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), Securities Purchase Agreement (General Devices Inc), Merger Agreement (General Devices Inc)

AutoNDA by SimpleDocs

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: Securities Purchase Agreement (General Devices Inc), Merger Agreement (General Devices Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!