Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C Preferred Stock such number of its shares of Company Class A Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series C Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles of Incorporation.
Appears in 3 contracts
Sources: Share Purchase Agreement (Boxlight Corp), Share Purchase Agreement and Option Agreement (Boxlight Corp), Option Agreement (Boxlight Corp)
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C A Preferred Stock Stock, such number of its shares of Company Class A Common Stock as that shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C A Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock not otherwise reserved for issuance shall not be sufficient to effect the conversion of all then outstanding shares of the Series C A Preferred Stock, the Corporation will shall take such corporate action as that may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purposepurposes, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles its Certificate of Incorporation.
Appears in 2 contracts
Sources: Preferred Stock and Warrant Purchase Agreement (Metawave Communications Corp), Preferred Stock Purchase Agreement (Wireless Facilities Inc)
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C B Preferred Stock Stock, such number of its shares of Company Class A Common Stock as that shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C B Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock not otherwise reserved for issuance shall not be sufficient to effect the conversion of all then outstanding shares of the Series C B Preferred Stock, the Corporation will shall take such corporate action as that may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purposepurposes, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles its Certificate of Incorporation.
Appears in 2 contracts
Sources: Preferred Stock Purchase Agreement (Wireless Facilities Inc), Preferred Stock Purchase Agreement (Wireless Facilities Inc)
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C E Preferred Stock Stock, such number of its shares of Company Class A Common Stock as that shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C E Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock not otherwise reserved for issuance shall not be sufficient to effect the conversion of all then outstanding shares of the Series C E Preferred Stock, the Corporation will take such corporate action as that may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purposepurposes, including, including without limitation, engaging in best efforts to obtain the requisite stockholder shareholder approval of any necessary amendment to the Corporation’s Articles its Certificate of Incorporation.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Imarx Therapeutics Inc), Asset Purchase Agreement (Imarx Therapeutics Inc)
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, Stock solely for the purpose of effecting the conversion of the shares of the Series C A Preferred Stock Stock, such number of its shares of Company Class A Common Stock as shall from time to time be sufficient to effect the conversion of all then-outstanding shares of the Series C A Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock shall not be sufficient to effect the conversion of all then then-outstanding shares of the Series C A Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purpose, including, including without limitation, engaging in best limitation using its reasonable efforts to obtain the requisite stockholder approval of for any necessary amendment to the Corporation’s these Articles of Incorporation.
Appears in 1 contract
Sources: Securities Purchase Agreement (Global Resource CORP)
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C B Preferred Stock Stock, such number of its shares of Company Class A Common Stock as that shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C B Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock not otherwise reserved for issuance shall not be sufficient to effect the conversion of all then outstanding shares of the Series C B Preferred Stock, the Corporation will shall take such corporate action as that may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purposepurposes, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s its Articles of Incorporation.
Appears in 1 contract
Sources: Preferred Stock Purchase Agreement (Airspan Networks Inc)
Reservation of Stock Issuable Upon Conversion. The Corporation --------------------------------------------- shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C B Preferred Stock Stock, such number of its shares of Company Class A Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C B Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series C B Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation, engaging in its best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles Certificate of Incorporation.
Appears in 1 contract
Sources: Series B Preferred Stock Purchase Agreement (Oxis International Inc)
Reservation of Stock Issuable Upon Conversion. The Corporation --------------------------------------------- shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares of the Series C A Preferred Stock Stock, such number of its shares of Company Class A Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series C A Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series C A Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles of Incorporationthis Designation.
Appears in 1 contract