Common use of Reservation of Shares; Stock Fully Paid Clause in Contracts

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 13 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

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Reservation of Shares; Stock Fully Paid. The Company agrees that --------------------------------------- at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 8 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Purchase Agreement (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all ---------------------------------------- times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 7 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Common Stock Purchase Warrant (Castle Energy Corp), Rollover and Assignment Agreement (Castle Energy Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Warrant Agreement (Penn Octane Corp), Warrant Agreement (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise erecise hereof will, upon issuance, and receipt of payment therefor, be by duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of otherswith no personal liability attaching to the ownership thereof.

Appears in 2 contracts

Samples: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which that may be issued upon exercise hereof willhereof, will upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Subscription Agreement (Assuretec Holdings Inc), Subscription Agreement (Assuretec Holdings Inc)

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Reservation of Shares; Stock Fully Paid. The Company agrees that at all --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Penn Octane Corp), Purchase Agreement (Penn Octane Corp)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessablenonassessable. The Company shall pay all United States and state documentary stamp taxes, free if any, in respect of preemptive rights and any other rights the issue of othersthe Common Stock.

Appears in 1 contract

Samples: Warrant Agreement (Adcare Health Systems Inc)

Reservation of Shares; Stock Fully Paid. The Company agrees that at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 1 contract

Samples: Warrant Agreement (McKenzie Bay International)

Reservation of Shares; Stock Fully Paid. The Company agrees that ----------------------------------------- at --------------------------------------- all times there shall be authorized and reserved for issuance upon exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance or delivery upon exercise of this Warrant. All shares which may be issued upon exercise hereof will, upon issuance, and receipt of payment therefor, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and any other rights of others.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Penn Octane Corp)

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