Common use of Reservation and Availability of Shares of Common Stock; Other Covenants Clause in Contracts

Reservation and Availability of Shares of Common Stock; Other Covenants. (a) The Company covenants and agrees that on and after the Distribution Date, it shall use reasonable efforts to cause to be reserved and kept available out of its authorized and unissued shares of Common Stock (or, following the occurrence of a Common Stock Event, out of its authorized and unissued shares of Common Stock and/or Other Consideration, or out of its authorized and issued shares held in its treasury), the number of shares of Common Stock (or, following a Common Stock Event, shares and/or similar units of Common Stock and/or Other Consideration) that, except as provided in Section 11(a)(iii) hereof, would then be sufficient to permit the exercise in full of all outstanding Warrants; provided, that the reservation of such shares, however, shall be subject and subordinate to any other reservation of such shares made by the Company at any time for any lawful purpose; provided, further, however, that in no event shall such failure to so reserve shares affect the Warrants of any holder of Warrants hereunder.

Appears in 2 contracts

Samples: Warrants Agreement (Icrown Corp), Warrants Agreement (Inet Technology Group Inc)

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Reservation and Availability of Shares of Common Stock; Other Covenants. (a) The Company covenants and agrees that on and after as long as any of the Distribution DateRights are outstanding, it shall use reasonable efforts to will cause to be reserved and kept available out of its authorized and unissued shares of Common Stock (or, following the occurrence of a Common Stock Event, out of its authorized and unissued shares of Common Stock and/or Other Considerationother securities, or out of its authorized and issued shares held in its treasury), the number of shares of Common Stock (or, following a Common Stock Event, shares and/or similar units of Common Stock and/or Other Considerationother securities) that, except as provided in Section 11(a)(iii) hereof, would then be sufficient to permit the exercise in full of all outstanding WarrantsRights; provided, however, that the reservation of such shares, however, shares shall be subject and subordinate to any other reservation of such shares made by the Company at any time for any lawful purpose; provided, further, however, that in no event shall such failure to so reserve shares affect the Warrants rights of any holder of Warrants Rights hereunder.

Appears in 2 contracts

Samples: Common Stock Rights Agreement (Mykrolis Corp), Common Stock Rights Agreement (Mykrolis Corp)

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Reservation and Availability of Shares of Common Stock; Other Covenants. (a) The Company covenants and agrees that on and after the Distribution Date, it shall will use reasonable efforts to cause to be reserved and kept available out of its authorized and unissued shares of Common Stock (or, following the occurrence of a Common Stock Event, out of its authorized and unissued shares of Common Stock and/or Other Considerationother securities, or out of its authorized and issued shares held in its treasury), the number of shares of Common Stock (or, following a Common Stock Event, shares and/or similar units of Common Stock and/or Other Considerationother securities) that, except as provided in Section 11(a)(iii) hereof, would then be sufficient to permit the exercise in full of all outstanding WarrantsRights; provided, however, that the reservation of such shares, however, shares shall be subject and subordinate to any other reservation of such shares made by the Company at any time for any lawful purpose; provided, further, however, that in no event shall such failure to so reserve shares affect the Warrants rights of any holder of Warrants Rights hereunder.

Appears in 1 contract

Samples: Rights Agreement (Hanover Insurance Group, Inc.)

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