Common use of Reservation and Listing of Shares Clause in Contracts

Reservation and Listing of Shares. The Bank shall at all times reserve and keep available out of its authorized shares of Common Stock, solely for the purpose of issuance upon the exercise of the Warrant granted herein, such number of shares of Common Stock as shall be issuable upon the exercise hereof. The Bank covenants and agrees that, upon exercise of the Warrant granted herein and payment of the Exercise Price therefor, all shares of Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable.

Appears in 3 contracts

Sources: Common Stock Purchase Warrant Agreement, Common Stock Purchase Warrant Agreement (CapStar Financial Holdings, Inc.), Common Stock Purchase Warrant Agreement (CapStar Financial Holdings, Inc.)