Common use of Reservation of Stock Issuable Upon Exercise Clause in Contracts

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 19 contracts

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

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Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 6 contracts

Samples: Registration Rights Agreement (Micro Media Solutions Inc), Settlement Agreement (Msi Holdings Inc/), Securities Purchase Agreement (Venturi Technologies Inc)

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and and, if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this WarrantHolder, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Mobility Electronics Inc, Mobility Electronics Inc, Mobility Electronics Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this WarrantHolder, the Company will shall use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Common Stock Purchase (SWK Holdings Corp), Xtera Communications, Inc., First Federal Bancshares of Arkansas Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 4 contracts

Samples: Mobility Electronics Inc, Mobility Electronics Inc, Mobility Electronics Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued issued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase Increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 3 contracts

Samples: Mobility Electronics Inc, Mobility Electronics Inc, Mobility Electronics Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if all other rights or options to purchase Common Stock, and to permit the conversion of all stock or other securities convertible into Common Stock, as may be outstanding from time to time. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to for such other remedies as shall be available to the Holder of this Warrantpurposes, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 3 contracts

Samples: Coulter Pharmaceuticals Inc, Virologic Inc, Intuitive Surgical Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Warrant Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Warrant Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Warrant Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued shares of Common Warrant Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Koffee Korner Inc.), Agreement and Plan of Merger (Koffee Korner Inc.)

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: Quality Care Solutions Inc, Quality Care Solutions Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant Warrant; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the purchase by the Holder of the maximum number of shares of Common Stock purchasable upon exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 2 contracts

Samples: CSG Systems International Inc, CSG Systems International Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the issuance of the Shares upon exercise of this Warrant the Warrant, such number of its shares of Common Stock as shall from time to time be sufficient to effect provide for the exercise of this Warrant Warrant, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect provide for the exercise of this Warrant, in addition to such other remedies as shall be available the Company will, subject to the Holder requirements of this Warrantapplicable state law, the Company will use its best efforts to take such corporate action as may, in the opinion option of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares of Common Stock as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Integrated Biopharma Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued un-issued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant Warrant, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: International Displayworks Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant Warrant, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Digital Power Corp

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Reservation of Stock Issuable Upon Exercise. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued un-issued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant Warrant, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company Corporation will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: International Displayworks Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, may be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Trizetto Group Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the PLACEMENT AGENTS OPTION CERTIFICATE 53 opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Registration Rights Agreement (Micro Media Solutions Inc)

Reservation of Stock Issuable Upon Exercise. The Company shall at all times from the Date of Exercise reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Legacy Education Alliance, Inc.

Reservation of Stock Issuable Upon Exercise. The Company shall at all ------------------------------------------- times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if Warrant. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder of this Warrant, the Company will use its best efforts to shall take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose.

Appears in 1 contract

Samples: Intek Information Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the exercise of this Warrant such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant and if at any time the number of authorized but by unissued shares of Common Stock shall not be sufficient to effect the exercise of this Warrant, in addition to such other remedies as shall be available to the Holder holder of this Warrant, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes.

Appears in 1 contract

Samples: Perma-Tune Electronics Inc

Reservation of Stock Issuable Upon Exercise. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the exercise of this Warrant Warrant, such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise in full of this Warrant and Warrant; provided that, if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise in full of this Warrant, in addition to such other remedies as shall be available to the Holder of this WarrantHolder, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but un-issued unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in its best efforts to obtain the requisite stockholder approval of any necessary amendment to its Articles of Incorporation.

Appears in 1 contract

Samples: Meridian Usa Holdings Inc

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