Common use of Company to Reserve Stock Clause in Contracts

Company to Reserve Stock. The Company shall reserve out of its authorized but unissued Common Stock or Common Stock held in treasury a sufficient number of shares of Common Stock to permit the conversion of this Debenture into Common Stock. All shares of Common Stock which may be issued upon the conversion hereof shall upon issuance be validly issued, fully paid, non assessable and free from all taxes, liens and charges with respect to the issuance thereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Solar Energy LTD), Stock Purchase Agreement (Solar Energy LTD)

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Company to Reserve Stock. The Company shall reserve out of its authorized but unissued Common Stock or Common Stock held in treasury a sufficient number of enough shares of Common Stock to permit the conversion of this Debenture into Common StockDebenture. All shares of Common Stock which may be issued upon the conversion hereof shall upon issuance be validly issued, fully paid, non assessable paid and free from all taxes, liens and charges with respect to the issuance thereofnonassesssable.

Appears in 1 contract

Samples: Electrosource Inc

Company to Reserve Stock. The Company shall reserve out of its authorized but unissued Common Stock or Common Stock held in treasury a sufficient number of shares of Common Stock to permit the conversion of this Debenture into Common StockDebenture. All shares of Common Stock which may be issued upon the conversion hereof shall upon issuance be validly issued, fully paid, non assessable paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Appears in 1 contract

Samples: Ameriresource Technologies Inc

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Company to Reserve Stock. The Company shall reserve out of its authorized but unissued Common Stock or Common Stock held in treasury a sufficient number of enough shares of Common Stock to permit the conversion of this Debenture into Common StockDebenture. All shares of Common Stock which may be issued upon the conversion hereof shall upon issuance be validly issued, fully paid, non assessable paid and free from all taxes, liens and charges with respect to the issuance thereofnonassessable.

Appears in 1 contract

Samples: Convertible Securities Subscription Agreement (Bio Plexus Inc)

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