Common use of Reservation and Listing of Shares Clause in Contracts

Reservation and Listing of Shares. The Company 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 this Warrant, such number of shares of Common Stock as shall be issuable upon the exercise hereof. The Company covenants and agrees that, upon exercise of this Warrant 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, provided that the Exercise Price per share shall equal or exceed the par value of the Common Stock. As long as the Warrant shall be outstanding, the Company shall use its best efforts to cause all shares of Common Stock issuable upon the exercise of the Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the Common Stock may then be listed.

Appears in 2 contracts

Sources: Warrant Agreement (Planet Polymer Technologies Inc), Warrant Agreement (Planet Polymer Technologies Inc)

Reservation and Listing of Shares. The Company 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 this Warrant, such number of shares of Common Stock as shall be issuable upon the exercise hereof. The Company covenants and agrees that, upon exercise of this Warrant and payment of the Exercise Purchase Price therefor, all shares of Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the Exercise Purchase Price per share shall equal or exceed the par value of the Common Stock. As long as the Warrant shall be outstanding, the Company shall use its best efforts to cause all shares of Common Stock issuable upon the exercise of the Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the Common Stock may then be listed.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Asphalt Paving International Inc), Consulting Agreement (RTG Ventures Inc)

Reservation and Listing of Shares. The Company 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 this Warrant, such number of shares of Common Stock as shall be issuable upon the exercise hereof. The Company covenants and agrees that, upon exercise of this Warrant and payment of the Exercise Price therefortherefore, all shares of Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the Exercise Price per share shall equal or exceed the par value of the Common Stock. As long as the Warrant shall be outstanding, the Company shall use its best efforts to cause all shares of Common Stock issuable upon the exercise of the Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the Common Stock may then be listed.

Appears in 2 contracts

Sources: Warrant Agreement (Planet Polymer Technologies Inc), Warrant Agreement (Planet Polymer Technologies Inc)

Reservation and Listing of Shares. The Company company shall at all times reserve and keep available out of its authorized shares of Common Stockcommon stock, solely for the purpose of issuance upon the exercise of this Warrantwarrant, such number of shares of Common Stock common stock as shall be issuable upon the exercise hereof. The Company company covenants and agrees that, upon exercise of this Warrant warrant and payment of the Exercise Price purchase price therefor, all shares of Common Stock common stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the Exercise Price purchase price per share shall equal or exceed the par value of the Common Stockcommon stock. As long as the Warrant warrant shall be outstanding, the Company company shall use its best efforts to cause all shares of Common Stock common stock issuable upon the exercise of the Warrant warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the Common Stock common stock may then be listed.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Globecomm Systems Inc), Common Stock Purchase Warrant (Globecomm Systems Inc)

Reservation and Listing of Shares. The Company 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 this Warrant, such number of shares of Common Stock as shall be issuable upon the exercise hereof. The Company covenants and agrees that, upon exercise of this Warrant and payment of the Exercise Purchase Price therefor, all shares of Common Stock issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable, provided that the Exercise Purchase Price per share shall equal or exceed the par value of the Common Stock. As long as the this Warrant shall be outstanding, the Company shall use its best efforts to cause all shares of Common Stock issuable upon the exercise of the this Warrant to be listed (subject to official notice of issuance) on all securities exchanges on which the Common Stock may then be listedis listed as of the date this Warrant is issued.

Appears in 1 contract

Sources: Lending Agreement (Electro Catheter Corp)