Reservation of Underlying Shares. (a) The Company covenants at all times to reserve and keep available out of its authorized shares of Common Stock, free from preemptive rights, solely for the purpose of issue upon exercise of the Warrant as herein provided, the maximum number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. (b) The Company covenants that all shares of Common Stock issued upon exercise of the Warrant which shall be so issuable shall, when issued, be duly and validly issued and fully paid and non-assessable, free from all taxes, liens and charges with respect to the purchase and the issuance of the shares, and shall not have any legend or restrictions on resale, except as required by the Rights Agreement or hereby.
Appears in 13 contracts
Samples: Warrant Agreement (Twinlab Consolidated Holdings, Inc.), Warrant Agreement (Twinlab Consolidated Holdings, Inc.), Warrant Agreement (Twinlab Consolidated Holdings, Inc.)
