Number Unlimited; Issuable in Series Sample Clauses
The 'Number Unlimited; Issuable in Series' clause authorizes a company to issue an unlimited number of shares and to do so in multiple series. In practice, this means the company is not restricted by a maximum share cap and can create different classes or series of shares, each potentially with distinct rights or preferences, as needed for financing or structuring purposes. This clause provides flexibility for the company to raise capital or accommodate new investors without the need for amending its governing documents each time, thereby streamlining corporate actions and supporting growth.
Number Unlimited; Issuable in Series. (a) The aggregate number of Universal Warrants that may be delivered under this Agreement is unlimited.
(b) The Universal Warrants may be issued in one or more series. There shall be established in or pursuant to one or more Board Resolutions (and to the extent established pursuant to, rather than set forth in, a Board Resolution, in an Officer's Certificate detailing such establishment) or established in one or more agreements supplemental hereto, prior to the initial issuance of Universal Warrants of any series:
(i) the designation of the Universal Warrants of the series, which shall distinguish the Universal Warrants of the series from the Universal Warrants of all other series;
(ii) any limit upon the aggregate number of the Universal Warrants of the series that may be countersigned and delivered under this Agreement (except for Universal Warrants countersigned and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Universal Warrants of the series);
(iii) the specific Warrant Property purchasable or salable upon exercise of the Universal Warrants of the series, and the amount thereof (or the method for determining the same);
(iv) the price at which the Universal Warrants of the series will be issued and, if other than U.S. dollars, the coin or currency or composite currency in which such issue price will be payable;
(v) whether the Universal Warrants of the series are warrants to purchase ("call warrants") or warrants to sell ("put warrants") the Warrant Property;
(vi) the price at which and, if other than U.S. Dollars, the coin or currency or composite currency with which the Warrant Property may be purchased or sold upon exercise of the Universal Warrants of the series (or the method for determining the same);
(vii) whether the exercise price for the Universal Warrants of the series may be paid in cash or by the exchange of any other security of the Company, or both, or otherwise, and the method of exercise of the Universal Warrants of the series;
(viii) whether the exercise of the Universal Warrants of the series is to be settled in cash or by delivery of the Warrant Property or both, or otherwise;
(ix) the date on which the right to exercise the Universal Warrants of the series shall commence and the date (the "Expiration Date") on which such right shall expire or, if the Universal Warrants of the series are not continuously exercisable throughout such period, the specific date or dates on which they will be exerci...
Number Unlimited; Issuable in Series. The aggregate number of Warrants that may be issued and delivered under this Agreement is unlimited. The Warrants may be issued in one or more series. The Warrants of a particular series may contain the terms and provisions from time to time authorized by or pursuant to a Board Resolution of the Company, as set forth in Section 2.03(b).
Number Unlimited; Issuable in Series. (a) The aggregate number of Purchase Contracts that may be delivered under this Agreement is unlimited.