Reservation of Reserved Shares. Prior to the Closing, the Corporation shall have reserved for issuance ** shares of Ordinary Common Stock for issuance upon conversion of the Preferred Shares (such reserved Ordinary Common Stock being sometimes collectively hereinafter referred to as the "Reserved Shares"). ------------------- ** This portion has been redacted pursuant to a request for confidential treatment.
Reservation of Reserved Shares. Subject to the terms and conditions hereof, the Company has authorized the reservation of (i) a sufficient number of shares (the “Reserved Common Shares”) of the Common Stock for issuance upon conversion of the Purchased Preferred, or if the Purchased Preferred has been converted into shares of Series E-1 Preferred Stock pursuant to Section 1(e) below, upon conversion of such shares of Series E-1 Preferred Stock into shares of Common Stock, and (ii) all authorized shares (the “Reserved Preferred Shares” and together with the Reserved Common Shares, the “Reserved Shares”) of the Series E-1 Preferred Stock for issuance only upon the conversion of the Purchased Preferred pursuant to Section 1(e) below.
Reservation of Reserved Shares. Pledgor shall hold the number of Reserved Shares set forth in this Agreement as collateral in favor of the Pledgees. If Pledgees elect, by written notice to the Pledgor, to pay the Company’s transfer agent’s fees for the processing and production of a statement to reflect the Reserved Shares in the name of the Pledgees, then Pledgor shall cause the Company’s transfer agent to comply with such request within thirty (30) calendar days after Pledgees pay such transfer agent fees.
