Common use of Sufficiency of Authorized Common Stock; Exchange Listing Clause in Contracts

Sufficiency of Authorized Common Stock; Exchange Listing. (a) During the period from the Closing Date (or, if the approval of the Stockholder Proposals is required, the date of such approval) until the date on which the Warrant has been fully exercised, the Company shall at all times have reserved for issuance, free of preemptive or similar rights, a sufficient number of authorized and unissued Warrant Shares to effectuate such exercise. Nothing in this Section 3.3 shall preclude the Company from satisfying its obligations in respect of the exercise of the Warrant by delivery of shares of Common Stock which are held in the treasury of the Company. As soon as reasonably practicable following the Closing, the Company shall, at its expense, cause the Warrant Shares to be listed on the same national securities exchange on which the Common Stock is listed, subject to official notice of issuance, and shall maintain such listing for so long as any Common Stock is listed on such exchange.

Appears in 10 contracts

Samples: Securities Purchase Agreement (Salisbury Bancorp Inc), Letter Agreement (Bridge Capital Holdings), Securities Purchase Agreement (Tib Financial Corp.)

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Sufficiency of Authorized Common Stock; Exchange Listing. (a) During the period from the Closing Date (or, if the approval of the Stockholder Proposals is required, the date of such approval) until the date on which the Warrant has been fully exercised, the Company shall at all times have reserved for issuance, free of preemptive or similar rights, a sufficient number of authorized and unissued Warrant Shares to effectuate such exercise. Nothing in this Section 3.3 3 3 shall preclude the Company from satisfying its obligations in respect of the exercise of the Warrant by delivery of shares of Common Stock which are held in the treasury of the Company. As soon as reasonably practicable following the Closing, the Company shall, at its expense, cause the Warrant Shares to be listed on the same national securities exchange on which the Common Stock is listed, subject to official notice of issuance, and shall maintain such listing for so long as any Common Stock is listed on such exchange.

Appears in 3 contracts

Samples: Letter Agreement (Community Bank Shares of Indiana Inc), Letter Agreement (Community Bank Shares of Indiana Inc), Letter Agreement (Community Bank Shares of Indiana Inc)

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