all outstanding Rights and, after the occurrence of a Section 11(a)(ii) Event, shall, to the extent reasonably practicable, so reserve and keep available a sufficient number of Common Shares (and/or other securities) that may be required to permit the exercise in full of the Rights pursuant to this AgreementRights.

Appears in 2 contracts

Samples: Rights Agreement (Hollysys Automation Technologies, Ltd.), Rights Agreement (Hollysys Automation Technologies, Ltd.)

AutoNDA by SimpleDocs

Reservation and Availability of Preferred Shares. (a) The Company Corporation covenants and agrees that at all times prior to the occurrence of a Section 11(a)(ii) Event it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares, or any authorized and unissued issued Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit the exercise in full of all outstanding Rights and, after the occurrence of a Section 11(a)(ii) Event, shall, to the extent reasonably practicable, so reserve and keep available a sufficient number of shares of Common Shares Stock (and/or other securities) that which may be required to permit the exercise in full of the Rights pursuant to this Agreement.

Appears in 1 contract

Samples: Rights Agreement (American Oncology Resources Inc /De/)

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