Example ContractsClausesauthorized sharesVariants
Authorized Shares
Authorized Shares contract clause examples

FURTHER RESOLVED, that the Company is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessable; and

FURTHER RESOLVED, that the Company shall initially reserve ​ shares of Common Stock for issuance as Purchase Shares under the Purchase Agreement; and

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