Common use of COMPANY TO RESERVE ORDINARY SHARES Clause in Contracts

COMPANY TO RESERVE ORDINARY SHARES. The Company shall at all times prior to the Stock Purchase Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Ordinary Shares the maximum number of Ordinary Shares issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding Certificates.

Appears in 5 contracts

Samples: Purchase Contract Agreement (Xl Capital LTD), Purchase Contract Agreement (Xl Capital LTD), Purchase Contract Agreement (Xl Capital LTD)

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COMPANY TO RESERVE ORDINARY SHARES. The Company shall at all times prior to the Stock Purchase Contract Settlement Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Ordinary Shares the maximum full number of Ordinary Shares issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units Securities evidenced by Outstanding Certificates.

Appears in 2 contracts

Samples: Purchase Contract Agreement (Ace LTD), Purchase Contract Agreement (Ace LTD)

COMPANY TO RESERVE ORDINARY SHARES. The Company shall at all times prior to the Stock Purchase Contract Settlement Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Ordinary Shares the maximum full number of Ordinary Shares issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding Certificates.

Appears in 1 contract

Samples: Purchase Contract Agreement (Scottish Re Group LTD)

COMPANY TO RESERVE ORDINARY SHARES. The Company shall at all times prior to the Stock Purchase Contract Settlement Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Ordinary Shares the maximum full number of shares of Ordinary Shares issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding Certificates.

Appears in 1 contract

Samples: Purchase Contract Agreement (Scottish Annuity & Life Holdings LTD)

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COMPANY TO RESERVE ORDINARY SHARES. The Company shall at all times prior to the Stock Purchase Contract Settlement Date reserve and keep available, free from preemptive rights, out of its authorized but unissued Ordinary Shares the maximum number of Ordinary Shares issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding Certificates.

Appears in 1 contract

Samples: Purchase Contract Agreement (Endurance Specialty Holdings LTD)

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