Common use of Reservation of Shares Clause in Contracts

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F), the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 97 contracts

Samples: Registration Rights Agreement (Kallo Inc.), Investment Agreement (Gei Global Energy Corp.), Investment Agreement (Gei Global Energy Corp.)

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Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Shares included in the Company’s registration statement for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities pursuant to the Investor as required hereunderRegistered Offering Transaction Documents. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 67 contracts

Samples: Equity Financing Agreement (Avant Technologies Inc.), Equity Financing Agreement (Yuenglings Ice Cream Corp), Equity Financing Agreement (Yuenglings Ice Cream Corp)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved the amount of Shares included in the Registration Statement for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities pursuant to the Investor as required hereunderRegistered Offering Transaction Documents. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 37 contracts

Samples: Investment Agreement (Forza Innovations Inc), Investment Agreement, Investment Agreement (STWC. Holdings, Inc.)

Reservation of Shares. The Subject to the following sentence, the Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F5(f), the Company shall use all commercially reasonable its best efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 24 contracts

Samples: Equity Purchase Agreement (Morgan Mining Corp), Investment Agreement (Litfunding Corp), Investment Agreement (Houseraising, Inc.)

Reservation of Shares. The Subject to the following sentence, the Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F5(f), the Company shall use all its commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 14 contracts

Samples: Investment Agreement (Nexia Holdings Inc), Investment Agreement (Hyperdynamics Corp), Investment Agreement (Hyperdynamics Corp)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 7 contracts

Samples: Investment Agreement (Graystone Co), Investment Agreement (Graystone Co), Investment Agreement (Stevia Nutra Corp.)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance full conversion or exercise of the Securities outstanding Securities. The Company will promptly take all corporate action necessary to the Investor as required hereunder. In the event that the Company determines that it does not have authorize and reserve a sufficient number of authorized shares, including, without limitation, calling a special meeting of stockholders to authorize additional shares of Common Stock to reserve and keep available for issuance as described in meet the Company's obligations under this Section 5(F4(c), in the Company shall use all commercially reasonable efforts to increase the case of an insufficient number of authorized shares shares, and using its best efforts to obtain stockholder approval of Common Stock by seeking shareholder approval for the authorization an increase in such authorized number of such additional shares.

Appears in 5 contracts

Samples: Agreement (Milestone Scientific Inc/Nj), Agreement (Milestone Scientific Inc/Nj), Settlement Agreement (Milestone Scientific Inc/Nj)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, authorized and reserved the amount of Shares included in the Company’s registration statement for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities pursuant to the Investor as required hereunderRegistered Offering Transaction Documents. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 5 contracts

Samples: Equity Financing Agreement (Humbl, Inc.), Equity Financing Agreement (Humbl, Inc.), Equity Financing Agreement (Success Entertainment Group International Inc.)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient reserve such number of shares of its authorized but unissued Common Stock as necessary to permit the exercise of the Warrant for of all of the Warrant Shares. If at any time an insufficient number of shares is authorized for such purpose, the Company will take such action as, in the opinion of its counsel, may be necessary to increase its authorized but unissued Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient such number of authorized shares of Common Stock to reserve and keep available as shall be sufficient for issuance as described in this Section 5(F), the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional sharespurpose.

Appears in 2 contracts

Samples: Underwriting Agreement (Pacific Multimedia Inc), Underwriting Agreement (Pacific Multimedia Inc)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose Reserved Amount of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunderShares. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 1 contract

Samples: Equity Financing Agreement (H/Cell Energy Corp)

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Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance full exercise of the Securities to Warrants. The Company shall not reduce the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available reserved for issuance as described in this Section 5(F), upon exercise of the Company shall use all commercially reasonable efforts to increase Warrants without the number prior written consent of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional sharesHolder.

Appears in 1 contract

Samples: Securities Exchange Agreement (Ashton Technology Group Inc)

Reservation of Shares. The Subject to the following sentence, the Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F), the Company shall use all commercially reasonable its best efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 1 contract

Samples: Investment Agreement (China Direct Trading Corp)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F), the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 1 contract

Samples: Investment Agreement (Orgenesis Inc.)

Reservation of Shares. The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities to the Investor as required hereunder. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F5(f), the Company shall use all its commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 1 contract

Samples: Investment Agreement (Getting Ready Corp)

Reservation of Shares. The Company shall take all action necessary to at all times after sufficient number of shares become available have authorized, and reserved the amount of Shares included in the Company’s registration statement for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Securities pursuant to the Investor as required hereunderRegistered Offering Transaction Documents. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common Stock to reserve and keep available for issuance as described in this Section 5(F)5.5, the Company shall use all commercially reasonable efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional shares.

Appears in 1 contract

Samples: Equity Financing Agreement (Humbl, Inc.)

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