Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Reserve Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of shareholders, a number of shares of Common Stock equal to the number of shares of Common Stock issuable upon the exercise of the Warrants (the “Warrant Shares”).
Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred Stock or the exercise of the Warrants, the number of shares of Common Stock and Non-Voting Common Stock from time to time issuable upon conversion of all shares of the Preferred Stock and exercise of the Warrants at the time outstanding. All shares of Common Stock and Non-Voting Common Stock issuable upon conversion of the Preferred Stock or the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Shares, the number of shares of common stock from time to time issuable upon conversion of all Shares at the time outstanding (the "CONVERSION SHARES"). All Conversion Shares shall be duly authorized and, when issued upon such conversion in accordance with the Amended Certificate, shall be validly issued, fully paid and nonassessable.
Reserve Shares. After the Closing, the Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of the Warrants, the number of shares of Class A Common Stock from time to time issuable upon the exercise of the Warrants at the time outstanding. All shares of Class A Common Stock issuable upon the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Reserve Shares. Following the Closing, the Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of outstanding Class C Common Stock and Class D Common Stock, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Class C Common Stock and Class D Common Stock at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the Class C Common Stock and the Class D Common Stock shall be duly authorized and, when issued upon such conversion, shall be validly issued, fully paid and nonassessable.
Reserve Shares. At the Closing, Fortium shall issue a letter to the transfer agent of Fortium with a copy of the resolutions of the Board of Directors of Fortium authorizing and directing the designation and filing of the Series A Certificate, and written instructions directing the transfer agent to reserve 150% of the shares of Common Stock which would be issuable upon conversion of the Fortium Shares as of the Closing, calculated as if such Fortium Shares were convertible at the Closing. The Fortium Shares shall be issued in book entry form with the records of the Corporation maintained by the Corporation or its transfer agent.
Reserve Shares. The Company agrees to reserve and keep available at all times, free of preemptive rights, shares of Common Stock for the purpose of enabling the Company to satisfy any obligations to issue shares of Common Stock upon conversion of the Shares.]
Reserve Shares. In accordance with Section 1(b), prior to the -------------- expiration of the Reserve Period, Acquiror or Papa John's shall use Reserve Shares to satisfy any indemnification claims that it may have against the Members. The number of Reserve Shares subject to such use shall be that number that has an aggregate value (determined on the basis of the Settlement Stock Price) equal to the amount of such indemnification claim.
Reserve Shares. Upon issuance to the Reserve Agent in accordance with Section 2.4(c)(i), the Reserve Shares will have been duly authorized, validly issued, fully paid, nonassessable and free from any Liens, claims, liabilities, warrants, calls, rights of first refusal, contracts, commitments or demands of any character or nature relating thereto, other than as provided in Section 2.6, and no Person holds any proxy or similar rights with respect thereto that was granted by Parent or Sub.
