Authorization of Conversion Shares. The Company shall authorize sufficient shares to enable the conversion of the Note in accordance with the terms of the Note prior to the date of the proposed conversion. When issued, all such shares shall be duly authorized, fully paid and non-assessable, and validly issued in accordance with the M&AA and any relevant securities laws.
Appears in 3 contracts
Samples: Convertible Note Purchase Agreement, Convertible Note Purchase Agreement (Niu Technologies), Convertible Note Purchase Agreement (Niu Technologies)
Authorization of Conversion Shares. The Company shall authorize sufficient shares to enable the conversion of the Convertible Note in accordance with the terms of the Convertible Note prior to the date of the proposed conversion. When issued, all such shares shall be duly authorized, fully paid and non-assessable, and validly issued in accordance with the M&AA and any relevant securities laws.
Appears in 2 contracts
Samples: Notes Purchase Agreement, Notes Purchase Agreement (Puxin LTD)
