Common use of Common Stock Reserved Clause in Contracts

Common Stock Reserved. The Borrower shall at all times reserve and keep available out of its authorized but unissued Common Stock such number of shares of Common Stock as shall from time to time be sufficient to effect the full conversion of the convertible portion of the Note into Common Stock.

Appears in 2 contracts

Sources: Loan Agreement (Alanco Technologies Inc), Loan Agreement (Alanco Technologies Inc)