Common use of Reservation of Capital Stock Clause in Contracts

Reservation of Capital Stock. The Company will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock and/or other securities or out of its authorized and issued shares of Common Stock held in its treasury), the number of shares of Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) that, as provided in this Agreement, including the rights of the Company under Section 11(a)(iii) (Adjustment of Purchase Price; Number and Kind of Shares or Number of Rights -- Certain Adjustments) to otherwise fulfill its obligations, will be sufficient to permit the exercise in full of all outstanding Rights.

Appears in 6 contracts

Samples: Rights Agreement (Cameron Ashley Building Products Inc), Rights Agreement (Pegasus Systems Inc), Rights Agreement (Pegasus Systems Inc)

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