Examples of Reserved Common Shares in a sentence
Upon surrender by the Investor to the Corporation of shares of Series A-1 Preferred Stock or Reserved Common Shares acquired by such Investor hereunder, the Corporation, at its expense, will issue in exchange therefor, and deliver to such Investor, a new certificate or certificates representing such shares in such denominations as may be requested by such Investor.
With the world population estimated at 7.6 billion people in 2021, and projected to reach over 11 billion people by the end of the century, it is all but certain that ammonia synthesis will remain a high priority for the chemical industry1,2.
Assuming the accuracy of the representations of the Purchasers in Section 4.2, the offering, sale, and issuance of the Purchased Notes, the Preferred Shares and the Reserved Common Shares, as the case may be, will be, exempt from registration under the Securities Act and applicable state securities laws and the rules and regulations promulgated thereunder.
The authorization, reservation, issuance, sale and delivery, as applicable, of the Notes, the Reserved Common Shares and the Preferred Shares have been duly and validly authorized by all requisite action on the part of the Company.
Upon surrender by any Investor to the Corporation of shares of Series B Preferred Stock or Reserved Common Shares issued upon conversion of any Series B Preferred Stock purchased or acquired by such Investor hereunder, the Corporation, at its expense, will issue in exchange therefor, and deliver to such Investor, a new certificate or certificates representing such shares in such denominations as may be requested by such Investor.
Upon any transfer of the Notes or the Reserved Common Shares, the transferee shall be bound by, and entitled to the benefits of, this Agreement with respect to such transferred Securities in the same manner as the transferring Purchaser.
At December 31, 2002, 11,365,990 common shares of the Company were subject to an escrow agreement under which the shares were not to be transferred, assigned or released without the consent of the relevant regulatory body.
The Notes, the Preferred Shares and the Additional Notes, if any, and the Reserved Common Shares (assuming the issuance thereof in accordance with the applicable terms of the Notes, Series B Preferred Shares and the Series D Preferred Shares), will be duly and validly issued and outstanding, fully paid and nonassessable, with no personal Liability attaching to the ownership thereof and not subject to any preemptive rights, rights of first refusal or other similar rights of the stockholders of the Company.
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Reserved Common Shares – At March 2, 2014, 1,548,330 shares of common stock were reserved for issuance upon exercise of stock options.