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Authorized Shares
Authorized Shares contract clause examples
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Certificate of Authorized Officer – Hedge Agreements. On the date of delivery of # the financial statements provided for in [Section 9.1(a)] and [Section 9.1(b) and (y)])] each Reserve Report delivered in connection with an Interim Redetermination, a certificate of an Authorized Officer of the [[Parties:Organization]] (a “Hedging Compliance Certificate”), setting forth # the calculations required to establish whether the [[Parties:Organization]] and its [[Parties:Organization]] were in compliance with [Section 9.18] as of such date and # a true and complete list of all commodity Hedge Agreements of the [[Parties:Organization]] and each Credit Party, the material terms thereof (in respect of the type, term, effective date, termination date and notional amounts or volumes), any credit support agreements relating thereto not listed on [Schedule 8.21] or on any previously delivered Hedging Compliance Certificate and any margin required or supplied under any credit support document; provided that, in the event that the [[Parties:Organization]] and its [[Parties:Organization]] are not in compliance with [Section 9.18] on the date on which delivery of any Hedging Compliance Certificate would otherwise be required pursuant to this [Section 9.1(g), (A)])] such non-compliance shall not constitute a Default and # the [[Parties:Organization]] shall furnish to the [[Parties:Organization]] such Hedging Compliance Certificate demonstrating compliance with [Section 9.18] within ten (10) days following such date.

Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or of issued Shares which have been reacquired by the Company.

Reservation of Stock. [[Organization A:Organization]] shall at all times when any shares of Series A Preferred Stock shall be outstanding, reserve and keep available out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series A Preferred Stock. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock, [[Organization A:Organization]] 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 purpose.

YourSpace has 10,000,000 shares of Common Stock authorized and 1,000,000 shares of Common Stock issued and outstanding, all of which are owned by [[Person B:Person]].

Valid Issuance; Available Shares. All of such issued and outstanding shares are duly authorized and have been validly issued and are fully paid and nonassessable.

increase or decrease the total number of authorized shares of Class B Common Stock;

Shares of Stock to be issued under the Plan shall be authorized but unissued shares, or, to the extent permitted by Applicable Laws, shares of treasury stock or issued shares that have been reacquired by the Company.

The issued and outstanding capital stock of the Company consists and as of the Closing will consist solely of​6,486,044​ shares, all of which are, and as of the Closing Date will be, held of record by the Shareholders. All Authorized Shares that are issued and outstanding are, and as of the Closing Date will be, duly authorized, validly issued, fully paid and nonassessable, and issued in compliance with all applicable federal, state and foreign securities laws. Except for the Shareholders and Company, no Person holds any interest in any Authorized Shares.

Shares of Series B Preferred Stock duly converted in accordance with this Certificate of Incorporation, or otherwise reacquired by the Corporation, will resume the status of authorized and unissued Cumulative Preferred Stock, undesignated as to series and available for future issuance. The Corporation may from time-to-time take such appropriate action as may be necessary to reduce the authorized number of shares of Series B Preferred Stock; provided that no decrease shall reduce the authorized number of Series B Preferred Stock to a number less than the number of shares then outstanding.

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