Common use of Shares to Be Reserved Clause in Contracts

Shares to Be Reserved. The Corporation will at all times keep available and reserve out of its authorized Common Shares, solely for the purpose of issuing upon the exercise of the Warrants, such number of Common Shares as shall then be issuable upon the exercise of the Warrants. The Corporation covenants and agrees that all such Common Shares which shall be so issuable will, upon issuance and receipt of the Exercise Price therefore, be duly authorized and issued as fully paid and non-assessable. The Corporation will take all such actions as may be necessary to ensure that all such Common Shares may be so issued without violation of any applicable requirements of any exchange upon which the Common Shares may be listed or in respect of which the Common Shares are qualified for unlisted trading privileges. The Corporation will take all such actions as are within its power to ensure that all such Common Shares may be so issued without violation of any applicable law.

Appears in 4 contracts

Samples: Debt Settlement Agreement (TerrAscend Corp.), Debt Settlement Agreement (TerrAscend Corp.), TerrAscend Corp.

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Shares to Be Reserved. The Corporation will at all times keep available and reserve out of its authorized Common Shares, solely for the purpose of issuing issue upon the exercise of the these Warrants, such number of Common Shares as shall then be issuable upon the exercise of the these Warrants. The Corporation covenants and agrees that all such Common Shares which shall be so issuable will, upon issuance and receipt of the Exercise Price thereforeissuance, be duly authorized and issued as issued, fully paid and non-assessable. The Corporation will take all such actions action as may be necessary to ensure assure that all such Common Shares may be so issued without violation of any applicable requirements of any stock exchange upon which the Common Shares of the Corporation may be listed or in respect of which the Common Shares are qualified for unlisted trading privileges. The Corporation will take all such actions action as are is within its power to ensure assure that all such Common Shares may be so issued without violation of any applicable law.

Appears in 4 contracts

Samples: Ym Biosciences Inc, Ym Biosciences Inc, Ym Biosciences Inc

Shares to Be Reserved. The Corporation will at all times keep available and reserve out of its authorized Common Shares, solely for the purpose of issuing issue upon the exercise of the Warrantsthis Warrant, such number of Common Shares as shall then be issuable upon the exercise of the Warrantsthis Warrant. The Corporation covenants and agrees that all such Common Shares which shall be so issuable will, upon issuance and receipt of the Exercise Price thereforeissuance, be duly authorized and issued as issued, fully paid and non-assessable. The Corporation will take all such actions action as may be necessary to ensure assure that all such Common Shares may be so issued without violation of any applicable requirements of any stock exchange upon which the Common Shares of the Corporation may be listed or in respect of which the Common Shares are qualified for unlisted trading privileges. The Corporation will take all such actions action as are is within its power to ensure assure that all such Common Shares may be so issued without violation of any applicable law.

Appears in 4 contracts

Samples: Subscription Agreement (SyntheMed, Inc.), Subscription Agreement (SyntheMed, Inc.), SyntheMed, Inc.

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Shares to Be Reserved. The Corporation will at all times keep available and reserve out of its authorized Common Shares, solely for the purpose of issuing issue upon the exercise of the Warrantsthis Warrant, such number of Common Shares as shall then be issuable upon the exercise of the these Warrants. The Corporation covenants and agrees that all such Common Shares which shall be so issuable will, upon issuance and receipt of the Exercise Price thereforeissuance, be duly authorized and issued as issued, fully paid and non-assessable. The Corporation will take all such actions action as may be necessary to ensure assure that all such Common Shares may be so issued without violation of any applicable requirements of any stock exchange upon which the Common Shares of the Corporation may be listed or in respect of which the Common Shares are qualified for unlisted trading privileges. The Corporation will take all such actions action as are is within its power to ensure assure that all such Common Shares may be so issued without violation of any applicable law.

Appears in 1 contract

Samples: Confidential Subscription Agreement (Life Medical Sciences Inc)

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