Common use of Reserved Common Stock Clause in Contracts

Reserved Common Stock. The Company will at all times when any shares of Series A Preferred Stock are outstanding, reserve and keep available out of its authorized but unissued stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series A Preferred Stock.

Appears in 3 contracts

Samples: Stock Purchase Agreement (General Devices Inc), Agreement and Plan of Merger (General Devices Inc), Stockholders Agreement (General Devices Inc)

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Reserved Common Stock. The Company will at all times when any shares of Series A B Preferred Stock are outstanding, reserve and keep available out of its authorized but unissued stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series A B Preferred Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (General Devices Inc), Stockholders Agreement (General Devices Inc)

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