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 cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock (or, following the occurrence of a Triggering Event, out of its authorized and unissued Preferred Stock or other securities, as the case may be), the number of shares of Preferred Stock (or such other securities) that, except as provided in Section 11(a)(iii) hereof, will be sufficient from time to time to permit the exercise in full of all outstanding Rights and all Rights that are at the time issuable, in accordance with the provisions of this Agreement.

Appears in 15 contracts

Samples: Rights Agreement (Tredegar Corp), Rights Agreement (Tredegar Corp), Rights Agreement (Tredegar Corp)

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Reservation and Availability of Preferred Stock. (a) The Company covenants and agrees that it will shall cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock, or any authorized and issued shares of Preferred Stock (orand, following the occurrence of a Triggering Event, out shares of its authorized Common Stock and unissued Preferred Stock or other securities, as the case may be)) held in its treasury, the number of shares of Preferred Stock (or such and, following the occurrence of a Triggering Event, shares of Common Stock and other securities) thatthat will be sufficient (in accordance with the provisions of this Agreement, except as provided in including Section 11(a)(iii) hereof, will be sufficient from time to time ) to permit the exercise in full of all outstanding Rights and all Rights that are at the time issuable, in accordance with the provisions of this AgreementRights.

Appears in 10 contracts

Samples: Rights Agreement (Fiberstars Inc /Ca/), Rights Agreement (Techwell Inc), Rights Agreement (Clearwater Paper Corp)

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Reservation and Availability of Preferred Stock. (a) The Company covenants and agrees that it will cause to be reserved and kept available at all times out of its authorized and unissued shares of Preferred Stock (orand, following the Stock Acquisition Date or the occurrence of a Triggering EventBusiness Combination, out of its authorized and unissued Preferred shares of Common Stock or and/or other securities) free from preemptive rights or any right of first refusal, as the case may be), the a sufficient number of shares of Preferred Stock (or such and, following the Stock Acquisition Date, shares of Common Stock and/or other securities) that, except as provided in Section 11(a)(iii) hereof, will be sufficient from time to time to permit the exercise in full of all outstanding Rights and all Rights that are at the from time issuable, in accordance with the provisions of this Agreementto time outstanding.

Appears in 2 contracts

Samples: Rights Agreement (Strategic Hotels & Resorts, Inc), Rights Agreement (Strategic Hotels & Resorts, Inc)

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