Common use of Reserved Conversion Shares Clause in Contracts

Reserved Conversion Shares. The Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion (pursuant to the Certificate of Designations), in full, of 4,960 Shares of Series C Preferred Stock issued to the Purchasers hereunder (assuming for purposes of this Section 4.5, a Conversion Price (as defined in the Certificate of Designations) of $2.80) and the exercise in full of all of the Warrants issued to the Purchasers hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Columbia Laboratories Inc)

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Reserved Conversion Shares. The Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion (pursuant to the Certificate of Designations), in full, of 4,960 1,300 Shares of Series C Preferred Stock issued to the Purchasers hereunder (assuming for purposes of this Section 4.5, a Conversion Price (as defined in the Certificate of Designations) of $2.80) and the exercise in full of all of the Warrants issued to the Purchasers hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Columbia Laboratories Inc)

Reserved Conversion Shares. The Subject to Section 5.11 of the Certificate of Designations and Section 2(d) of the Registration Rights Agreement, the Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion (pursuant to the Certificate of Designations)conversion, in full, of 4,960 Shares the Preferred Stock, including payment of Series C Preferred Stock issued to the Purchasers hereunder Additional Amount (assuming for purposes of this Section 4.5IV.E., a Conversion Price (as defined in the Certificate of Designations) of $2.80) 0.25), and upon the exercise in full of all of the Warrants issued to the Purchasers hereunderWarrants.

Appears in 1 contract

Samples: Securities Purchase Agreement (Adatom Com Inc)

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Reserved Conversion Shares. The Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion (pursuant to the Certificate of Designations), in full, of 4,960 1,300 Shares of Series C Preferred Stock issued to the Purchasers Purchaser hereunder (assuming for purposes of this Section 4.5, a Conversion Price (as defined in the Certificate of Designations) of $2.80) and the exercise in full of all of the Warrants issued to the Purchasers Purchaser hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Columbia Laboratories Inc)

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