Common use of Reservation and Issuance of Shares Clause in Contracts

Reservation and Issuance of Shares. a. The Company will at all times have authorized, and reserve and keep available, free from preemptive rights, for the purpose of enabling it to satisfy any obligation to issue the number of shares of Common Stock deliverable upon exercise of the Option.

Reservation and Issuance of Shares. a. The Company will at all times have authorized, and reserve and keep available, free from preemptive rights, the number of shares of Common Stock that is sufficient for the purpose of enabling it to satisfy any obligation to issue the number of shares of Common Stock deliverable upon exercise of the Option.

Reservation and Issuance of Shares. a. The Company will at all times have authorized, and reserve and keep available, free from preemptive rights, for the purpose of enabling it to satisfy any obligation to issue the number of shares of Common Stock deliverable upon exercise of the Option. b. The Company covenants that all Shares will, upon issuance in accordance with the terms of this Agreement, be duly authorized, fully paid and non-assessable. 8.