Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.
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Samples: Stock Purchase Agreement (Hythiam Inc), Securities Purchase Agreement (Akorn Inc), Securities Purchase Agreement (Akorn Inc)
Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.
Appears in 2 contracts
Samples: Purchase Agreement (Westwood One Inc /De/), Purchase Agreement (Gores Radio Holdings, LLC)
Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock Shares for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full to issue such Shares under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock Shares are insufficient for the Company to satisfy its obligations in full to issue such Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized sharesShares.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Realty Capital Properties, Inc.)
Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents Documents, in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.
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Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock Shares for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under to issue all of the Transaction DocumentsCommon Shares. In the event that at any time the then authorized shares of Common Stock Shares are insufficient for the Company to satisfy its obligations in full under to issue all of the Transaction DocumentsCommon Shares, the Company shall promptly take such actions as may be required to increase the number of authorized sharesShares.
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Gramercy Property Trust Inc.)
Reservation of Common Shares. The Company shall at all times maintain a reserve from its duly authorized shares of Common Stock Shares for issuance pursuant to the Transaction Documents authorized Common Shares in such an amount as may be required equal to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase thrice the number of authorized sharesshares sufficient to immediately issue all Common Shares potentially issuable upon any conversion of the Note at such time.
Appears in 1 contract
Samples: Securities Purchase Agreement (Boston Carriers, Inc.)
Reservation of Common Shares. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full to issue such shares under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full to issue such shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.
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