Common use of Reservation of Conversion Shares Clause in Contracts

Reservation of Conversion Shares. The Conversion Shares issuable upon conversion of the Shares and exercise of the Warrants shall have been duly authorized and reserved for issuance upon such conversion or exercise.

Appears in 4 contracts

Samples: Series E Preferred Stock and Warrant Purchase Agreement (American Technology Corp /De/), Series B Preferred Stock and Warrant Purchase Agreement (American Technology Corp /De/), Series D Preferred Stock and Warrant Purchase Agreement (American Technology Corp /De/)

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Reservation of Conversion Shares. The Conversion Shares issuable upon conversion of the Shares and exercise of the Warrants shall have been duly authorized and reserved for issuance upon such conversion or exercise.

Appears in 4 contracts

Samples: Series D Preferred Stock Purchase Agreement (I Storm Inc), Series D Preferred Stock Purchase Agreement (I Storm Inc), Series D Preferred Stock Purchase Agreement (I Storm Inc)

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