Common use of Reservation of Common Shares Clause in Contracts

Reservation of Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of Common Stock or its issued shares of Common Stock held in its treasury, or both, sufficient shares of Common Stock to provide for the issuance of the Common Shares in an amount equal to the Maximum Share Amount less the number of Common Shares previously issued hereunder.

Appears in 3 contracts

Samples: Equity Financing Agreement (Pantera Petroleum Inc.), Equity Line Financing Agreement (Biopure Corp), Equity Line Financing Agreement (Biopure Corp)

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Reservation of Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of Common Stock or its issued shares of Common Stock held in its treasury, or both, sufficient shares of Common Stock to provide for the issuance of the Common Conversion Shares in an amount equal to the Maximum Share Amount less balance of the maximum number of Common Shares previously issued hereunderissuable under this Agreement (assuming issuance at the Floor Price) not then yet issued.

Appears in 2 contracts

Samples: Equity Line Financing Agreement (Computer Motion Inc), Equity Line Financing Agreement (Computer Motion Inc)

Reservation of Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of Common Stock or its issued shares of Common Stock held in its treasury, or both, sufficient shares of Common Stock to provide for the issuance of the Common Shares in an amount equal to the Maximum Share Amount less the number of Common Shares previously be issued hereunder.

Appears in 1 contract

Samples: Private Equity Line Financing Agreement (First Virtual Communications Inc)

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Reservation of Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of Common Stock or its issued shares of Common Stock held in its treasury, or both, sufficient shares of Common Stock to provide for the issuance of the Common Shares in an amount equal to the Maximum Share Amount less balance of the maximum number of Common Shares previously issued hereunderissuable under this Agreement (assuming issuance at the Floor Price) not then yet issued.

Appears in 1 contract

Samples: Equity Line Financing Agreement (Gadzoox Networks Inc)

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