Reservation Requirement. So long as any Debentures remain outstanding the Company agrees to reserve and at all times keep available solely for purposes of conversion of Debentures such number of authorized but unissued shares of Common Stock that is set forth in Section 3.10 of the Purchase Agreement.
Appears in 2 contracts
Sources: Convertible Debenture (Zitel Corp), Convertible Debenture Agreement (Zitel Corp)