Common use of Reservation of Securities Clause in Contracts

Reservation of Securities. 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 84 contracts

Samples: Subscription Agreement (Drone Aviation Holding Corp.), Securities Purchase Agreement (Starr Insurance Holdings, Inc.), Subscription Agreement (Bitcoin Shop Inc.)

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Reservation of Securities. 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 50 contracts

Samples: Securities Purchase Agreement (NYXIO TECHNOLOGIES Corp), Securities Purchase Agreement (Bionovo Inc), Securities Purchase Agreement (Marina Biotech, Inc.)

Reservation of Securities. 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.

Appears in 20 contracts

Samples: Senior Secured Note Amendment Agreement (Pacific Ethanol, Inc.), Securities Purchase Agreement (GRANDPARENTS.COM, Inc.), Securities Purchase Agreement (Tauriga Sciences, Inc.)

Reservation of Securities. The At all times during which Shares remain outstanding, the Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents this Agreement in such amount as may be required to fulfill its obligations in full under to issue the Transaction Documentsshares of Common Stock issuable upon the conversion of the Shares. 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 Documentsto issue such shares of Common Stock, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Alseres Pharmaceuticals Inc /De), Securities Purchase Agreement (Alseres Pharmaceuticals Inc /De), Securities Purchase Agreement (Alseres Pharmaceuticals Inc /De)

Reservation of Securities. 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 Warrant 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 Warrant Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Energous Corp), Securities Purchase Agreement (Dialog Semiconductor PLC), Securities Purchase Agreement (Dialog Semiconductor PLC)

Reservation of Securities. 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 then 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 7 contracts

Samples: Securities Exchange Agreement (Rezolute, Inc.), Securities Purchase Agreement (MGT Capital Investments, Inc.), Securities Purchase Agreement (MGT Capital Investments, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock a sufficient number of 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 exercise of 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 sharesPlacement Agent’s Warrant.

Appears in 7 contracts

Samples: Placement Agency Agreement (Addentax Group Corp.), Placement Agency Agreement (Wisa Technologies, Inc.), Placement Agency Agreement (Marizyme Inc)

Reservation of Securities. 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 then be required to fulfill its obligations in full under issue all of 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 sharesUnderlying Shares.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Creative Realities, Inc.), Securities Purchase Agreement (Creative Realities, Inc.), Securities Purchase Agreement (Creative Realities, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock capital stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full to issue such Securities 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 Securities under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Stratus Media Group, Inc), Securities Purchase Agreement (Stratus Media Group, Inc), Securities Purchase and Exchange Agreement (Luna Innovations Inc)

Reservation of Securities. 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 then 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 3 contracts

Samples: Securities Purchase Agreement (QSAM Biosciences, Inc.), Securities Purchase Agreement (QSAM Biosciences, Inc.), Securities Purchase Agreement (QSAM Biosciences, Inc.)

Reservation of Securities. 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 that, at any time 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 3 contracts

Samples: Securities Purchase Agreement (Introgen Therapeutics Inc), Securities Purchase Agreement (Pfsweb Inc), Securities Purchase Agreement (Aastrom Biosciences Inc)

Reservation of Securities. 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 Securities 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 Securities under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Firstcity Financial Corp), Securities Purchase Agreement (Threshold Pharmaceuticals Inc), Securities Purchase Agreement (Threshold Pharmaceuticals Inc)

Reservation of Securities. 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 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.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Iomai Corp), Securities Purchase Agreement (Acura Pharmaceuticals, Inc)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock Ordinary Shares for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full to issue all Shares and Warrant Shares under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock Ordinary Shares are insufficient for the Company to satisfy its obligations in full to issue such Shares and Warrant Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized sharesOrdinary Shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Silicom LTD), Securities Purchase Agreement (Silicom LTD)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents hereto in such amount as may be required to fulfill its obligations in full under to issue the Transaction DocumentsCommon Shares and, if issued, the Additional Shares. 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 Documentsto issue such shares, the Company shall promptly notify the Investors thereof and as promptly as practicable take all such actions as may be required to increase the number of authorized shares.

Appears in 2 contracts

Samples: Purchase Agreement (Cyclacel Pharmaceuticals, Inc.), Purchase Agreement (Cyclacel Pharmaceuticals, Inc.)

Reservation of Securities. 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 Common 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 Common Shares 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: Securities Purchase Agreement (Dyadic International Inc), Securities Purchase Agreement (Via Pharmaceuticals, Inc.)

Reservation of Securities. 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 of Common Stock under the Transaction Documents, the Company shall use reasonable best efforts to promptly take such actions as may be required to increase the number of authorized shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (CareDx, Inc.), Securities Purchase Agreement (CareDx, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to this Agreement and the Transaction Documents Warrants in such amount as may be required to fulfill its obligations in full under this Agreement and the Transaction DocumentsWarrants. 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 this Agreement and the Transaction DocumentsWarrants, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 2 contracts

Samples: Common Stock and Warrant Purchase Agreement (Corautus Genetics Inc), Common Stock and Warrant Purchase Agreement (Corautus Genetics Inc)

Reservation of Securities. 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 the Underlying 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 Underlying Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cereplast Inc)

Reservation of Securities. The Company shall maintain at all times reserve for issuance a reserve from its sufficient number of 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Access Pharmaceuticals Inc)

Reservation of Securities. 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 Common Shares, Call Shares and Warrant 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 Common Shares, Call Shares and Warrant Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (MAKO Surgical Corp.)

Reservation of Securities. 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 Common 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Dyadic International Inc)

Reservation of Securities. The Company shall at all times 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 Common Shares and Warrant 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 Common Shares and Warrant Shares under the Transaction Documents, the Company shall promptly use reasonable best efforts to take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Scientific Learning Corp)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for the issuance Common Shares pursuant to the Transaction Documents this Agreement in such amount as may be required to fulfill its obligations in full to issue such Common 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 under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized sharesthis Agreement.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Age Reversal, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents Warrant in such amount as may be required to fulfill its obligations in full under the Transaction DocumentsWarrant. 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 DocumentsWarrant, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Subscription Agreement (ProPhase Labs, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to of the Transaction Documents Common Shares and Warrant Shares in such amount as may be required to fulfill its the Company’s obligations in full under the Transaction Documentsto issue such Common Shares and Warrant Shares. 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 Documentsto issue such Common Shares and Warrant Shares, the Company shall promptly use reasonable best efforts to take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solar Power, Inc.)

Reservation of Securities. (a) 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 . (b) The Company shall not undertake a reverse or forward stock split or reclassification of the event that at any time the then authorized shares of Common Stock are insufficient for without 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 prior written consent of authorized sharesPurchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (Datrek Miller International, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for the issuance Common Shares pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full to issue such Common 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 under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Keating Capital Inc)

Reservation of Securities. 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 Common Shares and Warrant 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 Common Shares and Warrant Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ikanos Communications)

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Reservation of Securities. 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 or necessary to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nupathe Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents Additional Investment Rights in such amount as may be required to fulfill its obligations in full under the Transaction Documentsthereunder. 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 DocumentsAdditional Investment Rights, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Compex Technologies Inc)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents Warrants in such amount as may be required to fulfill its obligations in full under the Transaction Documentsto issue such Warrant Shares. 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 Warrant Shares under the Transaction DocumentsWarrants, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (BTHC VI Inc)

Reservation of Securities. 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 Warrant Shares and Conversion Shares under the Transaction DocumentsDocuments as of the Closing. 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 Warrant Shares or Conversion Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cicero Inc)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents this Agreement in such amount as may be required to fulfill its obligations in full under the Transaction Documentsthis Agreement. 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 Documentsthis Agreement, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Subscription Agreement (American Caresource Holdings, Inc.)

Reservation of Securities. (a) 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 then 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 1 contract

Samples: Securities Purchase Agreement (Biotricity Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock Ordinary Shares 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 Ordinary Shares 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 sharesOrdinary Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Radview Software LTD)

Reservation of Securities. The Company Buyer shall maintain a reserve from its duly authorized shares of Common Stock 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 the Buyer’s common stock are insufficient for the Company Buyer 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 1 contract

Samples: Purchase Agreement (NaturalNano, Inc.)

Reservation of Securities. 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 prior to Closing 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Kona Grill Inc)

Reservation of Securities. 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 use reasonable best efforts to take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Akeena Solar, Inc.)

Reservation of Securities. 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, including obtaining the necessary stockholder approval to amend its certificate of incorporation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Acelrx Pharmaceuticals Inc)

Reservation of Securities. (a) 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 Documents including upon conversion of the event that at any time Debentures and the then authorized shares exercise of the Warrants. (b) The Company shall not undertake a reverse or forward stock split or reclassification of the Common Stock are insufficient for without 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 prior written consent of authorized sharesPurchaser.

Appears in 1 contract

Samples: Convertible Secured Debenture Purchase Agreement (Health Systems Solutions Inc)

Reservation of Securities. 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 Conversion Shares and Warrant 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 Conversion Shares and Warrant Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Intelligentias, Inc.)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock and the designated Preferred Shares for issuance pursuant to the Transaction Documents in such amount amounts 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 1 contract

Samples: Preferred Stock Purchase Agreement (Digital Power Corp)

Reservation of Securities. 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 Underlying Shares under the Transaction DocumentsDocuments and Certificate of Designation. 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 Underlying Shares under the Transaction DocumentsDocuments and Certificate of Designation, the Company shall use reasonable best efforts to promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Note Purchase Agreement (Array Biopharma Inc)

Reservation of Securities. The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Deal Documents in such amount as may be required to fulfill its obligations in full under the Transaction Deal 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 Deal Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Subscription Agreement (American Energy Fields, Inc.)

Reservation of Securities. 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 Common 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 Common Shares under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ballistic Recovery Systems Inc)

Reservation of Securities. 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 the Transaction Documents. In , provided that prior to stockholder approval of the event that at any time Proposal the then Company shall maintain all of its authorized but unissued shares of Common Stock are insufficient in satisfaction of such obligation, other than any such shares reserved for issuance contemplated as of 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 sharesdate hereof.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Alpine Group Inc /De/)

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