Common use of Company to Reserve Stock; Registration; Listing Clause in Contracts

Company to Reserve Stock; Registration; Listing. The Company shall, in accordance with the laws of the State of Iowa, at all times reserve and keep available, free from preemptive rights, out of a combination of its authorized but unissued shares of Common Stock or its purchased shares of Common Stock which are then held in the treasury of the Company, 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 to effect the conversion of all Securities then outstanding into such Common Stock at any time (assuming that, at the time of the computation of such number of shares or securities, all such Securities would be held by a single Holder). The Company covenants that all shares of Common Stock which may be issued upon conversion of Securities will upon issue be fully paid and nonassessable and free from all liens and charges and, except as provided in Section 10.9, taxes with respect to the issue thereof.

Appears in 2 contracts

Samples: Indenture (Amerus Group Co/Ia), Indenture (Amerus Group Co/Ia)

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Company to Reserve Stock; Registration; Listing. (a) The Company shall, in accordance with the laws prior to issuance of the State of Iowaany Securities hereunder, at all times and from time to time as may be necessary, reserve and keep available, free from preemptive rights, out of a combination of its authorized but unissued shares of Common Stock or its purchased shares of Common Stock which are then held in the treasury of the CompanyStock, 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 to effect the conversion of all Securities (including after taking into account any adjustments to the Conversion Rate pursuant to Section 12.3) then outstanding into such Common Stock at any time (assuming that, at the time of the computation of such number of shares or securitiesCommon Stock, all such Securities would be held by a single Holder). The Company covenants that all shares of Common Stock which may be issued upon conversion of Securities will shall upon issue be fully paid and nonassessable and free from all liens and charges and, except as provided in Section 10.912.9, taxes with respect to the issue thereof.

Appears in 1 contract

Samples: Indenture (Willbros Group Inc)

Company to Reserve Stock; Registration; Listing. (a) The Company shall, in accordance with the laws of the State of IowaDelaware, at all times reserve and keep available, free from preemptive rights, out of a combination of its authorized but unissued shares of Common Stock or its purchased shares of Common Stock which are then held in the treasury of the Company, for the purpose of effecting the conversion of the SecuritiesDebentures, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient to effect the conversion of all Securities Debentures then outstanding Outstanding into such Common Stock at any time (assuming that, at the time of the computation of such number of shares or securities, all such Securities Debentures would be held by a single Holder). The Company covenants that all shares of Common Stock which may be issued upon conversion of Securities Debentures will upon issue be fully paid and nonassessable and free from all liens and charges and, except as provided in Section 10.910.8, taxes with respect to the issue thereof.

Appears in 1 contract

Samples: Indenture (Gtech Holdings Corp)

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Company to Reserve Stock; Registration; Listing. xiii) The Company shall, in accordance with the laws of the State of Iowa, at all times reserve and keep available, free from preemptive rights, out of a combination of its authorized but unissued shares of Common Stock or its purchased shares of Common Stock which are then held in the treasury of the Company, 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 to effect the conversion of all Securities then outstanding into such Common Stock at any time (assuming that, at the time of the computation of such number of shares or securities, all such Securities would be held by a single Holder). The Company covenants that all shares of Common Stock which may be issued upon conversion of Securities will upon issue be fully paid and nonassessable and free from all liens and charges and, except as provided in Section 10.910.8, taxes with respect to the issue thereof.

Appears in 1 contract

Samples: Indenture (Amerus Group Co/Ia)

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