Common use of Reservation for Issuance Clause in Contracts

Reservation for Issuance. The Company will reserve that number of Common Shares, Warrants and Preferred Stock sufficient for issuance upon exercise or conversion of Securities owned at any time by the Investor without regard to any limitation on such conversion; provided that in the case of the B-Warrant, the B2-Warrant and the Preferred Stock, the Company will reserve such sufficient number following the approval of the stockholders pursuant to Section 3.1(b).

Appears in 1 contract

Sources: Investment Agreement (Mbia Inc)

Reservation for Issuance. The Company will reserve that number of shares of Common Shares, Warrants Stock and Series A Preferred Stock sufficient for issuance issuance, including upon exercise or conversion conversion, of Securities owned at any time by the Investor Purchaser, without regard to any limitation on such conversion; provided that in the case of the B-Warrant, the B2-Warrant and the Preferred Stock, the Company will reserve such sufficient number following the approval of the stockholders pursuant to Section 3.1(b)conversion or exercise.

Appears in 1 contract

Sources: Investment Agreement (Pab Bankshares Inc)

Reservation for Issuance. The Company will reserve that number of shares of Common Shares, Warrants and Preferred Stock sufficient for issuance upon exercise or conversion of Securities Preferred Stock owned at any time by the Investor Purchaser without regard to any limitation on such conversion; provided that in the case of the B-Warrant, the B2-Warrant and the Preferred Stock, the Company will reserve such sufficient number following the approval of the stockholders pursuant to Section 3.1(b).

Appears in 1 contract

Sources: Investment Agreement (Sirius Xm Radio Inc.)

Reservation for Issuance. The Upon receipt of the Stockholder Approvals, the Company will shall reserve that number of Common Shares, Warrants and Preferred Stock Shares sufficient for issuance upon exercise or conversion of Securities owned the Warrant and Series A Preferred Stock at any time by the Investor without regard to any limitation on such exercise or conversion; provided that in the case of the B-Warrant, the B2-Warrant and the Preferred Stock, the Company will reserve such sufficient number following the approval of the stockholders pursuant to Section 3.1(b).

Appears in 1 contract

Sources: Securities Purchase Agreement (First Mariner Bancorp)