Common use of Reservation; Authorization Clause in Contracts

Reservation; Authorization. The Company has reserved and will keep available for issuance upon exercise of the Warrant the total number of Warrant Shares deliverable upon exercise of the Warrant from time to time outstanding. The issuance of this Warrant has been duly and validly authorized and, when issued and sold in accordance with the Warrant, the Warrant Shares (or any portion thereof being issued at the time) will be duly and validly issued, fully paid and nonassessable.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Blackhawk Network Holdings, Inc), Blackhawk Network Holdings, Inc

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Reservation; Authorization. The Company has reserved and will keep available for issuance upon exercise of the Warrant the total number of Warrant Shares deliverable upon exercise of the Warrant from time to time outstanding. The issuance of this Warrant has been duly and validly authorized and, when issued and sold in accordance with the Warrant, the Warrant Shares (or any portion thereof being issued at the time) will be duly and validly issued, fully paid and nonassessable.

Appears in 2 contracts

Samples: Investment Agreement (Blackhawk Network Holdings, Inc), Warrant Issuance Agreement (Blackhawk Network Holdings, Inc)

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