Common use of Reservation of Underlying Securities Clause in Contracts

Reservation of Underlying Securities. The Company will reserve and keep available at all times, free of preemptive rights, a number of shares of Common Stock equal to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption or other retirement of Offered Securities from time to time, for the purpose of enabling the Company to satisfy any obligations to issue shares of Common Stock upon conversion of the Offered Securities.

Appears in 2 contracts

Samples: Placement Agent Agreement (Tellurian Inc. /De/), Placement Agent Agreement (Tellurian Inc. /De/)

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Reservation of Underlying Securities. The Company will reserve and keep available at all times, free of preemptive rights, a the full number of shares of Common Stock equal to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption or other retirement of Offered Securities from time to time, for the purpose of enabling the Company to satisfy any obligations to issue shares of Common Stock Shares issuable upon conversion of the Offered Securities.

Appears in 1 contract

Samples: Underwriting Agreement (Gold Reserve Inc)

Reservation of Underlying Securities. The Company will reserve and keep available at all times, free of any preemptive rights, a number of shares of Common Stock equal to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption or other retirement of Offered Securities from time to time, for the purpose of enabling the Company to satisfy any obligations to issue shares of Common Stock upon conversion of the Offered Underlying Securities.

Appears in 1 contract

Samples: Purchase Agreement (Braemar Hotels & Resorts Inc.)

Reservation of Underlying Securities. The Company will at all times reserve and keep available at all timesavailable, free of any preemptive rights, a number co-sale rights, registration rights, rights of shares of Common Stock equal first refusal, other rights to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption subscribe for or purchase securities or other retirement rights of Offered Securities from time security holders similar to timeany of the foregoing, out of its authorized but unissued Common Stock, for the purpose of enabling effecting the Company to satisfy any obligations to issue shares of Common Stock upon conversion of the Offered Securities into the Underlying Securities, the full number of shares of Underlying Securities issuable upon the conversion of all outstanding Securities.

Appears in 1 contract

Samples: Purchase Agreement (Alkermes Inc)

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Reservation of Underlying Securities. The Company will at all times reserve and keep available at all timesavailable, free of any preemptive rights, a number co-sale rights, registration rights, rights of shares of Common Stock equal first refusal, other rights to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption subscribe for or purchase securities or other retirement right of Offered Securities from time security holders similar to timeany of the foregoing, out of its authorized but unissued Common Stock, for the purpose of enabling effecting the Company to satisfy any obligations to issue shares of Common Stock upon conversion of the Offered Securities into Underlying Securities, the full number of shares of Underlying Securities issuable upon the conversion of all outstanding Securities.

Appears in 1 contract

Samples: Purchase Agreement (E Trade Group Inc)

Reservation of Underlying Securities. The Company will shall reserve and keep available at all times, free of preemptive pre-emptive rights, a number of shares of Common Stock equal to the Maximum Number of Underlying Securities, less appropriate amounts to reflect the conversion, redemption or other retirement of Offered Securities from time to time, for the purpose of enabling the Company to satisfy any all obligations to issue shares of Common Stock the Underlying Securities upon conversion of the Offered Securities.

Appears in 1 contract

Samples: Purchase Agreement (Tower Automotive Inc)

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