Reservation of Class A Ordinary Shares Clause Samples
The Reservation of Class A Ordinary Shares clause establishes that a certain number of Class A Ordinary Shares are set aside or earmarked for a specific purpose, such as future issuance under employee stock option plans or for potential investors. In practice, this means the company will not issue or allocate these reserved shares for other purposes, ensuring their availability when needed for the designated use. This clause is essential for planning and managing the company's equity structure, as it prevents over-allocation and ensures that commitments to employees or investors can be fulfilled without diluting existing shareholders unexpectedly.
Reservation of Class A Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Class A ordinary shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.
Reservation of Class A Ordinary Shares. As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of Class A Ordinary Shares for the purpose of enabling the Company to issue Shares pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.
Reservation of Class A Ordinary Shares. Section 7.3 of the Existing Warrant Agreement is hereby deleted.
Reservation of Class A Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Class A Ordinary Shares that will be sufficient to permit the exchange of all outstanding Eagle Share Rights issued pursuant to this Agreement.
Reservation of Class A Ordinary Shares. (a) PubCo shall at all times reserve and keep available out of its authorized but unissued Class A ordinary shares, solely for the purpose of issuance upon an Exchange, such number of Class A ordinary shares as shall be deliverable upon any such Exchange; provided that nothing contained herein shall be construed to preclude PubCo or the Partnership from satisfying its obligations in respect of the Exchange of the Units by delivery of Class A ordinary shares which are held in the treasury of PubCo or are held by the Partnership or any of their Subsidiaries or by delivery of purchased Class A ordinary shares (which may or may not be held in the treasury of PubCo or held by any subsidiary thereof). PubCo and the Partnership covenant that all Class A ordinary shares issued upon an Exchange will, upon issuance, have been duly authorized and validly issued and will be fully paid and non-assessable.
(b) PubCo and the Partnership covenant and agree that, to the extent that a registration statement under the Securities Act is effective and available for Class A ordinary shares to be delivered with respect to any Exchange, shares that have been registered under the Securities Act shall be delivered in respect of such Exchange. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable cooperation of the Partner requesting such Exchange, PubCo and the Partnership shall use commercially reasonable efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such registration requirements. PubCo and the Partnership shall use commercially reasonable efforts to list the Class A ordinary shares required to be delivered upon Exchange prior to such delivery upon each national securities exchange or inter-dealer quotation system upon which the outstanding Class A ordinary shares may be listed or traded at the time of such delivery.
(c) PubCo shall use its reasonable best efforts to take all reasonable steps as may be required to cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and to be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions from, or dispositions to, PubCo, of Equity Securities of PubCo (including derivative securities with respect thereto) and any securities that may be deemed to be Equity Secur...
Reservation of Class A Ordinary Shares. The Company shall, so long as any Class A Preference Shares are issued and outstanding, reserve and keep available out of its authorized and unissued Class A Ordinary Shares, solely for the purpose of effecting the conversion of the Class A Preference Shares, such number of Class A Ordinary Shares as shall from time to time be sufficient to effect the conversion of all of the Class A Preference Shares then outstanding (without regard to the limitations on conversion set forth in Section 6(m) hereof).
Reservation of Class A Ordinary Shares. The Company shall ensure that there are at all times sufficient Class A Ordinary Shares to provide for the issuance of the ADSs, free of any preemptive rights, out of its authorized but unissued share capital, of the maximum aggregate number of Class A Ordinary Shares represented by the ADSs authorized for issuance by the Board pursuant to the terms of this Agreement. The Company will use its commercially reasonable efforts to cause the ADSs to be listed for trading on the Trading Market and to maintain such listing.