Common use of Company to Provide Common Stock Clause in Contracts

Company to Provide Common Stock. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued stock, for the purpose of effecting the conversion of the Securities, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient for the conversion of all outstanding Securities into shares of Common Stock at any time (assuming, for such purposes, that (i) Physical Settlement will apply to all conversions of Securities, (ii) at the time of computation of such number of shares, all such Securities would be converted by a single Holder and (iii) the maximum Conversion Rate permitted by Section 10.14 is applicable to such conversion). The Company shall, from time to time and in accordance with Delaware law, cause the authorized number of shares of Common Stock to be increased if the aggregate of the number of authorized shares of Common Stock remaining unissued shall not be sufficient for the conversion of all outstanding (and issuable as set forth above) Securities into shares of Common Stock at any time. All Common Stock issued upon conversion of the Securities shall be validly issued, fully paid and non-assessable and shall be free of preemptive or similar rights and free of any lien or adverse claim that arises from the action or inaction of the Company. The Company shall comply with all securities laws regulating the offer and delivery of any Common Stock upon conversion of Securities and shall list such shares on each national securities exchange or automated quotation system on which the Common Stock is listed on the applicable Conversion Date.

Appears in 3 contracts

Samples: Investment Agreement (ExlService Holdings, Inc.), Indenture (ExlService Holdings, Inc.), Indenture (Groupon, Inc.)

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Company to Provide Common Stock. (a). The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued stock, for the purpose of effecting the conversion of the Securities, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient for the conversion of all outstanding Securities into shares of Common Stock at any time (assuming, for such purposes, that (i) Physical Settlement will apply delivery of the maximum number of Make-Whole Applicable Increase pursuant to all conversions of SecuritiesSection 10.14, (ii) at the time of computation of such number of shares, all such Securities would be converted by a single Holder and (iii) that the maximum Conversion Rate permitted by Section 10.14 applicable Cash Percentage is applicable to such conversionzero). The Company shall, from time to time and in accordance with Delaware law, cause the authorized number of shares of Common Stock to be increased if the aggregate of the number of authorized shares of Common Stock remaining unissued shall not be sufficient for the conversion of all outstanding (and issuable as set forth above) Securities into shares of Common Stock at any time. All Common Stock issued upon conversion of the Securities shall be validly issued, fully paid and non-assessable and shall be free of preemptive or similar rights and free of any lien or adverse claim that arises from the action or inaction of the Company. The Company shall comply with all securities laws regulating the offer and delivery of any Common Stock upon conversion of Securities and shall list such shares on each national securities exchange or automated quotation system on which the Common Stock is listed on the applicable Conversion Date.

Appears in 1 contract

Samples: Investment Agreement (Viavi Solutions Inc.)

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Company to Provide Common Stock. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued stock, for the purpose of effecting the conversion of the Securities, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient for the conversion of all outstanding Securities into shares of Common Stock at any time (assuming, for such purposes, delivery of the maximum number of Make-Whole Applicable Increase pursuant to Section 10.14 and assuming that (i) Physical Settlement will apply to all conversions of Securities, (ii) at the time of computation of such number of shares, all such Securities would be converted by a single Holder and (iii) that the maximum Conversion Rate permitted by Section 10.14 applicable Cash Percentage is applicable to such conversionzero). The Company shall, from time to time and in accordance with Delaware Georgia law, cause the authorized number of shares of Common Stock to be increased if the aggregate of the number of authorized shares of Common Stock remaining unissued shall not be sufficient for the conversion of all outstanding (and issuable as set forth above) Securities into shares of Common Stock at any time. All Common Stock issued upon conversion of the Securities shall be validly issued, fully paid and non-assessable and shall be free of preemptive or similar rights and free of any lien or adverse claim that arises from the action or inaction of the Company. The Company shall comply with all securities laws regulating the offer and delivery of any Common Stock upon conversion of Securities and shall list such shares on each national securities exchange or automated quotation system on which the Common Stock is listed on the applicable Conversion Date.

Appears in 1 contract

Samples: Investment Agreement (Global Payments Inc)

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