Common use of Reserved Shares Clause in Contracts

Reserved Shares. For so long as the Securities are outstanding, the Company shall reserve that number of shares of Common Stock issuable upon conversion of the Notes and exercise of the Warrants, which shares shall not be subject to any preemptive or other similar rights.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Xa, Inc.), Securities Purchase Agreement (Xa, Inc.), Securities Purchase Agreement (Xa, Inc.)

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Reserved Shares. For so long as the Securities are outstanding, ---------------- the Company shall reserve that number of shares of Common Stock issuable upon conversion of the Notes and exercise of the Warrants, which shares shall not be subject to any preemptive or other similar rights.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Xa, Inc.), Securities Purchase Agreement (Xa, Inc.)

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Reserved Shares. For so long as the Securities are ---------------- outstanding, the Company shall reserve that number of shares of Common Stock issuable upon conversion of the Notes and exercise of the Warrants, which shares shall not be subject to any preemptive or other similar rights.

Appears in 1 contract

Samples: Securities Purchase Agreement (Xa, Inc.)

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