Reservation of Sufficient Shares. The Company will reserve and keep available out of its authorized but unissued shares of common stock a number of such shares as will be sufficient to enable the Company to issue and distribute any Performance Shares that become issuable and distributable under this Agreement.
Reservation of Sufficient Shares. The Borrower shall at all times when any part of the outstanding Principal Amount, any interest or any Fees remains outstanding reserve and keep available out of its authorized but unissued Common Shares, for the purpose of effecting the conversion thereof, such number of Common Shares as shall from time to time be sufficient to effect the conversion hereof. As a condition precedent to the taking of any action which would require an adjustment to the Conversion Price, the Borrower shall take any corporate action which may be necessary in order that the Borrower shall have unissued and reserved in its authorized capital, and may validly and legally issue, the Conversion Shares to which the Administrative Agent (on behalf of the Finance Parties) is entitled on the full exercise of its conversion rights in accordance with the provisions hereof.
Reservation of Sufficient Shares. The Corporation shall at all times when any part of this Note remains outstanding reserve and keep available out of its authorized but unissued Common Shares, for the purpose of effecting the conversion of this Note, such number of Common Shares as shall from time to time be sufficient to effect the conversion hereof. As a condition precedent to the taking of any action which would require an adjustment to the Conversion Price, the Corporation shall take any corporate action which may be necessary in order that the Corporation shall have unissued and reserved in its authorized capital, and may validly and legally issue, the shares to which the Holder is entitled on the full exercise of its conversion rights in accordance with the provisions hereof.
Reservation of Sufficient Shares. The Company will at all times reserve and keep available out of its authorized but unissued Common Stock the number of its duly authorized shares of Common Stock as shall from time to time be sufficient for the purpose of effecting the issuance of shares upon the exercise of this Option. If at any time the number of authorized but unissued shares of Common Stock is not sufficient to effect the issuance of the Option Shares, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to at least the number of shares as is sufficient for this purpose.
Reservation of Sufficient Shares. (a) There have been reserved, and the Company shall at all times through the Expiration Date keep reserved, out of its authorized but unissued Common Stock, solely for the purpose of the issuance of Shares in accordance with the terms of this Agreement, a number of shares of Common Stock sufficient to provide for the exercise of the rights of purchase represented by the outstanding Warrants. The Transfer Agent for the Common Stock and every subsequent transfer agent for any shares of the Company’s Capital Stock issuable upon the exercise of any of the rights of purchase aforesaid shall be irrevocably authorized and directed at all times to reserve such number of authorized Shares as shall be required for such purpose. If applicable, the Company shall supply the Transfer Agent with duly executed stock certificates for such purposes and shall provide or otherwise make available any cash that may be payable upon exercise of Warrants in respect of fractional Shares pursuant to Section 3.06. The Company shall furnish the Transfer Agent with a copy of all notices of adjustments and certificates related thereto, transmitted to each Holder and beneficial holder of Book-Entry Only Warrants pursuant to Section 6.03.
