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

Reservation and Availability of Preferred Stock. (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 Units of Preferred Stock not reserved for another purpose that will be sufficient to permit the exercise in full of all outstanding Rights. Upon the occurrence of any events resulting in an increase in the aggregate number of shares of Preferred Stock (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then reserved, the Company shall make appropriate increases in the number of shares so reserved.

Appears in 33 contracts

Samples: Rights Agreement (Iteris Holdings Inc), Rights Agreement (Cisco Systems Inc), Rights Agreement (Corsair Communications Inc)

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Reservation and Availability of Preferred Stock. (a) The Company covenants and agrees that it will use its reasonable commercial best efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued Units of Preferred Stock not reserved for another purpose that will be sufficient to permit the exercise in full of all outstanding Rights. Upon the occurrence of any events resulting in an increase in the aggregate number of shares of Preferred Stock (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then reserved, the Company shall make appropriate increases in the number of shares so reserved.

Appears in 2 contracts

Samples: Rights Agreement (Globecomm Systems Inc), Rights Agreement (Globecomm Systems Inc)

Reservation and Availability of Preferred Stock. (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 Units shares of Preferred Stock or any shares of Preferred Stock held in its treasury, not reserved for another purpose purpose, that will be sufficient to permit the exercise in full of all outstanding Rights. Upon the occurrence of any events resulting in an increase in the aggregate number of shares of Preferred Stock (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then reserved, the Company shall make appropriate increases in the number of shares so reserved.

Appears in 2 contracts

Samples: Rights Agreement (Microtest Inc), Rights Agreement (Burr Brown Corp)

Reservation and Availability of Preferred Stock. (a) The Company covenants and agrees that it will use its best commercially reasonable efforts to cause to be reserved and kept available out of and to the extent of its authorized and unissued Units of Preferred Stock not reserved for another purpose a number of shares of Preferred Stock that will be sufficient to permit the exercise in full of all outstanding Rights. Upon the occurrence of any events resulting in an increase in the aggregate number of shares of Preferred Stock (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then reserved, the Company shall make appropriate increases in the number of shares so reserved.

Appears in 2 contracts

Samples: Rights Agreement (Inspire Pharmaceuticals Inc), Rights Agreement (Inspire Pharmaceuticals Inc)

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Reservation and Availability of Preferred Stock. (a) The Company covenants and agrees that it will use its best commercially reasonable efforts to cause to be reserved and kept available out of of, and to the extent of of, its authorized and unissued Units of Preferred Stock not reserved for another purpose a number of shares that will be sufficient to permit the exercise in full of all outstanding RightsRights in accordance with this Agreement. Upon the occurrence of any events resulting in an increase in the aggregate number of shares of Preferred Stock (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then reserved, the Company shall make appropriate increases in the number of shares so reserved.

Appears in 1 contract

Samples: Rights Agreement (Register Com Inc)

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