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

Reservation of 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 this Debenture, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder of this Debenture, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 13 contracts

Sources: Securities Purchase Agreement (Mphase Technologies Inc), Convertible Debenture (Cord Blood America, Inc.), Convertible Debenture Agreement (Tidelands Oil & Gas Corp/Wa)

Reservation of 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 this Debenturethe shares of the Series A Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; and if all outstanding shares of the Series A Preferred. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companypurpose.

Appears in 10 contracts

Sources: Stock Purchase Agreement (Bizzingo, Inc.), Loan and Security Agreement (Sunesis Pharmaceuticals Inc), Share Subscription Agreement (International Assets Holding Corp)

Reservation of 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 indebtedness represented by this DebentureNote, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all indebtedness represented by this Debenture; Note, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all indebtedness represented by this Debenture, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companypurpose.

Appears in 6 contracts

Sources: Convertible Note (Digital Entertainment Network Inc), Convertible Note (Digital Entertainment Network Inc), Convertible Note (Digital Entertainment Network Inc)

Reservation of 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 this Debenture, Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this DebentureNote, in addition to without limitation of such other remedies as shall be available to the holder of this DebentureNote, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 4 contracts

Sources: Convertible Promissory Note (Loop Industries, Inc.), Convertible Promissory Note (Loop Industries, Inc.), Convertible Note (Arista Networks, Inc.)

Reservation of 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 this Debenture, Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenturethe entire outstanding principal amount and, in addition to if applicable, accrued and unpaid interest, of the Note, without limitation of such other remedies as shall be available to the holder Lender of this DebentureNote, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 4 contracts

Sources: Convertible Promissory Note (Delta Mutual Inc), Convertible Promissory Note (Delta Mutual Inc), Convertible Promissory Note (Delta Mutual Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times after the Original Issue Date, reserve and keep available out of its authorized but unissued shares of Common Stock, Shares solely for the purpose of effecting the conversion of the shares of this DebentureSeries, such number of its shares of Common Stock Shares as shall from time to time be sufficient to effect the conversion of all then outstanding shares of this DebentureSeries; and if at any time the number of authorized but unissued shares of Common Stock Shares shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder all then outstanding shares of this DebentureSeries, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock Shares to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, including engaging in best efforts to obtain the requisite shareholder approval to file an approvals of any necessary amendment to this Amended and Restated Statement of Designation or the charter of the CompanyArticles.

Appears in 2 contracts

Sources: Share Purchase Agreement (Castor Maritime Inc.), Share Purchase Agreement (Toro Corp.)

Reservation of 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 this Debenturethe Note, such a number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this DebentureNote, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company will use reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 2 contracts

Sources: Convertible Note (Temtex Industries Inc), Convertible Note (Temtex Industries Inc)

Reservation of 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 this Debenturethe 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 this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter of the Companythis Certificate.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Webb Interactive Services Inc), Securities Purchase Agreement (Atlantic International Entertainment LTD)

Reservation of 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 this Debenturethe shares of the Series 5-A Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; all outstanding shares of the Series 5-A Preferred Stock and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries 5-A Preferred Stock, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Company’s Certificate of the CompanyIncorporation.

Appears in 2 contracts

Sources: Series 5 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.), Series 5 a Preferred Stock and Warrant Purchase Agreement (Tri-Isthmus Group, Inc.)

Reservation of 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 this Debenture, the Note such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the entire outstanding principal amount and accrued interest of this DebentureNote, in addition to such other remedies as shall be available to the holder of this DebentureHolder, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 2 contracts

Sources: Loan Agreement (Cyberguard Corp), Loan Agreement (Cyberguard Corp)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, common stock solely for the purpose of effecting the conversion of this Debenture, Note such number of its shares of Common Stock common stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if at any time the number of authorized but unissued shares of Common Stock common stock shall not be sufficient to effect the conversion of the entire outstanding principal and interest amount of this DebentureNote, in addition to without limitation of such other remedies as shall be available to the holder of this DebentureNote, the Company will use its reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock common stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 2 contracts

Sources: Convertible Promissory Note (Artelo Biosciences, Inc.), Convertible Promissory Note (Artelo Biosciences, Inc.)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stockcapital stock of the Company, solely for the purpose of effecting the conversion of this DebentureNote, such number of its shares of Common Stock capital stock of the Company as shall from time to time be sufficient to effect the conversion of this DebentureNote; and if at any time the number of authorized but unissued shares of Common Stock capital stock of the Company shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company will hereby covenants and agrees to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock capital stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companypurpose.

Appears in 2 contracts

Sources: Convertible Note Agreement (IntelliHome, Inc.), Subordinated Convertible Note (Houston American Energy Corp)

Reservation of 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 this Debenture, the Notes such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Notes; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenturethe entire outstanding principal amount of the Notes, together with accrued interest thereon, in addition to such other remedies as shall be available to the holder of this Debenturethe Notes, the Company will use its best efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 2 contracts

Sources: Note Conversion Agreement (Rodman & Renshaw Capital Group Inc), Note Conversion Agreement (Abaco Grupo Financiero Sa De Cv /Adr/)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stockcapital stock of the Company, solely for the purpose of effecting the conversion of this DebentureNote, such number of its shares of Common Stock Conversion Shares as shall from time to time be sufficient to effect the conversion of this DebentureNote (the “Note Shares”); and if at any time the number of authorized but unissued shares of Common Stock capital stock of the Company shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company will hereby covenants and agrees to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock capital stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companypurpose.

Appears in 2 contracts

Sources: Private Placement Subscription Agreement (Counterpath Solutions, Inc.), Convertible Note Agreement (Counterpath Solutions, Inc.)

Reservation of Stock Issuable Upon Conversion. The Company Corporation shall at all times reserve and keep available out of if its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of this Debenturethe 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 this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Certificate of the CompanyIncorporation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (VG Life Sciences, Inc.), Securities Purchase Agreement (VG Life Sciences, Inc.)

Reservation of Stock Issuable Upon Conversion. The Company Borrower 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 this DebentureNote, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this DebentureNote; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this DebentureNote, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company Borrower will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the CompanyBorrower.

Appears in 2 contracts

Sources: Convertible Note (Celsius Holdings, Inc.), Convertible Note (Celsius Holdings, Inc.)

Reservation of 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 this Debenture, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder of this Debenture, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.. Initials Initials

Appears in 1 contract

Sources: Convertible Debenture (Celsius Holdings, Inc.)

Reservation of 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 this Debenturethe 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 this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best commercially reasonable efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter of the Companythis Certificate.

Appears in 1 contract

Sources: Stock Purchase Agreement (EWaste Systems, Inc.)

Reservation of 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 this Debenture, 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 this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Corporation’s Articles of the CompanyIncorporation.

Appears in 1 contract

Sources: Certificate of Designation (Sino-Global Shipping America, Ltd.)

Reservation of 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 this Debenture, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder of this Debenture, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite requite shareholder approval to file an amendment to the charter of the Company.

Appears in 1 contract

Sources: Convertible Debenture Agreement (Last Mile Logistics Group, Inc.)

Reservation of 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 this Debenturethe 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 this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in its best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Certificate of the CompanyIncorporation.

Appears in 1 contract

Sources: Merger Agreement (Access Beyond Inc)

Reservation of 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 Note (taking into account the adjustments required by this DebentureSection 5), such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe outstanding; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debentureall the Note, in addition to such other remedies as shall be available to the holder of this DebentureInvestors, the Company will will, as soon as is reasonably practicable, take all such corporate action as may, in the opinion of its counsel, may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 1 contract

Sources: Exchange Agreement (Dolphin Entertainment, Inc.)

Reservation of 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 this Debenture, the Principal Amount and any accrued but unpaid interest such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debentureall of the Principal Amount; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debentureall the Principal Amount, in addition to such other remedies as shall be available to the holder of this DebentureCephalon, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Company.

Appears in 1 contract

Sources: Note Agreement (Cephalon Inc)

Reservation of Stock Issuable Upon Conversion. The Without limiting any provision contained in the New Warrants or the New Junior Notes, 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 affecting the conversion or exercise, as applicable, of this Debenturethe New Securities, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion or exercise of this Debenture; all outstanding New Securities, as applicable, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion or exercise, as applicable, of this Debenture, in addition to such other remedies as shall be available to all the holder of this Debenturethen outstanding New Securities, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, including without limitation, limitation engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companyapproval.

Appears in 1 contract

Sources: Exchange Agreement (Systemone Technologies Inc)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common StockShares, solely for the purpose of effecting the conversion of this Debenturethe Preference Shares, such number of its shares of Common Stock Shares as shall from time to time be sufficient to effect the conversion of this Debentureall outstanding Preference Shares; and if at any time the number of authorized but unissued shares of Common Stock Shares shall not be sufficient to effect the conversion of this Debentureall then outstanding Preference Shares, in addition to such other remedies as shall be available to the holder of this Debenturesuch Preference Shares, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock Shares to such number of shares Shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an of members of any necessary amendment to the charter this Memorandum of the CompanyAssociation.

Appears in 1 contract

Sources: Subscription Agreement (Redgate Media Group)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times after the Original Issue Date, reserve and keep available out of its authorized but unissued shares of Common Stock, Shares solely for the purpose of effecting the conversion of the shares of this DebentureSeries, such number of its shares of Common Stock Shares as shall from time to time be sufficient to effect the conversion of all then outstanding shares of this DebentureSeries; and if at any time the number of authorized but unissued shares of Common Stock Shares shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to the holder all then outstanding shares of this DebentureSeries, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock Shares to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, including engaging in best efforts to obtain the requisite shareholder approval to file an approvals of any necessary amendment to this Statement of Designation or the charter of the CompanyArticles.

Appears in 1 contract

Sources: Share Purchase Agreement (Castor Maritime Inc.)

Reservation of 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 this Debenturethe shares of the Series D Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debentureall outstanding shares of the Series D Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries D Preferred Stock, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Company’s Certificate of the CompanyIncorporation.

Appears in 1 contract

Sources: Securities Exchange and Settlement Agreement (Kona Gold Solutions, Inc.)

Reservation of Stock Issuable Upon Conversion. The At all times while this Note shall be convertible into shares of common stock, the Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, common stock solely for the purpose of effecting the conversion of this Debenture, Note such number of its shares of Common Stock such common stock as shall from time to time be sufficient to effect the conversion of this Debenture; and if at any time Note in full. In the event that the number of authorized but unissued shares of Common Stock such common stock shall not be sufficient to effect the conversion of the entire outstanding principal amount of this DebentureNote, then in addition to such other remedies as shall be available to the holder of this DebentureHolder, the Company will shall take such corporate action as may, in the opinion of its counsel, may be necessary to increase its authorized but unissued shares of Common Stock such common stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an amendment to the charter of the Companypurpose.

Appears in 1 contract

Sources: Assignment of Contract Rights (Elemental Protective Coating Corp.)

Reservation of 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 this Debenturethe shares of the Preferred Shares, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debentureall outstanding shares of the Preferred Shares; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebenturePreferred Shares, the Company will Corporation shall take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an of any necessary amendment to the charter this Certificate of the CompanyIncorporation.

Appears in 1 contract

Sources: Merger Agreement (Windy Creek Developments, Inc.)

Reservation of 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 this Debenturethe shares of the Series A Preferred Stock, such number of its shares of Common Stock as shall from time to time be deemed sufficient to effect the conversion of this Debentureall outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries A Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter of the Companythis Certificate.

Appears in 1 contract

Sources: Share Purchase Agreement (Staar Surgical Co)

Reservation of 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 this Debenturethe 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 this Debentureall outstanding shares of the Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebenturePreferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter of the Companythis Certificate.

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (TVN Entertainment Corp)

Reservation of 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 this Debenture, the shares of the Series C Preferred Stock such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debentureall outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries C Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Corporation’s Articles of the CompanyIncorporation.

Appears in 1 contract

Sources: Option Agreement (Logical Choice Corp)

Reservation of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Class A Common Stock, solely for the purpose of effecting the conversion of this Debenturethe Note, such number of its shares of Class A Common Stock as shall from time to time be sufficient to effect the conversion of this Debenturethe Note; and if it at any time the number of authorized but unissued shares of Class A Common Stock shall not be sufficient to effect the conversion of this Debenturethe Note, in addition to such other remedies as shall be available to the holder of this DebentureLender, the Company will take such corporate action as may, in the opinion option of its counsel, be necessary to increase its authorized but unissued shares of Class A Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an of any necessary amendment to the charter its articles of the Companyincorporation.

Appears in 1 contract

Sources: Credit Agreement (Amerigon Inc)

Reservation of 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 this Debenturethe shares of the Series C Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debentureall outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries C Preferred Stock, the Company Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in its best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Certificate of the CompanyIncorporation.

Appears in 1 contract

Sources: Certificate of Designations, Preferences, and Rights of Series C Preferred Stock (Oxis International Inc)

Reservation of Stock Issuable Upon Conversion. The Company Maker 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 this DebentureNote, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all amounts outstanding on this DebentureNote; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all amounts outstanding on this DebentureNote, in addition to such other remedies as shall be available to the holder of this DebentureNote, the Company Maker will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval to file an of any necessary amendment to the charter Maker’s certificate of the Companyincorporation.

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (Bone Biologics, Corp.)

Reservation of 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 this Debenturethe shares of the Series 6-A Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of this Debenture; all outstanding shares of the Series 6-A Preferred Stock and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of this Debenture, in addition to such other remedies as shall be available to all then outstanding shares of the holder of this DebentureSeries 6-A Preferred Stock, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposespurpose, including, without limitation, engaging in best efforts to obtain the requisite shareholder stockholder approval to file an of any necessary amendment to the charter Company’s Certificate of the CompanyIncorporation.

Appears in 1 contract

Sources: Series 6 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.)