Reservation of Shares Clause Example with 66 Variations from Business Contracts
This page contains Reservation of Shares clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Reservation of Shares. On the date hereof, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances of Common Stock under the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of shares being held in the Share Reserve is less than three (3) times the number of shares of... Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Conversion Price (as defined in the Note). Company shall further require the Transfer Agent to hold the shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Reserve. The Transfer Agent shall only issue shares out of the Share Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent.View More
Variations of a "Reservation of Shares" Clause from Business Contracts
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as full conversion of the date of any such request the number of shares bei...ng held in the Share Reserve is less than Note. Company will at all times reserve at least three (3) times the number of shares of Common Stock obtained by dividing equal to the Outstanding Balance (as defined in and determined pursuant to the Note) as of the date of the request divided by the Conversion Price (as defined in and determined pursuant to the Note). Note) (the "Share Reserve"), but in any event not less than 2,500,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 500,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of sha...res being held in the Share Reserve is less than at least three (3) times the number of shares of Common Stock quotient obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 150,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common 4 Stock to the Transfer Agent Reserve in increments of 25,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note at least three (3) times the quotient obtained by dividing the Outstanding Balance (as defined in the Note) by the Installment Conversion Price (as defined in the Note) (the "Share Reserve"), but in any event not less than 9,000,00...0 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add additional shares of Common Stock to the Share Transfer Agent Reserve in increments of 1,000,000 shares as and when requested by Investor if as of in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of any such request issuance of Conversion Shares under the number of shares being held in the Share Reserve is less than three (3) times the Note, a number of shares of Common Stock obtained by dividing equal to the Outstanding Balance (as defined in the Note) as of the date of the request by the Conversion Price (as defined in the Note). Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as full conversion of the date of any such request the number of shares bei...ng held in the Share Reserve is less than Note. Company will at all times reserve at least three (3) times the number of shares of Common Stock obtained by dividing equal to the Outstanding Balance (as defined in and determined pursuant to the Note) as of the date of the request divided by the Conversion Price (as defined in and determined pursuant to the Note). Note) (the "Share Reserve"), but in any event not less than 5,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 500,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of sha...res being held in the Share Reserve is less than at least three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Installment Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 375,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 50,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of sha...res being held in the Share Reserve is less than at least three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Redemption Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 8,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 1,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of sha...res being held in the Share Reserve is less than at least three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Redemption Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 200,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 20,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances the issuance of Common Stock under upon the full conversion of the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of sha...res being held in the Share Reserve is less than at least three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Redemption Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 50,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 5,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On At all times during which the date hereof, Note is convertible or for shares of Common Stock, Company will reserve 15,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances of Common Stock under the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of shares being h...eld in the Share Reserve is less than at least three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Installment Conversion Price (as defined in the Note). Note) (the "Share Reserve"), but in any event not less than 55,000,000 shares of Common Stock shall be reserved at all times for such purpose (the "Transfer Agent Reserve"). Company further agrees that it will cause the Transfer Agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of 5,000,000 shares as and when requested by Investor in writing from time to time, provided that such incremental increases do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and until such time that the Note has been paid in full, Company shall require the Transfer Agent to reserve for the purpose of issuance of Conversion Shares under the Note, a number of shares of Common Stock equal to the Transfer Agent Reserve. Company shall further require the Transfer Agent to hold the such shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note and to Investor out of its authorized and unissued shares, and not the Share Transfer Agent Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Transfer Agent Reserve. The Transfer Agent shall only issue shares out of the Share Transfer Agent Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
Reservation of Shares. On the date hereof, Within one (1) Trading Day of Company's 2018 annual stockholder meeting, Company will reserve 15,000,000 25,000,000 shares of Common Stock from its authorized and unissued Common Stock to provide for all issuances of Common Stock under the Note (the "Share Reserve"). Company further agrees to add additional shares of Common Stock to the Share Reserve in increments of 1,000,000 shares as and when requested by Investor if as of the date of any such request the number of shares ...being held in the Share Reserve is less than three (3) times the number of shares of Common Stock obtained by dividing the Outstanding Balance (as defined in the Note) as of the date of the request by the Conversion Price (as defined in the Note). Company shall further require the Transfer Agent to hold the shares of Common Stock reserved pursuant to the Share Reserve exclusively for the benefit of Investor and to issue such shares to Investor promptly upon Investor's delivery of a conversion notice under the Note. Investor. Finally, Company shall require the Transfer Agent to issue shares of Common Stock pursuant to the Note to Investor out of its authorized and unissued shares, and not the Share Reserve, to the extent shares of Common Stock have been authorized, but not issued, and are not included in the Share Reserve. The Transfer Agent shall only issue shares out of the Share Reserve to the extent there are no other authorized shares available for issuance and then only with Investor's written consent. View More
