Common use of Reservation of Common Stock Issuable Upon Conversion Clause in Contracts

Reservation of Common Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Preferred Stock and all shares of Preferred Stock that may be issued upon drawdown of subscriptions by the Company.

Appears in 2 contracts

Sources: Subscription Agreement (Nephros Inc), Subscription Agreement (Nephros Inc)

Reservation of Common Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, Stock solely for the purpose of effecting the conversion of the shares of the Preferred StockSeries A Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Preferred Stock and all shares of Preferred Stock that may be issued upon drawdown of subscriptions by the CompanySeries A Preferred.

Appears in 2 contracts

Sources: Subscription Agreement (BioPharmX Corp), Merger Agreement (One E Commerce CORP)

Reservation of Common Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, Stock solely for the purpose of effecting the conversion of the shares of the Preferred StockSeries B Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Preferred Stock and all shares of Preferred Stock that may be issued upon drawdown of subscriptions by the CompanySeries B Preferred.

Appears in 1 contract

Sources: Merger Agreement (One E Commerce CORP)

Reservation of Common Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Preferred StockSeries Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Preferred Stock and all shares of Preferred Stock that may be issued upon drawdown of subscriptions by the Company.shall

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (Velocom Inc)

Reservation of Common Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock and all shares of Preferred Stock that may be issued upon drawdown of subscriptions by the CompanyStock.

Appears in 1 contract

Sources: Series a Cumulative Convertible Preferred Stock Purchase Agreement (Monsterdaata Com Inc)