Common use of RESERVATION OF WARRANT SHARES; REGISTRATION OF WARRANT SHARES Clause in Contracts

RESERVATION OF WARRANT SHARES; REGISTRATION OF WARRANT SHARES. (a) The Company shall at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued Common Stock and/or the authorized and issued Common Stock held in its treasury, for the purpose of enabling it to satisfy any obligation to issue Warrant Shares upon exercise of Warrants, the maximum number of shares of Common Stock which may then be deliverable upon the exercise of all outstanding Warrants.

Appears in 5 contracts

Samples: Warrant Agreement (National Coal Corp), Warrant Agreement (Viskase Companies Inc), Warrant Agreement (National Coal Corp)

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