Common use of Reservation of Shares for Issuance Clause in Contracts

Reservation of Shares for Issuance. The Company will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued common stock, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of this Warrant, the maximum number of Warrant Shares which may then be issuable upon the exercise of this Warrant. The Company or, if appointed, the transfer agent for the common stock and every subsequent transfer agent for any of the Company's capital securities issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares of common stock as shall be required for such purpose. The Company will keep a copy of this Warrant certificate on file with any such transfer agent for any of the Company's capital securities issuable upon the exercise of the rights of purchase represented by this Warrant certificate.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Genesisintermedia Com Inc), Debenture Purchase Agreement (Genesisintermedia Com Inc)

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Reservation of Shares for Issuance. The Company will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued common stock, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of this Warrant, the maximum number of Warrant Shares which may then be issuable upon the exercise of this Warrant. The Company or, if appointed, the transfer agent for the common stock and every subsequent transfer agent for any of the Company's capital securities issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares of common stock as shall be required for such purpose. The Company will keep a copy of this Warrant certificate on file with any such transfer agent for any of the Company's capital securities issuable upon the exercise of the rights of purchase represented by this Warrant certificate.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc)

Reservation of Shares for Issuance. The Company will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued common stockShares, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of this Warrant, the maximum number of Warrant Shares which may then be issuable upon the exercise of this Warrant. The Company or, if appointed, the transfer agent for the common stock Shares and every subsequent transfer agent for any of the Company's capital securities issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares of common stock Shares as shall be required for such purpose. The Company will keep a copy of this Warrant certificate on file with any such transfer agent for any of the Company's capital securities issuable upon the exercise of the rights of purchase represented by this Warrant certificate.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc)

Reservation of Shares for Issuance. The Company will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued common stock, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of this Warrant, the maximum number of Warrant Shares shares of Common Stock which may then be issuable upon the exercise of this Warrant. The Company or, if appointed, the transfer agent for the common stock shares of Common Stock and every subsequent transfer agent for any of the Company's capital securities issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares of common stock Warrant Shares as shall be required for such purpose. The Company will keep a copy of this Warrant certificate Certificate on file with any such transfer agent for any of the Company's capital securities issuable upon the exercise of the rights of purchase represented by this Warrant certificateCertificate.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc)

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Reservation of Shares for Issuance. The Company will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued common stock, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of this Warrant, the maximum number of Warrant Shares which may then be issuable upon the exercise of this Warrant. The Company or, if appointed, the transfer agent for the common stock Shares and every subsequent transfer agent for any of the Company's capital securities issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares of common stock Shares as shall be required for such purpose. The Company will keep a copy of this Warrant certificate on file with any such transfer agent for any of the Company's capital securities issuable upon the exercise of the rights of purchase represented by this Warrant certificate.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc)

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